Building Details

Building Size 3,362 SF

Year Built 1920

Buildings 1

Listing Agency: Capital Realty NY LLC

Listed By: Maurice Owen-Michaane · License #10491205580 Show Phone

Source: Totallywestchester

Added: Sep 24 Changed: Sep 28 Last Checked: Oct 4 at 3:29PM

Report an Issue

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 Capital Realty NY LLC

Investment Insights

Based on property information with market context.

This 1920-built duplex contains two residences with interior staircases between them. The first-floor unit has three bedrooms and two full bathrooms; upstairs, the second unit offers two bedrooms and one full bathroom. Together, the home has nearly 3,000 square feet, four fireplaces, and separate living and dining areas in the upper residence. Its eat-in kitchen includes stainless-steel appliances, and a heated sunroom adds another enclosed room. The lower level includes storage and utility space, along with separate washers and dryers for each residence. Improvements include updated electrical and plumbing systems, separate gas-heating systems, basement waterproofing, and hardscape and foundation repointing.

Parking includes an integrated one-car garage and driveway space for three additional cars. Garden patios and mature landscaping provide outdoor areas. The property is approximately 0.3 miles from the Pelham Metro-North station and downtown Pelham; the stated train commute to Grand Central is approximately 25 minutes.

Key Highlights

• Two residences: a 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit
• Nearly 3,000 square feet and four fireplaces
• Interior staircases connect the residences

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,434

Cap Rate

3.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,168,680 $1.2M

Cap Rate 7%

$834,771 $834.8K

Cap Rate 9%

$649,267 $649.3K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$89.3K $29.76/SF

− Vacancy

−$5.8K −$1.93/SF

EGI

$83.5K $27.83/SF

− OpEx

−$25.0K −$8.35/SF

NOI

$58.4K $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 Rate 5%

$1,168,680

Cap Rate 7%

$834,771

Cap Rate 9%

$649,267

Alternative Uses

Best Use

Multifamily LT 5

$834.8K

$730.4K – $973.9K (±1% cap)

NOI $58,434 @ 7.0% cap · market cap 3.44%

Second Best

Apartment 5plus

$735.1K

$643.2K – $857.6K (±1% cap)

NOI $51,455 @ 7.0% cap · market cap 3.03%

Theoretical Best

Retail

$906.2K

$792.9K – $1.06M (±1% cap)

NOI $63,433 @ 7.0% cap · market cap 3.73%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Hotel & Motel Real Estate Agency Acupuncture

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,139

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

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?

Similar For Sale Nearby

Double-Storefront Retail Space

117 Fifth Ave, Pelham, NY 10803

Contact for pricing

3,500 SF

View details

Three-Story Detached Office Building

25 7th Street, Pelham, NY 10803

$2,750,000

0.29 Acres

View details

Single-Story NNN Strip Mall

605 Fifth Avenue, Pelham, NY 10803

$3,750,000

0.38 Acres

View details

Frequently Asked Questions

What type of property is this?

Duplex - Interior staircases link the two residences, with separate laundry equipment serving each household.

Where is this duplex located?

The property is located at 58 Young Avenue Pelham, NY.

What is the asking price?

The asking price for this property is $1,699,000.

What are key features of this property?

This property features: Two residences: a 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit; Nearly 3,000 square feet and four fireplaces; Interior staircases connect the residences