Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    42 Paula Avenue Yonkers, NY 10704

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    MULTI_FAMILY - Cape Cod - Yonkers, NY

    Lot size:
    0.12 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    141
    Last Refresh:
    Apr 30 at 4:06 pm

    Property Features for 42 Paula Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 3, Bedroom 4, Basement, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 2
    Parking features
    On Street
    Window features
    Aluminum Frames
    Interior features
    First Floor Bedroom, First Floor Full Bath
    Basement
    Unfinished
    Standard status
    Active
    APN
    1800-005-000-05237-000-0014-15
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13650

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Number of units
    4
    Flooring type
    Hardwood, Carpet
    Building materials
    Block
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Kieran Dwyer

    Listing agent Kieran Dwyer

    Listing office Double C Realty 1075 Yonkers Ave, Yonkers, NY

    Listing date Dec 10, 2025

    MLS# 942219 Listing URL

    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.

    Overview

    Legal Four Family Brick Home

    This legal four-family brick home is located in the heart of East Yonkers, approximately 25 minutes north of Manhattan. The property features one three-bedroom unit, two two-bedroom apartments, and one spacious one-bedroom apartment. It is positioned as an investment property in a prime location, centrally located near the Fleetwood train station, buses, Cross County shopping centers, and major parkways. The basement includes a coin-operated laundry room, a utility area, and storage space. The property, situated on a 0.12-acre lot, offers potential to maximize the rent roll. It is located in a neighborhood with reasonable taxes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.848387
    Latitude
    40.926198

    Nearby Similar for Sale

    • $2,995,000

      Yonkers Commercial Property with Income

      Mixed-use property with multiple spaces and income potential.
      161 Saw Mill River Road, Yonkers, NY 10701
      View Details
    • $899,000

      Yonkers Commercial Opportunity For Sale

      Commercial property with high visibility and parking in Yonkers, NY.
      2070 Central Park Avenue, Yonkers, NY 10710
      View Details
    • $619,000

      Yonkers Two-Family Duplex For Sale

      Well-maintained duplex in Yonkers, ideal for investors or owner-occupants.
      355 Upland Avenue, Yonkers, NY 10703
      View Details
    • $779,000

      Two-Family Home Near Manhattan

      Charming two-family home in Yonkers, 25 minutes from Manhattan.
      75 Woodlawn Avenue, Yonkers, NY 10704
      View Details
    • $769,000

      Yonkers Income Property Opportunity

      Two-unit property in Yonkers, ideal for investment or owner-occupancy.
      212 Kimball Avenue, Yonkers, NY 10704
      View Details
    • $789,999

      Yonkers Multi-Family Investment Property

      Three-family property in Yonkers with income potential and outdoor space.
      110 Beech Street, Yonkers, NY 10701
      View Details
    • $759,500

      Yonkers Two-Family Home For Sale

      Two-family home in good condition with yard and finished basement.
      116 Gavin Street, Yonkers, NY 10701
      View Details
    • $1,050,000

      Yonkers Commercial Building on Central Park

      Vacant corner commercial building with high visibility and parking.
      2132 Central Park Avenue, Yonkers, NY 10710
      View Details
    • $1,295,000
      3,511 SF

      915 Palmer Road; Bronxville, NY 10708

      Four-story, 3,511 SF medical/professional office near transportation and hospital.
      915 Palmer Rd, Unit Bronxville, Bronxville, NY 10708
      View Details
    • $949,000

      East Yonkers Two-Family Home

      Legal two-family residence on a double lot in East Yonkers.
      164 aka 166 Crescent Place, Yonkers, NY 10704
      View Details
    • $739,999

      Two-Family Home in Yonkers

      Two-family home near Metro-North with income potential.
      187 Woodland Ave, Yonkers, NY 10703
      View Details
    • $895,000

      Renovated Duplex in Yonkers

      Updated two-family duplex near Manhattan with income potential.
      42 Alder Street, Yonkers, NY 10701
      View Details

    FAQs

    What type of property is this?
    Quadplex - Legal 4-family brick home in East Yonkers, near Fleetwood.
    Where is this quadplex located?
    The property is located at 42 Paula Avenue Yonkers, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Legal 4‑family brick home in East Yonkers.; Prime location: close to Fleetwood train station, buses, Cross County shopping centers, and major parkways.; Multiple units: one 3‑bedroom, two 2‑bedroom, and one 1‑bedroom apartment.
    (914) 629-7649
    We can help!
    Listing Contact
    Kieran Dwyer
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!