Yonkers Multifamily Investment
For Sale
$715,000
105 Palisade Avenue, Yonkers, NY 10701
Three-unit multifamily home in Yonkers with strong rental income potential.
Property Size1,628 SF
Price / SF$439.19
Days on Market220
Property Features for 105 Palisade Avenue
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,300
Amenities
Square Feet
No
Other, Public
Other
Vinyl Siding
On Street, Open
Building Details
Year Built
1925
Listing Agency:
eXp Realty
Listed By:
Ramanjit Dhanoa
(888) 276-0630
Source:
Compass
Added: Feb 2
Changed: Sep 10
Last Checked: Sep 10 at 12:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Located at 105 Palisade Avenue in Yonkers, this well-maintained multifamily home features three apartments, each containing three bedrooms. The property is suitable for generating rental income or accommodating multigenerational living. Each unit provides access to a backyard and deck. The property is located near shops, schools, and major transportation routes. The property is being sold as-is with paying tenants.
Key Highlights
- Multifamily home with three spacious 3‑bedroom apartments, ideal for rental income or multigenerational living.
- Each unit has access to a backyard and deck.
- Convenient location near shops, schools, and major transportation routes.
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
$39,394
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
5.51%
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%
$787,880
$787.9K
Cap Rate 7%
$562,771
$562.8K
Cap Rate 9%
$437,711
$437.7K
Market Conditions
NOI Build-Up for 1,628 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
$61.5K $37.80/SF
− Vacancy
−$5.3K −$3.23/SF
EGI
$56.3K $34.57/SF
− OpEx
−$16.9K −$10.37/SF
NOI
$39.4K $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%
$787,880
Cap Rate 7%
$562,771
Cap Rate 9%
$437,711
Alternative Uses
Best Use
Multifamily LT 5
$562.8K
$492.4K – $656.6K
NOI $39,394 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$516.8K
$452.2K – $603.0K
NOI $36,178 @ 7.0% cap · market cap 5.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,879
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
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?
Triplex - Three-unit multifamily home in Yonkers with strong rental income potential.
Where is this triplex located?
The property is located at 105 Palisade Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Multifamily home with three spacious 3‑bedroom apartments, ideal for rental income or multigenerational living.; Each unit has access to a backyard and deck.; Convenient location near shops, schools, and major transportation routes.
