Legal Two-Family Home with
68 Leland Avenue New Rochelle, NY 10805
68 Leland Avenue, New Rochelle, NY, 10805
$999,000
Pending
For Sale
$999,000
Pending
Legal two-family residence with three- and two-bedroom units, finished basement and attic, plus parking and a two-car garage.
Property Size2,295 SF
Days on Market36
Property Features for 68 Leland Avenue
General Information
- Standard status
- Pending
- Size
- 2,295 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1895
Listing agency
Century 21 Marciano
(914) 235-4996
Listed by
Louise Del Giudice
(914) 235-4996
Source
Compass
Added: Jun 17 Updated: Jul 21 at 5:56AM Checked: Jul 21 at 5:56AM
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 Century 21 Marciano
Investment Insights
Based on property information with market context.
68 Leland Avenue is a legal two-family home configured with a three-bedroom unit and a two-bedroom unit. The three-bedroom layout includes an eat-in kitchen with granite countertops and a door leading to a rear deck, along with a large living room. The property also features two massive bonus areas, a fully finished attic, and a fully finished basement offering flexible living space, ample storage, and laundry, along with an undated oil tank and utilities with independent accessibility.
Outside, the property sits on a 50’ x 195’ lot and includes a two-car garage and a large backyard. There is also a wine cellar. The home is being delivered vacant as-is.
This listing presents a versatile income-producing residential asset with dedicated interior spaces and substantial finished areas beyond the primary living levels.
Outside, the property sits on a 50’ x 195’ lot and includes a two-car garage and a large backyard. There is also a wine cellar. The home is being delivered vacant as-is.
This listing presents a versatile income-producing residential asset with dedicated interior spaces and substantial finished areas beyond the primary living levels.
Key Highlights
- Legal two‑family home with 3‑bedroom and 2‑bedroom units
- Finished full basement with walk‑out access, storage space, and in‑basement laundry
- Full finished attic with stairs for additional living/office/studio space
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 | $68.3k | $29.76 |
| − Vacancy | −$4.4k | −$1.93 |
| EGI | $63.9k | $27.83 |
| − OpEx | −$19.2k | −$8.35 |
| NOI | $44.7k | $19.48 |
2,295 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$638.6K
$558.8K – $745.0K
NOI $44,702 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$562.3K
$492.0K – $656.1K
NOI $39,363 @ 7.0% cap · market cap 3.94%
Theoretical Best
Retail
$693.2K
$606.6K – $808.8K
NOI $48,527 @ 7.0% cap · market cap 4.86%
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 - Legal two-family residence with three- and two-bedroom units, finished basement and attic, plus parking and a two-car garage.
Where is this duplex located?
The property is located at 68 Leland Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal two‑family home with 3‑bedroom and 2‑bedroom units; Finished full basement with walk‑out access, storage space, and in‑basement laundry; Full finished attic with stairs for additional living/office/studio space
