Two-Unit Colonial with
For Sale
$1,125,000
Pending
82 Clove Rd, New Rochelle, NY 10801
Legal duplex with separate entrances, flexible office space, a two-car garage, and landscaped outdoor areas.
Property Size2,430 SF
Days on Market95
Property Features for 82 Clove Rd
General Information
Standard status
Pending
Size
2,430 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$17,619
Building Details
Buildings
1
Stories
3
Building Size
2,430 SF
Construction
Colonial
Listing Agency:
Century 21 Marciano
(914) 707-1026
Listed By:
Anthony F. Marciano
(914) 707-1026
Source:
Exprealty
Added: May 27
Changed: Aug 28
Last Checked: Aug 28 at 9:05PM
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.
This legal two-family Colonial provides approximately 2,430 square feet across two residential units, along with a separately entered office area and full bath. The first residence includes two bedrooms, one full bath, a living room, and an eat-in kitchen with green marble counters. The second unit spans the upper levels and offers three bedrooms, two full baths, a living room, and a kitchen. A full basement provides laundry, storage, the furnace, and a recently updated water heater. Two Mr. Cool ductless split systems serve the upper floors.
A long driveway leads to a two-car garage, while the rear of the property includes a large patio and landscaped yard with a rose garden. The property is located at 82 Clove Rd in New Rochelle, approximately one mile from the New Rochelle Metro-North station. Grand Central is roughly 35 minutes away.
A long driveway leads to a two-car garage, while the rear of the property includes a large patio and landscaped yard with a rose garden. The property is located at 82 Clove Rd in New Rochelle, approximately one mile from the New Rochelle Metro-North station. Grand Central is roughly 35 minutes away.
Key Highlights
- Legal two‑family Colonial with approximately 2,430 square feet of livable space
- First unit includes 2 bedrooms, a full bath, living room, and eat‑in kitchen
- Second unit spans two floors with 3 bedrooms and 2 full baths
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
$47,331
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
4.21%
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%
$946,620
$946.6K
Cap Rate 7%
$676,157
$676.2K
Cap Rate 9%
$525,900
$525.9K
Market Conditions
NOI Build-Up for 2,430 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
$72.3K $29.76/SF
− Vacancy
−$4.7K −$1.93/SF
EGI
$67.6K $27.83/SF
− OpEx
−$20.3K −$8.35/SF
NOI
$47.3K $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 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%
$946,620
Cap Rate 7%
$676,157
Cap Rate 9%
$525,900
Alternative Uses
Best Use
Multifamily LT 5
$676.2K
$591.6K – $788.9K
NOI $47,331 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$595.4K
$521.0K – $694.7K
NOI $41,679 @ 7.0% cap · market cap 3.70%
Theoretical Best
Retail
$734.0K
$642.3K – $856.4K
NOI $51,381 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with separate entrances, flexible office space, a two-car garage, and landscaped outdoor areas.
Where is this duplex located?
The property is located at 82 Clove Rd New Rochelle, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Legal two‑family Colonial with approximately 2,430 square feet of livable space; First unit includes 2 bedrooms, a full bath, living room, and eat‑in kitchen; Second unit spans two floors with 3 bedrooms and 2 full baths
