Waterfront
For Sale
$800,000
903 Howard Avenue, Mamaroneck, NY 10543
Two residences each provide a two-bedroom, one-bath layout, with a patio beside a Mamaroneck River channel.
Property Size1,792 SF
Price / SF$446.43
Days on Market186
Property Features for 903 Howard Avenue
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,800
Amenities
private backyard patio
Ceiling Fan(s)
Building Details
Building Size
1,792 SF
Year Built
1932
Buildings
1
Units
2
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Apr 23
Changed: Oct 23
Last Checked: Oct 23 at 5:54PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
This 1,792-square-foot duplex, built in 1932, contains two separate residences, each with two bedrooms and one bathroom. The first-floor home has an updated eat-in kitchen with quartz counters and stainless steel appliances. Upstairs, the kitchen features granite counters and stainless steel appliances. A backyard patio faces a channel of the Mamaroneck River, and the property occupies a corner lot.
Harbor Island Park, with beaches, waterfront trails, and open green space, is minutes away. Restaurants, cafes, shops, and parks are also nearby, and Metro-North Railroad provides a connection for travel to New York City.
Harbor Island Park, with beaches, waterfront trails, and open green space, is minutes away. Restaurants, cafes, shops, and parks are also nearby, and Metro-North Railroad provides a connection for travel to New York City.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,792‑square‑foot duplex built in 1932
- First‑floor kitchen updated with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,904
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,080
$698.1K
Cap Rate 7%
$498,629
$498.6K
Cap Rate 9%
$387,822
$387.8K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$53.3K $29.76/SF
− Vacancy
−$3.5K −$1.93/SF
EGI
$49.9K $27.83/SF
− OpEx
−$15.0K −$8.35/SF
NOI
$34.9K $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%
$698,080
Cap Rate 7%
$498,629
Cap Rate 9%
$387,822
Alternative Uses
Best Use
Multifamily LT 5
$498.6K
$436.3K – $581.7K
NOI $34,904 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$439.1K
$384.2K – $512.3K
NOI $30,736 @ 7.0% cap · market cap 3.84%
Theoretical Best
Retail
$541.3K
$473.6K – $631.5K
NOI $37,891 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Explore this area
Business Placement
Demographics for 10543, NY
21,296
Population
8,141
Households
2.6
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
4,953
Density / Sq Mi
$128,418
Median Household Income
$69,176
Median Earnings
$2,030
Median Rent
$710,000
Median Home Value
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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 - Two residences each provide a two-bedroom, one-bath layout, with a patio beside a Mamaroneck River channel.
Where is this duplex located?
The property is located at 903 Howard Avenue Mamaroneck, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,792‑square‑foot duplex built in 1932; First‑floor kitchen updated with quartz countertops and stainless steel appliances
