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107 Sterling Avenue

Harrison, NY 10528

$1,299,999 $5,480/Mo

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Overview

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Bath

Description

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.

Property Details

Property Type : Residential Income

Price : $1,299,999

AD Id : 80523664

MLS Id : 1008899

Beds : 5

Year Built : 1954

Garage : 2

County : Westchester

Map

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Nearby Areas

Features

Bedroom Information

Total beds: 5

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Basement: Finished
Heating & Cooling

Has Heating: Yes Heating: Natural Gas Cooling: None

Building Information

Year Built: 1954 Building Area Total: 2476 Construction Materials: Aluminum Siding, Brick Private Pool: No

Lot Information

Lot Size Square Feet: 8276

Listing Price Information

Listing Price: $1299999

Tax Information

Parcel Number: 000006580 Annual Tax: $9600

Parking Information

Parking Total: 4 Driveway, Garage

Garage Information

Has Garage: Yes Garage Space: 2

School Information

Elementary School: Parsons Memorial

Junior High School: Louis M Klein Middle School

Senior High School: Harrison High School
Utility Information

Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
89 Frances Avenue, Harrison, NY, 10528	$1,299,000	6	4	--
25 Fremont Street, Harrison, NY, 10528	$1,600,000	9	4	--

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/09/2026 @ 07:27

MLS: 1008899 LISTED BY: Edward Stephens, Find Real Estate LLC 212-300-6412 SOURCE: OneKey MLS