Duplex with Finished
For Sale
$925,000
6 Angelo Place, Portchester, NY 10573
Two residential units offer distinct layouts, basement storage, and proximity to commuter rail and downtown amenities.
Property Size2,288 SF
Days on Market18
Property Features for 6 Angelo Place
General Information
Standard status
Active
Size
2,288 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$15,026
Amenities
deck
washer/dryer hookup
washer and dryer
finished basement
storage
solar panels
Building Details
Building Size
2,288 SF
Year Built
1986
Buildings
1
Listing Agency:
Howard Hanna Rand Realty
(347) 202-4965
Listed By:
Arlene N. Tejeda
Source:
Cottiemaxwellrealestate
Added: Aug 6
Changed: Aug 23
Last Checked: Aug 23 at 8:36AM
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 Howard Hanna Rand Realty
Investment Insights
Based on property information with market context.
This 1986 duplex contains two residential units with separate layouts and additional basement space. Unit 6A includes two bedrooms, two bathrooms, an eat-in kitchen, a kitchen-side deck, a first-floor bathroom, washer/dryer hookups, and a finished basement with storage and an extra room suitable for office use. Its roof was replaced in 2015, and solar panels were added. Unit 6B provides three bedrooms, two bathrooms, a separate dining area, a kitchen, and an installed washer and dryer, along with basement storage.
The lower level of Unit 6B includes an apartment with a private walkout. No C/O is currently in place for that space, and conversion to a third dwelling is the responsibility of the new owner. Unit 6A is subject to a solar-panel lease expiring in 2036. The property is 0.7 miles from the train station and close to downtown shopping and restaurants. The buildings are being sold as is.
The lower level of Unit 6B includes an apartment with a private walkout. No C/O is currently in place for that space, and conversion to a third dwelling is the responsibility of the new owner. Unit 6A is subject to a solar-panel lease expiring in 2036. The property is 0.7 miles from the train station and close to downtown shopping and restaurants. The buildings are being sold as is.
Key Highlights
- Two‑unit duplex built in 1986
- Unit 6A includes 2 bedrooms, 2 baths, an eat‑in kitchen, deck, finished basement, and office‑capable room
- Unit 6B offers 3 bedrooms, 2 baths, separate dining, and a basement apartment with private walkout
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
$44,565
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
4.82%
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%
$891,300
$891.3K
Cap Rate 7%
$636,643
$636.6K
Cap Rate 9%
$495,167
$495.2K
Market Conditions
NOI Build-Up for 2,288 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
$68.1K $29.76/SF
− Vacancy
−$4.4K −$1.93/SF
EGI
$63.7K $27.83/SF
− OpEx
−$19.1K −$8.35/SF
NOI
$44.6K $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%
$891,300
Cap Rate 7%
$636,643
Cap Rate 9%
$495,167
Alternative Uses
Best Use
Multifamily LT 5
$636.6K
$557.1K – $742.8K
NOI $44,565 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$560.6K
$490.5K – $654.1K
NOI $39,243 @ 7.0% cap · market cap 4.24%
Theoretical Best
Retail
$691.1K
$604.7K – $806.3K
NOI $48,379 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,608
Businesses Nearby
Explore this area
Business Placement
Demographics for 10573, NY
41,758
Population
14,592
Households
2.9
Avg Household Size
39
Median Age
44%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
7,592
Density / Sq Mi
$110,612
Median Household Income
$48,263
Median Earnings
$1,940
Median Rent
$649,900
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 - Two residential units offer distinct layouts, basement storage, and proximity to commuter rail and downtown amenities.
Where is this duplex located?
The property is located at 6 Angelo Place Portchester, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1986; Unit 6A includes 2 bedrooms, 2 baths, an eat‑in kitchen, deck, finished basement, and office‑capable room; Unit 6B offers 3 bedrooms, 2 baths, separate dining, and a basement apartment with private walkout
