Colonial Duplex with Walkout
For Sale
$2,900,000
Pending
49-51 ALBERT Drive, Monsey, NY 10952
Residential Income, Monsey, NY
Property Size5,000 SF
Lot Size0.62 Acres
Days on Market140
Property Features for 49-51 ALBERT Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 1, Bathroom 3, Basement, Bathroom 4, Bedroom 8, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
Parking features
Driveway
Patio and Porch features
Deck, Porch, Patio
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Finished, Walk-Out Access, Full
Lot features
Back Yard, Cul-De-Sac, Front Yard, Level, Near Public Transit, Near Shops
Elementary school
Elmwood Elementary School
Middle school
Chestnut Ridge Middle School
High school
Spring Valley High School
Elementary school district
East Ramapo (Spring Valley)
Middle school district
East Ramapo (Spring Valley)
High school district
East Ramapo (Spring Valley)
Directions
SADDLE RIVER RD TO ALBERT DR. HOUSE IS ON THE RIGHT SIDE OF THE CUL DE-SAC.
Standard status
Pending
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) 425-9165
Listed By:
Rivka Frankel
(845) 304-8709
Added: Apr 27
Changed: Sep 12
Last Checked: Sep 13 at 1:06AM
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 two-family Colonial residence, built in 1982, occupies a 0.62-acre parcel in a cul-de-sac setting. The property includes first-floor bedrooms and full baths, eat-in kitchens, hardwood flooring, baseboard heat, and wall or window unit cooling. Finished walkout basement areas are associated with both units, while decks, patios, porches, and a driveway provide additional functional features.
The property is located at 49-51 Albert Drive in Monsey, New York. It is served by public water and public sewer and carries R15A zoning. Frame construction and a traditional Colonial design complete the existing improvements.
The property is located at 49-51 Albert Drive in Monsey, New York. It is served by public water and public sewer and carries R15A zoning. Frame construction and a traditional Colonial design complete the existing improvements.
Key Highlights
- Two‑family Colonial residence built in 1982
- 0.62‑acre parcel in a cul‑de‑sac setting
- R15A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,358
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,767,160
$1.8M
Cap Rate 7%
$1,262,257
$1.3M
Cap Rate 9%
$981,756
$981.8K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$135.0K $27.00/SF
− Vacancy
−$8.8K −$1.76/SF
EGI
$126.2K $25.25/SF
− OpEx
−$37.9K −$7.57/SF
NOI
$88.4K $17.67/SF
Area
Rockland County, NY
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,767,160
Cap Rate 7%
$1,262,257
Cap Rate 9%
$981,756
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
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 10952, NY
47,426
Population
11,743
Households
4
Avg Household Size
19
Median Age
26%
College-Educated
85%
High-School Grad
8.9 sq mi
ZIP Area
5,329
Density / Sq Mi
$70,696
Median Household Income
$35,340
Median Earnings
$1,715
Median Rent
$786,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit Colonial residence on a cul-de-sac parcel with public water, public sewer, decks, patios, and porches.
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: Two‑family Colonial residence built in 1982; 0.62‑acre parcel in a cul‑de‑sac setting; R15A zoning
