Two-Unit Duplex with Finished
94 Washington Ave N, White Plains, NY 10603
For Sale
$1,250,000
Separate gas and electric meters serve each apartment, and the property will be delivered vacant.
Property Size2,542 SF
Price / SF$491.74
Days on Market25
Property Features for 94 Washington Ave N
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
in-unit laundry
garage
driveway parking
Building Details
Year Built
Buildings
Listing Agency:
Real Broker NY LLC
Listed By:
Shpresa Camaj
(855) 450-0442
Source:
Jaida.mappmyhome
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 7:23AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This 2,542-square-foot duplex, built in 1966, contains two apartments, each with three bedrooms and 1.5 bathrooms. Both units have renovated kitchens and bathrooms, oak hardwood flooring, recessed lighting, moldings and private laundry. A finished walkout basement adds usable space with direct outdoor access. Gas and electric are metered separately for each apartment, and the property is offered vacant.
Parking accommodates approximately 7 to 8 vehicles across the garage and driveway. Exterior improvements include landscaping, retaining walls and stairs. The property is in the Town of North Castle and served by Valhalla Schools. The North White Plains Metro-North station, restaurants, shopping and major highways are nearby; Manhattan is approximately 40 minutes away by train or car. The Bronx River Pathway and Kensico Dam Plaza are also nearby.
Parking accommodates approximately 7 to 8 vehicles across the garage and driveway. Exterior improvements include landscaping, retaining walls and stairs. The property is in the Town of North Castle and served by Valhalla Schools. The North White Plains Metro-North station, restaurants, shopping and major highways are nearby; Manhattan is approximately 40 minutes away by train or car. The Bronx River Pathway and Kensico Dam Plaza are also nearby.
Key Highlights
- Two apartments, each with 3 bedrooms and 1.5 bathrooms
- 2,542 square feet; built in 1966
- Finished walkout basement with direct outdoor access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,513
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,260
$990.3K
Cap Rate 7%
$707,329
$707.3K
Cap Rate 9%
$550,144
$550.1K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$75.6K $29.76/SF
− Vacancy
−$4.9K −$1.93/SF
EGI
$70.7K $27.83/SF
− OpEx
−$21.2K −$8.35/SF
NOI
$49.5K $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%
$990,260
Cap Rate 7%
$707,329
Cap Rate 9%
$550,144
Alternative Uses
Best Use
Multifamily LT 5
$707.3K
$618.9K – $825.2K
NOI $49,513 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$622.9K
$545.0K – $726.7K
NOI $43,600 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,650 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
577
Businesses Nearby
Explore this area
Business Placement
Demographics for 10603, NY
18,033
Population
7,624
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
88%
High-School Grad
3.4 sq mi
ZIP Area
5,304
Density / Sq Mi
$121,450
Median Household Income
$56,466
Median Earnings
$1,905
Median Rent
$499,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate gas and electric meters serve each apartment, and the property will be delivered vacant.
Where is this duplex located?
The property is located at 94 Washington Ave N White Plains, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1.5 bathrooms; 2,542 square feet; built in 1966; Finished walkout basement with direct outdoor access
