Yonkers Avenue Diner
For Sale
$2,599,000
1082 Yonkers Avenue, Yonkers, NY 10704
Profitable diner for sale on Yonkers Avenue.
Property Size4,225 SF
Lot Size0.48 Acres
Price / SF$615.15
Days on Market357
Property Features for 1082 Yonkers Avenue
General Information
Standard status
Active
Size
4,225 SF
Lot size
0.48 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,676
Amenities
Central air
Central Air Cooling
Ducts Heating
Building Details
Year Built
1998
Listing Agency:
HENRY DJONBALAJ REAL ESTATE
(914) 376-1000
Listed By:
HENRY DJONBALAJ
Source:
Corcoran
Added: Sep 22, 2025
Changed: Sep 12
Last Checked: Sep 12 at 6:14AM
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 HENRY DJONBALAJ REAL ESTATE
Investment Insights
Based on property information with market context.
Located on Yonkers Avenue in Yonkers, NY, this commercial property is currently used as a diner and offers an opportunity for restaurateurs and investors. The 0.48-acre parcel includes a 4,225-square-foot, one-story building with a basement. The building features multiple dining areas designed for customer comfort. The property includes a kitchen space equipped to handle food preparation. The basement is fully developed with office space, a food preparation area, dry and cold storage, and an employee locker room. Ample parking is available for staff and customers. The property benefits from frontage on Yonkers Avenue, offering visibility and exposure to vehicle and foot traffic. The building is in average condition and has been maintained. The property's size and layout make it suitable for dining operations. The property is equipped with a fully equipped kitchen, storage, and basement areas. The property is suitable for a diner or restaurant, retail establishment, commercial kitchen or catering operations, or multi-use development.
Key Highlights
- Prime Location: High‑traffic location on Yonkers Avenue with excellent visibility and frontage.
- Spacious 4,225 sq ft Building: Offers ample space for dining and operations.
- Fully Equipped Commercial Kitchen: Large kitchen designed for high‑volume food preparation.
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
$92,933
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
3.58%
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%
$1,858,660
$1.9M
Cap Rate 7%
$1,327,614
$1.3M
Cap Rate 9%
$1,032,589
$1.0M
Market Conditions
NOI Build-Up for 4,225 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
$131.8K $31.20/SF
− Vacancy
−$7.9K −$1.87/SF
EGI
$123.9K $29.33/SF
− OpEx
−$31.0K −$7.33/SF
NOI
$92.9K $22.00/SF
Area
Yonkers, NY
Vacancy
6.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,858,660
Cap Rate 7%
$1,327,614
Cap Rate 9%
$1,032,589
Alternative Uses
Best Use
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,933 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,235 @ 7.0% cap · market cap 3.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,493
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 32%
McDonald's
Dining
36,831 visits/mo
0.2 miles
Shell
Shops & Services
8,700 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
3,757 visits/mo
0.3 miles
Shell
Shops & Services
2,410 visits/mo
0.1 miles
Wells Fargo
Shops & Services
1,852 visits/mo
0.1 miles
Demographics for 10704, NY
32,426
Population
12,576
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
12,010
Density / Sq Mi
$110,097
Median Household Income
$57,134
Median Earnings
$1,898
Median Rent
$508,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Profitable diner for sale on Yonkers Avenue.
Where is this breakfast & diner located?
The property is located at 1082 Yonkers Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Prime Location: High‑traffic location on Yonkers Avenue with excellent visibility and frontage.; Spacious 4,225 sq ft Building: Offers ample space for dining and operations.; Fully Equipped Commercial Kitchen: Large kitchen designed for high‑volume food preparation.
