Two-Family Brick
109 Wakefield Avenue Yonkers, NY 10704
For Sale
$1,199,000
Sunny two-family brick home with three-bedroom units on both floors plus a finished lower level.
Property Size3,300 SF
Price / SF$363.33
Days on Market36
Property Features for 109 Wakefield Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Duplex
Building Details
Year Built
1957
Listing Agency:
Houlihan Lawrence Inc.
(914) 368-4500
Listed By:
Thomas C. Hennessy
(914) 368-4500
Source:
Compass
Added: Jun 25
Changed: Jul 21
Last Checked: Jul 29 at 2:34PM
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 Houlihan Lawrence Inc.
Investment Insights
Based on property information with market context.
Sunny and spacious two-family brick residence located on a desirable corner lot. The home provides a three-bedroom top-floor unit and a three-bedroom first-floor unit, along with a finished lower level that adds flexible space for recreation and storage.
Conveniently located just minutes from the Wakefield-241st Street subway station and Metro-North rail service, with major parkways and access to shopping, restaurants, parks, and schools nearby. The area is described as having strong walkability and excellent public transportation access.
With two separate three-bedroom units and additional finished space below, the property offers a practical layout for residential income use.
Conveniently located just minutes from the Wakefield-241st Street subway station and Metro-North rail service, with major parkways and access to shopping, restaurants, parks, and schools nearby. The area is described as having strong walkability and excellent public transportation access.
With two separate three-bedroom units and additional finished space below, the property offers a practical layout for residential income use.
Key Highlights
- Sunny two‑family brick home on a corner lot in Yonkers’ Wakefield Park section
- Both units are 3‑bedroom layouts: 3‑bedroom top‑floor unit and 3‑bedroom first‑floor unit
- Finished lower level provides extra recreation and storage space
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.7k | $37.80 |
| − Vacancy | −$10.7k | −$3.23 |
| EGI | $114.1k | $34.57 |
| − OpEx | −$34.2k | −$10.37 |
| NOI | $79.9k | $24.20 |
3,300 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.2K – $1.33M
NOI $79,852 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 6.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Sunny two-family brick home with three-bedroom units on both floors plus a finished lower level.
Where is this duplex located?
The property is located at 109 Wakefield Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Sunny two‑family brick home on a corner lot in Yonkers’ Wakefield Park section; Both units are 3‑bedroom layouts: 3‑bedroom top‑floor unit and 3‑bedroom first‑floor unit; Finished lower level provides extra recreation and storage space
