Two-Unit Duplex with Finished
For Sale
$889,000
132 Burhans Avenue, Yonkers, NY 10701
Residential Income, Yonkers, NY
Property Size2,400 SF
Lot Size0.17 Acres
Price / SF$370.42
Days on Market11
Property Features for 132 Burhans Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 7, Bedroom 2, Bathroom 3, Bedroom 5
Parking features
Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Open Floorplan, Open Kitchen, Storage
Basement
Finished, Walk-Out Access
Elementary school
Yonkers (School Choice)
Middle school
Yonkers (School Choice)
High school
Yonkers (School Choice)
Elementary school district
Yonkers
Middle school district
Yonkers
High school district
Yonkers
Standard status
Active
APN
1800-002-000-02373-000-0017
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15200
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
finished basement
private backyard
patio
storage
wine cellar
Building Details
Year built
1956
Number of units
2
Building materials
Frame
Additional Structures
Storage
Listing Agency:
At Home With Yara Realty
(914) 372-1404
Listed By:
Yara Annechiarico · License #11111111111111111111
(917) 295-5330
Added: Aug 26
Changed: Sep 5
Last Checked: Sep 5 at 10:06AM
MLS# 1043396
Copyright © 2026 OneKey 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 1956 frame duplex provides a two-family configuration with generously sized rooms, hardwood floors, and natural light throughout the living areas. The property includes a finished basement with its own entrance, first-floor bedroom and full bath features, eat-in and open kitchen areas, and additional storage. A wine cellar is also included. Exterior amenities consist of a private backyard, patio, one-car garage, and driveway parking.
The property occupies a 64' x 100' lot, or 0.17 acres, with public water and public sewer service. Window and wall/window unit cooling and oil heat are listed. The home is located near shopping, dining, parks, schools, public transportation, major roadways, malls, and Empire City Casino. The layout is positioned for either owner occupancy or continued residential income use.
The property occupies a 64' x 100' lot, or 0.17 acres, with public water and public sewer service. Window and wall/window unit cooling and oil heat are listed. The home is located near shopping, dining, parks, schools, public transportation, major roadways, malls, and Empire City Casino. The layout is positioned for either owner occupancy or continued residential income use.
Key Highlights
- Two‑family duplex configuration on a 64' x 100' lot
- Finished basement with separate entrance
- 0.17‑acre lot with private backyard and patio
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
$58,074
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
6.53%
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%
$1,161,480
$1.2M
Cap Rate 7%
$829,629
$829.6K
Cap Rate 9%
$645,267
$645.3K
Market Conditions
NOI Build-Up for 2,400 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
$90.7K $37.80/SF
− Vacancy
−$7.8K −$3.23/SF
EGI
$83.0K $34.57/SF
− OpEx
−$24.9K −$10.37/SF
NOI
$58.1K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,161,480
Cap Rate 7%
$829,629
Cap Rate 9%
$645,267
Alternative Uses
Best Use
Multifamily LT 5
$829.6K
$725.9K – $967.9K
NOI $58,074 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$761.9K
$666.7K – $888.9K
NOI $53,333 @ 7.0% cap · market cap 6.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Frame two-family property with separate-entry basement, private outdoor space, garage, and driveway parking.
Where is this duplex located?
The property is located at 132 Burhans Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Two‑family duplex configuration on a 64' x 100' lot; Finished basement with separate entrance; 0.17‑acre lot with private backyard and patio
