Building Details

Building Size 5,200 SF

Year Built 1920

Units 2

Listing Agency: LINK NY REALTY s***@linknyrealty.com Show Phone

Listed By: Valon Nikci · License #10491202180 Show Phone

Source: Elliman

Added: Jun 21 Changed: Aug 8 Last Checked: Aug 9 at 6:48AM

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Investment Insights

Based on property information with market context.

This offering features two side-by-side residences on a landscaped property with outdoor space and a large driveway. The 52 Orchard Ridge home has been renovated and offers three bedrooms and 1.5 baths, hardwood floors, stainless steel appliances, updated cabinetry and countertops, and in-unit laundry. It will be delivered vacant at closing for immediate owner occupancy. The adjacent 54 Orchard Ridge home offers four bedrooms and one bath, along with in-unit laundry and ample basement storage, and it is currently leased.

The property includes an accessory cottage of approximately 800 square feet attached to the main residence, providing additional flexibility for a home office, studio, recreation space, or other permitted uses. Bike and walk scores indicate a car-dependent environment, while the surrounding area offers convenience with proximity to downtown Chappaqua, shops, restaurants, parks, and everyday amenities.

For buyers seeking versatility, the layout supports multiple living arrangements, including multigenerational setups, or living in one residence while renting the other. The accessory cottage can also be used to support additional household needs or work-from-home space. With one home delivered vacant and the other leased at closing, this configuration can accommodate both owner-user occupancy and immediate rental continuity.

Key Highlights

• Two side‑by‑side residences on a 0.45‑acre property in the Chappaqua School District
• 52 Orchard Ridge: renovated 3‑bedroom, 1.5‑bath home with hardwood floors, stainless steel appliances, updated cabinetry/countertops, and in‑unit laundry
• 52 Orchard Ridge will be delivered vacant at closing for immediate owner occupancy

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

$101,285

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

6.35%

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%

$2,025,700 $2.0M

Cap Rate 7%

$1,446,929 $1.4M

Cap Rate 9%

$1,125,389 $1.1M

Market Conditions

NOI Build-Up for 5,200 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

$154.8K $29.76/SF

− Vacancy

−$10.1K −$1.93/SF

EGI

$144.7K $27.83/SF

− OpEx

−$43.4K −$8.35/SF

NOI

$101.3K $19.48/SF

Area

Westchester County, NY

Vacancy

6.50%

Lease Rate

$29.76 /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%

$2,025,700

Cap Rate 7%

$1,446,929

Cap Rate 9%

$1,125,389

Alternative Uses

Best Use

Multifamily LT 5

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,285 @ 7.0% cap · market cap 6.35%

Second Best

Apartment 5plus

$1.27M

$1.11M – $1.49M (±1% cap)

NOI $89,189 @ 7.0% cap · market cap 5.59%

Theoretical Best

Retail

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,951 @ 7.0% cap · market cap 6.89%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop Locksmith Grocery & Convenience Store Big Box & Wholesale Store Catering Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

589

Businesses Nearby

Explore this area Business Placement

Demographics for 10514, NY

12,568

Population

4,205

Households

3

Avg Household Size

42

Median Age

83%

College-Educated

98%

High-School Grad

12.7 sq mi

ZIP Area

990

Density / Sq Mi

$250,001

Median Household Income

$119,662

Median Earnings

$2,758

Median Rent

$1,069,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Own a two-home setup with in-unit laundry and an attached accessory cottage for flexible living or rental use.

Where is this duplex located?

The property is located at 52-54 Orchard Ridge Rd Chappaqua, NY.

What is the asking price?

The asking price for this property is $1,595,000.

What are key features of this property?

This property features: Two side‑by‑side residences on a 0.45‑acre property in the Chappaqua School District; 52 Orchard Ridge: renovated 3‑bedroom, 1.5‑bath home with hardwood floors, stainless steel appliances, updated cabinetry/countertops, and in‑unit laundry; 52 Orchard Ridge will be delivered vacant at closing for immediate owner occupancy