Building Details

Building Size 1,248 SF

Year Built 1970

Units 2

Listed By: Joel Friedman Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 4 Last Checked: Oct 5 at 7:04PM

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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 Joel Friedman

Investment Insights

Based on property information with market context.

This well-maintained duplex is being sold together with an additional parcel of land. This property offers exceptional value in a prime location. It is suitable for investors or owner-occupants, combining rental potential with a multi-parcel deal.

Key Highlights

• Multi‑parcel deal: includes a well‑maintained duplex, 616 Gate Hill, and additional land.
• Prime location.
• Strong rental potential.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,054

Cap Rate

5.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$441,080 $441.1K

Cap Rate 7%

$315,057 $315.1K

Cap Rate 9%

$245,044 $245.0K

Market Conditions

NOI Build-Up for 1,248 SF

Gross rent

$33.7K $27.00/SF

− Vacancy

−$2.2K −$1.76/SF

EGI

$31.5K $25.25/SF

− OpEx

−$9.5K −$7.57/SF

NOI

$22.1K $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 Rate 5%

$441,080

Cap Rate 7%

$315,057

Cap Rate 9%

$245,044

Alternative Uses

Best Use

Multifamily LT 5

$315.1K

$275.7K – $367.6K (±1% cap)

NOI $22,054 @ 7.0% cap · market cap 5.88%

Second Best

Apartment 5plus

$292.2K

$255.7K – $340.9K (±1% cap)

NOI $20,452 @ 7.0% cap · market cap 5.45%

Theoretical Best

Specialty Retail

$825.2K

$722.0K – $962.7K (±1% cap)

NOI $57,761 @ 7.0% cap · market cap 15.40%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Real Estate Agency Electrical Service Home Appliance Store Tech Support Center Accounting Firm

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

24

Businesses Nearby

Explore this area Business Placement

Demographics for 10980, NY

13,289

Population

5,081

Households

2.6

Avg Household Size

43

Median Age

37%

College-Educated

92%

High-School Grad

27.4 sq mi

ZIP Area

485

Density / Sq Mi

$125,333

Median Household Income

$58,306

Median Earnings

$1,748

Median Rent

$475,200

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 - Duplex with additional land, ideal for investors or owner-occupants.

Where is this duplex located?

The property is located at 570 Willow Grove Rd Stony Point, NY.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Multi‑parcel deal: includes a well‑maintained duplex, 616 Gate Hill, and additional land.; Prime location.; Strong rental potential.