Two-Unit
For Sale
$625,000
8 Wells Woods Lane, Brewster, NY 10509
Each residence has two levels, with a full unfinished basement below.
Property Size2,448 SF
Price / SF$255.31
Days on Market47
Property Features for 8 Wells Woods Lane
General Information
Standard status
Active
Size
2,448 SF
Total Parking Spaces
6
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/2.5BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,216
Amenities
Galley Type Kitchen
Open Floorplan
Washer/Dryer Hookup
Building Details
Building Size
2,448 SF
Year Built
1989
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Houlihan Lawrence Inc.
(845) 279-6800
Listed By:
Mark Anderson
(845) 721-9405
Source:
Halknopfrealty
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 24 at 2:53PM
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 Lawrence Inc.
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Investment Insights
Based on property information with market context.
This 2,448-square-foot duplex contains two residences, each arranged across two levels, with a full unfinished basement. The first floor includes a kitchen, dining area, living room and half bath; upstairs, each unit has two bedrooms and two full baths. The property was built in 1989. One residence uses oil heat, while the other has propane heat.
Both units have long-term tenants who would like to remain. The property is within walking distance of the train and shops, with access to I-684 and I-84.
Both units have long-term tenants who would like to remain. The property is within walking distance of the train and shops, with access to I-684 and I-84.
Key Highlights
- Two residences, each with two bedrooms and two full baths
- 2,448 square feet; built in 1989
- Full unfinished basement level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,518
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,360
$810.4K
Cap Rate 7%
$578,829
$578.8K
Cap Rate 9%
$450,200
$450.2K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$3.8K −$1.55/SF
EGI
$57.9K $23.65/SF
− OpEx
−$17.4K −$7.09/SF
NOI
$40.5K $16.55/SF
Area
Putnam County, NY
Vacancy
6.17%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,360
Cap Rate 7%
$578,829
Cap Rate 9%
$450,200
Alternative Uses
Best Use
Apartment 5plus
$854.9K
$748.0K – $997.3K
NOI $59,840 @ 7.0% cap · market cap 9.57%
Second Best
Multifamily LT 5
$578.8K
$506.5K – $675.3K
NOI $40,518 @ 7.0% cap · market cap 6.48%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,300 @ 7.0% cap · market cap 18.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 10509, NY
19,501
Population
7,839
Households
2.5
Avg Household Size
44
Median Age
43%
College-Educated
91%
High-School Grad
36.1 sq mi
ZIP Area
540
Density / Sq Mi
$120,987
Median Household Income
$59,048
Median Earnings
$1,836
Median Rent
$430,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two levels, with a full unfinished basement below.
Where is this duplex located?
The property is located at 8 Wells Woods Lane Brewster, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two residences, each with two bedrooms and two full baths; 2,448 square feet; built in 1989; Full unfinished basement level
