Monsey Two-Family Home on
49-51 ALBERT Drive Monsey, NY 10952
For Sale
$2,900,000
MULTI_FAMILY - Colonial - Monsey, NY
Property Size5,000 SF
Lot Size0.62 Acres
Price / SF$580
Days on Market94
Property Features for 49-51 ALBERT Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 1
Parking features
Driveway
Patio and Porch features
Patio, Porch, Deck
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Full, Finished, Walk-Out Access
Standard status
Active
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21090
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1982
Number of units
2
Flooring type
Hardwood
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Mark One Real Estate
(845) 357-4004
Listed By:
Rivka Frankel
(845) 304-8709
Added: Apr 27
Changed: Jul 17
Last Checked: Jul 29 at 9:06AM
MLS# 977121
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property features a two-family home of approximately 5,000 square feet, situated on 0.62 acres. Each unit is approximately 2,000 square feet and includes an additional 1,000 square feet of finished walkout basement space. The property is located in a cul-de-sac in Monsey, New York, offering proximity to shopping and transportation. The zoning is R15A, and possible subdivision may be an option. The house is located on one of the loveliest streets in the heart of Monsey. The property offers country living. House size, lot size, and taxes are approximate.
Key Highlights
- .62‑acre property zoned R15A featuring a two‑family home with approximately 5,000 sq. ft. total living space
- Two units of approximately 2,000 sq. ft. each, plus approximately 1,000 sq. ft. of finished walkout basement space per unit
- Located at the end of a cul‑de‑sac in Monsey
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.0k | $27.00 |
| − Vacancy | −$8.8k | −$1.76 |
| EGI | $126.2k | $25.25 |
| − OpEx | −$37.9k | −$7.57 |
| NOI | $88.4k | $17.67 |
5,000 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,358 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.37M
NOI $81,941 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$3.31M
$2.89M – $3.86M
NOI $231,413 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home on 0.62 acres in Monsey, New York.
Where is this duplex located?
The property is located at 49-51 ALBERT Drive Monsey, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: .62‑acre property zoned R15A featuring a two‑family home with approximately 5,000 sq. ft. total living space; Two units of approximately 2,000 sq. ft. each, plus approximately 1,000 sq. ft. of finished walkout basement space per unit; Located at the end of a cul‑de‑sac in Monsey
