Building Details

Building Size 2,963 SF

Year Built 1910

Year Renovated 2024

Tenancy Multi

Listing Agency: C. J. Pagano & Sons, Inc.

Listed By: Christopher Krzeminski · License #10301223659 Show Phone

Source: Cottiemaxwellrealestate

Added: Jul 26 Changed: Oct 25 Last Checked: Oct 28 at 1:48PM

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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 C. J. Pagano & Sons, Inc.

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Investment Insights

Based on property information with market context.

Remodeled in 2024, this four-unit quadplex offers an income-oriented setup with all units currently occupied on month-to-month leases. Each unit is individually metered for electric, and the building is served by three heat zones, with the landlord covering heat for one unit. The property also features off-street parking and is identified by a 1910 build year.

Set on a quiet street on the Rye Brook/Port Chester border, the home is in the Port Chester School District. It’s within walking distance to Abendroth Park.

Additional transportation context is provided by the property’s BikeScore of 35 (somewhat bikeable), WalkScore of 44 (car-dependent), and TransitScore of 28 (some transit).

Key Highlights

• Remodeled in 2024
• Four units occupied on month‑to‑month leases
• Electric individually metered for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,713

Cap Rate

4.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,154,260 $1.2M

Cap Rate 7%

$824,471 $824.5K

Cap Rate 9%

$641,256 $641.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,963 SF

Gross rent

$88.2K $29.76/SF

− Vacancy

−$5.7K −$1.93/SF

EGI

$82.4K $27.83/SF

− OpEx

−$24.7K −$8.35/SF

NOI

$57.7K $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%

$1,154,260

Cap Rate 7%

$824,471

Cap Rate 9%

$641,256

Alternative Uses

Best Use

Multifamily LT 5

$824.5K

$721.4K – $961.9K (±1% cap)

NOI $57,713 @ 7.0% cap · market cap 4.12%

Second Best

Apartment 5plus

$726.0K

$635.3K – $847.0K (±1% cap)

NOI $50,821 @ 7.0% cap · market cap 3.63%

Theoretical Best

Retail

$895.0K

$783.1K – $1.04M (±1% cap)

NOI $62,651 @ 7.0% cap · market cap 4.48%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,505

Businesses Nearby

Explore this area Business Placement

Demographics for 10573, NY

41,758

Population

14,592

Households

2.9

Avg Household Size

39

Median Age

44%

College-Educated

83%

High-School Grad

5.5 sq mi

ZIP Area

7,592

Density / Sq Mi

$110,612

Median Household Income

$48,263

Median Earnings

$1,940

Median Rent

$649,900

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?

Quadplex - Four units are occupied on month-to-month leases, individually metered for electric, with off-street parking.

Where is this quadplex located?

The property is located at 95 Grant Street Rye Brook, NY.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Remodeled in 2024; Four units occupied on month‑to‑month leases; Electric individually metered for each unit