Two-Unit Multifamily
738 Pelhamdale Avenue New Rochelle, NY 10801
738 Pelhamdale Avenue, New Rochelle, NY, 10801
$1,025,000
For Sale
$1,025,000
Two 3-bedroom, 2-bath units with a finished walk-out basement and separate entrance, plus a fenced yard and 2-car garage.
Property Size3,000 SF
Price / SF$341.67
Days on Market26
Property Features for 738 Pelhamdale Avenue
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1986
Listing agency
Douglas Elliman Real Estate
(718) 884-5815
Listed by
Sharene Long · License #10401315210
(718) 884-5815
Source
Compass
Added: Jun 27 Updated: Jul 21 at 4:02AM Checked: Jul 22 at 7:14AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This two-family property offers flexible living or rental income with two 3-bedroom, 2-full-bath units, each located on its own floor. The home also includes a fully finished, walk-out basement with its own separate entrance.
Outside, there is a fenced yard with a patio area for outdoor use. Additional on-site convenience includes a fully insulated finished 2-car garage and a driveway designed to hold four additional vehicles.
The property is being sold as-is, and inspection will be conducted for informational purposes only.
Outside, there is a fenced yard with a patio area for outdoor use. Additional on-site convenience includes a fully insulated finished 2-car garage and a driveway designed to hold four additional vehicles.
The property is being sold as-is, and inspection will be conducted for informational purposes only.
Key Highlights
- Two‑family home with two units, each with 3 bedrooms and 2 full bathrooms
- Fully finished walk‑out basement with its own separate entrance
- Primary bedroom on the main level; includes first‑floor bed and first‑floor full bath
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 | $89.3k | $29.76 |
| − Vacancy | −$5.8k | −$1.93 |
| EGI | $83.5k | $27.83 |
| − OpEx | −$25.0k | −$8.35 |
| NOI | $58.4k | $19.48 |
3,000 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$834.8K
$730.4K – $973.9K
NOI $58,434 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,455 @ 7.0% cap · market cap 5.02%
Theoretical Best
Retail
$906.2K
$792.9K – $1.06M
NOI $63,433 @ 7.0% cap · market cap 6.19%
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 3-bedroom, 2-bath units with a finished walk-out basement and separate entrance, plus a fenced yard and 2-car garage.
Where is this duplex located?
The property is located at 738 Pelhamdale Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Two‑family home with two units, each with 3 bedrooms and 2 full bathrooms; Fully finished walk‑out basement with its own separate entrance; Primary bedroom on the main level; includes first‑floor bed and first‑floor full bath
