Two-Family Income Property with
63 Wallace Street Tuckahoe, NY 10707
New
63 Wallace Street, Tuckahoe, NY, 10707
$879,000
Pending
For Sale
$879,000
Pending
Two separate driveways, a detached two-car garage, and a full basement support two rental units on one lot.
Property Size2,198 SF
Lot Size0.14 Acres
Days on Market3
Property Features for 63 Wallace Street
General Information
- Standard status
- Pending
- Size
- 2,198 SF
- Lot size
- 0.14 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1894
Listing agency
Houlihan & O'Malley R. E. Serv
(914) 337-7888
Listed by
Raymond E. Inello
(914) 337-7888
Source
Compass
Added: Jul 20 Updated: Jul 21 at 6:24PM Checked: Jul 21 at 6:24PM
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 Houlihan & O'Malley R. E. Serv
Investment Insights
Based on property information with market context.
This two-family investment property offers two independent units with dedicated parking arrangements. The improvements include a second driveway, a newly updated roof with gutters and leaders, Belgium block curbing and new blue stone front steps and walkway, and a new sewer line. Solar panels are also noted with 50-year warranties.
The first-floor unit features a large one-bedroom layout with an eat-in kitchen, living room, den, storage room, and a full basement with storage and laundry, plus access to outdoor space and a separate driveway. The second-floor unit is described as a duplex configuration with one bedroom on the second floor and two bedrooms on the third floor, with a newly renovated bathroom, living and dining areas, kitchen, in-unit laundry, and its own driveway and parking.
Set on an oversized lot, the property is positioned in the heart of the Village of Tuckahoe, with a short walk to Metro-North access, as well as shops, restaurants, and parks.
The first-floor unit features a large one-bedroom layout with an eat-in kitchen, living room, den, storage room, and a full basement with storage and laundry, plus access to outdoor space and a separate driveway. The second-floor unit is described as a duplex configuration with one bedroom on the second floor and two bedrooms on the third floor, with a newly renovated bathroom, living and dining areas, kitchen, in-unit laundry, and its own driveway and parking.
Set on an oversized lot, the property is positioned in the heart of the Village of Tuckahoe, with a short walk to Metro-North access, as well as shops, restaurants, and parks.
Key Highlights
- Two‑family investment property with two separate driveways and a detached two‑car garage.
- Oversized 62.5 x 100 lot in the Village of Tuckahoe, with east exposure.
- First‑floor unit features 1 bedroom, eat‑in kitchen, bath, living room and den, plus full basement storage/laundry and outdoor space access.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.1k | $37.80 |
| − Vacancy | −$7.1k | −$3.23 |
| EGI | $76.0k | $34.57 |
| − OpEx | −$22.8k | −$10.37 |
| NOI | $53.2k | $24.20 |
2,198 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$759.8K
$664.8K – $886.4K
NOI $53,186 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,844 @ 7.0% cap · market cap 5.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate driveways, a detached two-car garage, and a full basement support two rental units on one lot.
Where is this duplex located?
The property is located at 63 Wallace Street Tuckahoe, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two‑family investment property with two separate driveways and a detached two‑car garage.; Oversized 62.5 x 100 lot in the Village of Tuckahoe, with east exposure.; First‑floor unit features 1 bedroom, eat‑in kitchen, bath, living room and den, plus full basement storage/laundry and outdoor space access.
