Updated Duplex in Pelham
For Sale
$899,999
Pending
57 7th St, Pelham, NY 10803
Charming, updated duplex in Pelham, convenient to amenities.
Property Size2,452 SF
Lot Size0.15 Acres
Days on Market266
Property Features for 57 7th St
General Information
Standard status
Pending
Size
2,452 SF
Lot size
0.15 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$21,307
Building Details
Building Size
2,452 SF
Year Built
1955
Units
2
Listing Agency:
(914) 960-4577
Listed By:
Joseph Armato Sr.
(914) 960-4577
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 16
Last Checked: Aug 20 at 9:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph Armato Sr.
Investment Insights
Based on property information with market context.
Located in the Village of Pelham, 57 7th Ave is a duplex that has been updated. The property is suitable for homeowners or investors seeking an income-producing asset. Each unit features modern upgrades, including renovated kitchens and baths, and ample natural light. The home has been updated while preserving its original character and curb appeal. This duplex is ideal for multi-generational living, rental income, or living in one unit while leasing the other. The property is located blocks from the Pelham Metro-North station, schools, parks, shopping, and dining.
Key Highlights
- Prime Location: Walkable to Pelham Metro‑North station, schools, parks, shopping, and dining.
- Income‑Producing Potential: Turn‑key duplex ideal for rental income.
- Updated Interiors: Features renovated kitchens and baths.
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
$47,760
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
5.31%
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%
$955,200
$955.2K
Cap Rate 7%
$682,286
$682.3K
Cap Rate 9%
$530,667
$530.7K
Market Conditions
NOI Build-Up for 2,452 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
$73.0K $29.76/SF
− Vacancy
−$4.7K −$1.93/SF
EGI
$68.2K $27.83/SF
− OpEx
−$20.5K −$8.35/SF
NOI
$47.8K $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%
$955,200
Cap Rate 7%
$682,286
Cap Rate 9%
$530,667
Alternative Uses
Best Use
Multifamily LT 5
$682.3K
$597.0K – $796.0K
NOI $47,760 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$600.8K
$525.7K – $700.9K
NOI $42,056 @ 7.0% cap · market cap 4.67%
Theoretical Best
Retail
$740.7K
$648.1K – $864.1K
NOI $51,846 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
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 - Charming, updated duplex in Pelham, convenient to amenities.
Where is this duplex located?
The property is located at 57 7th St Pelham, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Prime Location: Walkable to Pelham Metro‑North station, schools, parks, shopping, and dining.; Income‑Producing Potential: Turn‑key duplex ideal for rental income.; Updated Interiors: Features renovated kitchens and baths.
