Building Details

Building Size 2,828 SF

Year Built 1927

Buildings 1

Units 3

Listed By: Daniel Bucci Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 2:01PM

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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 Daniel Bucci

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Investment Insights

Based on property information with market context.

Built in 1927, this triplex includes a west-side duplex with three bedrooms and 1.5 bathrooms, plus two east-side apartments, each with one bedroom and one bathroom. The duplex measures 1,450 square feet and has an interior staircase to a 425-square-foot unfinished basement with laundry and access to a two-car garage. The first-floor apartment also connects to an unfinished basement with laundry and a one-car garage. The duplex is available for immediate move-in.

The property is near Douglas Park, the Old Croton Aqueduct Trail, and The Rockefeller State Park Preserve. Shops and restaurants in the village center are within walking distance, as is the Philipse Manor train station, which offers 39-minute express service to Grand Central. The listing also reports a walk score of 77 and a bike score of 49.

Key Highlights

• Three‑unit layout: one 3‑bedroom, 1.5‑bath duplex and two 1‑bedroom, 1‑bath apartments
• Duplex measures 1,450 SqFt and includes a 425 SqFt unfinished basement
• Duplex basement has laundry and access to a 2‑car garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,084

Cap Rate

4.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,101,680 $1.1M

Cap Rate 7%

$786,914 $786.9K

Cap Rate 9%

$612,044 $612.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,828 SF

Gross rent

$84.2K $29.76/SF

− Vacancy

−$5.5K −$1.93/SF

EGI

$78.7K $27.83/SF

− OpEx

−$23.6K −$8.35/SF

NOI

$55.1K $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%

$1,101,680

Cap Rate 7%

$786,914

Cap Rate 9%

$612,044

Alternative Uses

Best Use

Multifamily LT 5

$786.9K

$688.6K – $918.1K (±1% cap)

NOI $55,084 @ 7.0% cap · market cap 4.41%

Second Best

Apartment 5plus

$692.9K

$606.3K – $808.4K (±1% cap)

NOI $48,505 @ 7.0% cap · market cap 3.88%

Theoretical Best

Retail

$854.2K

$747.5K – $996.6K (±1% cap)

NOI $59,797 @ 7.0% cap · market cap 4.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Auto Parts Store Home Appliance Store Florist Garden Center

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

3

Residential units

Location Intelligence

Trade Area within ½ mile

765

Businesses Nearby

Explore this area Business Placement

Demographics for 10591, NY

23,301

Population

10,566

Households

2.2

Avg Household Size

41

Median Age

54%

College-Educated

87%

High-School Grad

9.4 sq mi

ZIP Area

2,479

Density / Sq Mi

$103,480

Median Household Income

$61,537

Median Earnings

$1,943

Median Rent

$661,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - A three-bedroom residence with basement laundry and a two-car garage anchors this three-unit property.

Where is this triplex located?

The property is located at 7 Holland Ave Sleepy Hollow, NY.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Three‑unit layout: one 3‑bedroom, 1.5‑bath duplex and two 1‑bedroom, 1‑bath apartments; Duplex measures 1,450 SqFt and includes a 425 SqFt unfinished basement; Duplex basement has laundry and access to a 2‑car garage