Duplex with Multiple Living
For Sale
$1,150,000
11 Landscape Ave, Yonkers, NY 10705
Residential Income, Yonkers, NY
Property Size4,500 SF
Lot Size0.24 Acres
Price / SF$255.56
Days on Market48
Property Features for 11 Landscape Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Laundry Room, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Patio and Porch features
Deck, Patio
High school district
YONKERS CITY SCHOOL DISTRICT
Standard status
Active
Size
4,500 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Annual Amount
7418
Utilities
Heating system
Steam, Oil
Water source
Public
Amenities
outdoor entertainment space
Building Details
Year built
1900
Floors in Building
2
Flooring type
Hardwood
Listing Agency:
MAXIMO PROPERTIES LLC
Listed By:
Maximilian Sanchez · License #49SA0997567
(917) 405-3775
Added: Jul 29
Changed: Sep 12
Last Checked: Sep 14 at 9:06AM
MLS# 11909085
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,500-square-foot duplex, built in 1900, is legally classified as a two-family residence and includes eight bedrooms and five bathrooms. The interior offers multiple living areas along with generously sized living and dining rooms. Hardwood flooring, oil and steam heating, and public water service are among the documented property features.
Set on a 0.24-acre double lot in Yonkers, the property includes both a patio and deck for outdoor use. The site also provides ample parking. Its existing two-family classification and substantial room count support a range of household and residential income configurations, subject to buyer verification of current use, occupancy, and permitted uses.
Set on a 0.24-acre double lot in Yonkers, the property includes both a patio and deck for outdoor use. The site also provides ample parking. Its existing two-family classification and substantial room count support a range of household and residential income configurations, subject to buyer verification of current use, occupancy, and permitted uses.
Key Highlights
- 4,500 square feet with 8 bedrooms and 5 bathrooms
- Legally classified as a two‑family residence
- 0.24‑acre double lot in Yonkers
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$100,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,000,000
$2.0M
Cap Rate 7%
$1,428,571
$1.4M
Cap Rate 9%
$1,111,111
$1.1M
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$199.8K $44.40/SF
− Vacancy
−$18.0K −$4.00/SF
EGI
$181.8K $40.40/SF
− OpEx
−$81.8K −$18.18/SF
NOI
$100.0K $22.22/SF
Area
Yonkers, NY
Vacancy
9.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,000,000
Cap Rate 7%
$1,428,571
Cap Rate 9%
$1,111,111
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.81M
NOI $108,890 @ 7.0% cap · market cap 9.47%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,000 @ 7.0% cap · market cap 8.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,752
Businesses Nearby
Explore this area
Business Placement
Demographics for 10705, NY
41,785
Population
15,620
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
18,993
Density / Sq Mi
$68,616
Median Household Income
$40,717
Median Earnings
$1,602
Median Rent
$445,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with flexible interior spaces, outdoor areas, and parking on a double lot.
Where is this duplex located?
The property is located at 11 Landscape Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,500 square feet with 8 bedrooms and 5 bathrooms; Legally classified as a two‑family residence; 0.24‑acre double lot in Yonkers
