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    Immaculate Two-Family Home in Yonkers Title is generated by Realmo AI

    96 Wakefield Avenue, Yonkers, NY 10704

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    For Sale
    $749,000

    MULTI_FAMILY - Colonial - Yonkers, NY

    Lot size:
    0.03 Acres
    Added:
    May 28, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 4 at 6:06 pm

    Property Features for 96 Wakefield Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Basement
    Window features
    Aluminum Frames
    Patio and Porch features
    Deck, Patio
    Interior features
    First Floor Bedroom, First Floor Full Bath, Built-in Features, Ceiling Fan(s), Chefs Kitchen, Crown Molding, Eat-in Kitchen, Granite Counters, Original Details, Recessed Lighting, Washer/Dryer Hookup
    Basement
    Unfinished, Storage Space
    Standard status
    Active
    APN
    1800-006-000-06264-000-0039
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    6485

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Hardwood, Wood, Tile - Ceramic
    Building materials
    Shingle Siding, Vinyl Siding
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Kieran Dwyer

    Listing agent Kieran Dwyer

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

    Listing date May 28, 2026

    MLS# 1005536 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.

    HighLights

    • 2‑family home in the McLean Heights section of Yonkers, about 25 minutes north of Manhattan
    • 1st‑floor unit: 1 bedroom with open‑concept living area and updated kitchen with granite counters
    • 2nd‑floor unit: 2 bedrooms with eat‑in kitchen, crown molding, and sliding door access to a private deck
    • Lower level includes basement with laundry area, utility room, and ample storage with potential for additional finished living space
    • Central air in both units; major updates include updated siding, roof, windows, and electrical panels
    • Outdoor space includes a deck, patio, and backyard patio area; public water and public sewer

    Overview

    This two-family home is located in the McLean Heights section of Yonkers, approximately 25 minutes north of Manhattan. The first-floor apartment features a one-bedroom layout with high ceilings, new flooring, an open-concept living room, an updated kitchen with granite countertops and stainless steel appliances, and a modern bathroom. The second-floor apartment offers a two-bedroom layout with a large eat-in kitchen, crown moldings, and sliding door access to a private deck. The lower level provides potential for additional finished living space and includes a laundry area, utility room, and storage. Both units have central air conditioning. Additional improvements include updated siding, roof, windows, and electrical panels. The backyard is designed for outdoor enjoyment, featuring a patio area. The property is located near Metro-North trains, express buses, shopping, dining, and major parkways, with access to New York City. This property offers an opportunity for homeowners and investors to live in one unit while generating rental income from the other. The lot size is 0.03 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.864094
    Latitude
    40.906951

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    FAQs

    What type of property is this?
    Duplex - Exceptional, updated two-family home in desirable McLean Heights.
    Where is this duplex located?
    The property is located at 96 Wakefield Avenue Yonkers, NY.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: 2‑family home in the McLean Heights section of Yonkers, about 25 minutes north of Manhattan; 1st‑floor unit: 1 bedroom with open‑concept living area and updated kitchen with granite counters; 2nd‑floor unit: 2 bedrooms with eat‑in kitchen, crown molding, and sliding door access to a private deck
    (914) 629-7649
    We can help!
    Listing Contact
    Kieran Dwyer
    Request Owner's contact information
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    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.

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