107 Sterling Avenue, Harrison, NY 10528
Local realty services provided by:CENTURY 21 ICON
107 Sterling Avenue,Harrison, NY 10528
$1,299,999
- 5 Beds
- 3 Baths
- 2,476 sq. ft.
- Multi-family
- Pending
Listed by: edward s. stephens
Office: find real estate llc.
MLS#:1008899
Source:OneKey MLS
Price summary
- Price:$1,299,999
- Price per sq. ft.:$525.04
About this home
Multi-Family Investment Property With Development Potential:
The existing multi-family home has approximately 2,476 sq. ft. of living space and includes two apartments plus a two-car garage. This 2-unit multi-family home sits on an oversized 8,276 sq. ft. lot with approximately 80 feet of frontage, located in a B Two-Family Residential District.
The property is currently used as a two-family investment property and offers multiple options: renovate and increase rents, owner-occupy with rental income, hold for future upside, or immediately explore redevelopment into a new two-family townhouse.
Apartment 1 includes the first floor, addition over the garage, and lower level. It is approximately 1,600 sq. ft. and features 3 bedrooms, 2 full baths, a living room, an eat-in kitchen, a dining area, a den or 4th bedroom, an office area, and a finished flexible lower-level space.
The lower level includes two rooms, plus kitchen infrastructure, a laundry area, and a former full bath that has been removed, but plumbing is capped for a potential full bath & laundry area restoration.
Apartment 2 is located on the second floor and is approximately 850 sq. ft., featuring 2 bedrooms and 1 full bath. The property has strong multi-family infrastructure, including two gas boilers, two gas meters, two hot water tanks, two electric meters, and one water main/meter.
Potential investment strategies include renovating both units to increase the total rent roll to approximately $8,500 to $11,000 per month depending on renovations, or immediately explore redevelopment into a side-by-side two-family townhouse of approximately 3200 sq ft per side (2 x 3200 sq ft = 6400 total sq ft) with 4 to 5 bedrooms and 3.5 to 4.5 baths per side.
New-construction 4- to 5-bedroom, 3200 square feet per side townhouse (3200 SqFt x 2 units = 6400 SqFt) rentals in the area rent for approximately $9,000 to $11,000 per side per month depending on location, finishings, and market conditions. This provides a Total Gross Rental Income of approximately $18,000 to $22,000 a month subject to finishes and market conditions. The Gross Development Value is approximately $3.617 million at a 6 percent cap rate, based on a Gross Rent Roll of $21,000 a month and approximately $30,000 to $35,000 in expenses (Taxes, Insurance, Etc.).
Conveniently located near the train for an effortless commute into NYC Grand Central; close to downtown Harrison, I-95, Hutchinson River Parkway, I-287, award-winning schools, golf courses, beach and tennis clubs, and the Sound Shore area.
The buyer, architect, attorney, and municipality should independently verify all zoning, rental projections, lower-level use, bedroom count, and redevelopment potential....
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Home facts
- Year built:1954
- Listing ID #:1008899
- Added:52 day(s) ago
- Updated:July 29, 2026 at 09:23 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Basement Description:Finished
- Living area:2,476 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1954
- Building area:2,476 sq. ft.
- Lot area:0.19 Acres
- Construction Materials:Aluminum Siding, Brick
Schools
- High school:Harrison High School
- Middle school:Louis M Klein Middle School
- Elementary school:Parsons Memorial
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,299,999
- Price per sq. ft.:$525.04
- Tax amount:$9,600 (2025)
Parking
- Total parking spaces:4
- Parking description:Driveway, Garage
- Garage:Yes
- Garage spaces:2
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