Three-Unit Multifamily
For Sale
$629,000
7 Holly Tree Rd, Stamford, NY 12167
Fully occupied apartments offer separate entrances, individual metering, and private yard access for each household.
Property Size5,000 SF
Price / SF$125.80
Days on Market220
Property Features for 7 Holly Tree Rd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 4BR/1BA, 1 x 4BR/2BA, 1 x 5BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$60,000
Taxes and HOA fees
Annual Taxes
$6,747
Listing Agency:
Better Spaces Realty
(518) 312-7334
Listed By:
Tammy A Silvestri-Putnam · License #10371200424
(518) 312-7334
Source:
Exprealty
Added: Jan 12
Changed: Aug 20
Last Checked: Aug 20 at 6:04AM
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 Better Spaces Realty
Investment Insights
Based on property information with market context.
This triplex contains 5,000 square feet across three apartments totaling 13 bedrooms and 5 bathrooms. The unit mix includes one four-bedroom, one-bath apartment; one four-bedroom, two-bath apartment; and one five-bedroom, two-bath apartment. Each residence has a private entrance and access to the yard. The property has a new roof and two new furnaces, with separate heat sources for all apartments.
Utilities are separately metered, and tenants pay their own heat and electric costs. The building is fully occupied. Landlord responsibilities include lawn care and snow removal. Additional space is identified for either development of another rental unit or landlord storage. The property is located at 7 Holly Tree Rd in Stamford, NY.
Utilities are separately metered, and tenants pay their own heat and electric costs. The building is fully occupied. Landlord responsibilities include lawn care and snow removal. Additional space is identified for either development of another rental unit or landlord storage. The property is located at 7 Holly Tree Rd in Stamford, NY.
Key Highlights
- Three apartments totaling 13 bedrooms and 5 bathrooms
- 5,000‑square‑foot triplex with 4‑bedroom, 4‑bedroom, and 5‑bedroom units
- New roof and 2 new furnaces
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
$53,071
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
8.44%
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%
$1,061,420
$1.1M
Cap Rate 7%
$758,157
$758.2K
Cap Rate 9%
$589,678
$589.7K
Market Conditions
NOI Build-Up for 5,000 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
$102.0K $20.40/SF
− Vacancy
−$5.5K −$1.10/SF
EGI
$96.5K $19.30/SF
− OpEx
−$43.4K −$8.68/SF
NOI
$53.1K $10.61/SF
Area
Delaware County, NY
Vacancy
5.40%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,061,420
Cap Rate 7%
$758,157
Cap Rate 9%
$589,678
Alternative Uses
Best Use
Multifamily LT 5
$828.5K
$724.9K – $966.6K
NOI $57,994 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$758.2K
$663.4K – $884.5K
NOI $53,071 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,720 @ 7.0% cap · market cap 27.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 12167, NY
2,342
Population
1,486
Households
1.6
Avg Household Size
52
Median Age
21%
College-Educated
91%
High-School Grad
53.5 sq mi
ZIP Area
44
Density / Sq Mi
$58,950
Median Household Income
$31,481
Median Earnings
$838
Median Rent
$192,400
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?
Triplex - Fully occupied apartments offer separate entrances, individual metering, and private yard access for each household.
Where is this triplex located?
The property is located at 7 Holly Tree Rd Stamford, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Three apartments totaling 13 bedrooms and 5 bathrooms; 5,000‑square‑foot triplex with 4‑bedroom, 4‑bedroom, and 5‑bedroom units; New roof and 2 new furnaces
