Building Details

Building Size 2,182 SF

Year Built 1959

Units 2

Listing Agency: Compass Greater NY, LLC m***@compass.com Show Phone

Listed By: Alexis M. Cook Show Phone

Source: Halknopfrealty

Added: Oct 1 Changed: Oct 27 Last Checked: Oct 26 at 10:22PM

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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 Compass Greater NY, LLC

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Investment Insights

Based on property information with market context.

Built in 1959, this 2,182-square-foot duplex includes a three-bedroom main residence and a separate legal two-bedroom apartment with its own kitchen and living area. The property has five bedrooms and two full bathrooms overall. A covered front porch, paved driveway, fenced backyard, and lawn provide additional outdoor space. Hardwood flooring is present in the main living areas and beneath the bedroom carpeting in the primary residence; the home also has a wood-burning fireplace and a new roof.

The property is on a dead-end street with views of Lake Meahagh. The Hudson River and waterfront parks are within walking distance, and Cortlandt Metro-North Station is approximately 3 miles away, with service to New York City.

Key Highlights

• Legal two‑bedroom apartment has its own kitchen and living area
• Main residence includes three bedrooms; five bedrooms and two full bathrooms total
• 2,182 square feet; built in 1959

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,501

Cap Rate

5.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$850,020 $850.0K

Cap Rate 7%

$607,157 $607.2K

Cap Rate 9%

$472,233 $472.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,182 SF

Gross rent

$64.9K $29.76/SF

− Vacancy

−$4.2K −$1.93/SF

EGI

$60.7K $27.83/SF

− OpEx

−$18.2K −$8.35/SF

NOI

$42.5K $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%

$850,020

Cap Rate 7%

$607,157

Cap Rate 9%

$472,233

Alternative Uses

Best Use

Multifamily LT 5

$607.2K

$531.3K – $708.4K (±1% cap)

NOI $42,501 @ 7.0% cap · market cap 5.32%

Second Best

Apartment 5plus

$534.6K

$467.8K – $623.8K (±1% cap)

NOI $37,425 @ 7.0% cap · market cap 4.68%

Theoretical Best

Retail

$659.1K

$576.7K – $769.0K (±1% cap)

NOI $46,137 @ 7.0% cap · market cap 5.77%

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

Property Analytics

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

Explore this area Business Placement

Demographics for 10596, NY

1,519

Population

450

Households

3.4

Avg Household Size

43

Median Age

42%

College-Educated

95%

High-School Grad

0.6 sq mi

ZIP Area

2,532

Density / Sq Mi

$81,893

Median Household Income

$81,321

Median Earnings

$1,769

Median Rent

$448,900

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?

Duplex - A three-bedroom primary residence is paired with a separate two-bedroom apartment, each with its own living space.

Where is this duplex located?

The property is located at 83 7th Street Verplanck, NY.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: Legal two‑bedroom apartment has its own kitchen and living area; Main residence includes three bedrooms; five bedrooms and two full bathrooms total; 2,182 square feet; built in 1959