Legal Two-Family Duplex on Double
For Sale
Contact for pricing
11 Landscape Avenue, Yonkers, NY 10705
Two-family property with duplex-style layout, walk-out basement, and double-lot outdoor space in Yonkers.
Property Size3,800 SF
Price / SF$301.32
Days on Market69
Property Features for 11 Landscape Avenue
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multifamily
Zoning
Two-family
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$70,000
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Year Renovated
2012
Stories
3
Tenancy
Multi
Listing Agency:
Maximo Properties LLC
(917) 405-3775
Listed By:
Maximilian Sanchez · License #49sa0997567
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 12 at 6:16AM
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 Maximo Properties LLC
Investment Insights
Based on property information with market context.
11 Landscape Avenue is a legal two-family property set on a double lot, offering a flexible configuration for owner-occupants or tenants. The home is arranged to support a duplex-style layout: the ground floor together with the walk-out basement functions as one spacious unit, while the second floor and attic level form a second large unit. Across the property, there are approximately 8 bedrooms and 5 bathrooms, providing comfortable rooming and practical separation between levels.
The walk-out basement adds direct exterior access and helps define the first unit’s footprint, while the overall home offers generous living areas and private outdoor space. The property is located in Yonkers with convenient proximity to shopping, schools, public transportation, Metro-North, and major highways.
From a practical standpoint, this setup can work well for buyers seeking a legal two-family structure with two oversized residences within one property. The layout may also appeal to those looking for an owner-occupied option where one unit can be used for living space while the other supports rental income. With its double-lot setting and level-by-level unit composition, the property offers flexibility that is uncommon in today’s market.
The walk-out basement adds direct exterior access and helps define the first unit’s footprint, while the overall home offers generous living areas and private outdoor space. The property is located in Yonkers with convenient proximity to shopping, schools, public transportation, Metro-North, and major highways.
From a practical standpoint, this setup can work well for buyers seeking a legal two-family structure with two oversized residences within one property. The layout may also appeal to those looking for an owner-occupied option where one unit can be used for living space while the other supports rental income. With its double-lot setting and level-by-level unit composition, the property offers flexibility that is uncommon in today’s market.
Key Highlights
- Legal two‑family property on a double lot in Yonkers
- Duplex‑style layout: ground floor and walk‑out basement as one unit; second floor and attic as a second unit
- Approximately 8 bedrooms and 5 bathrooms
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
$91,951
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
8.03%
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%
$1,839,020
$1.8M
Cap Rate 7%
$1,313,586
$1.3M
Cap Rate 9%
$1,021,678
$1.0M
Market Conditions
NOI Build-Up for 3,800 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
$143.6K $37.80/SF
− Vacancy
−$12.3K −$3.23/SF
EGI
$131.4K $34.57/SF
− OpEx
−$39.4K −$10.37/SF
NOI
$92.0K $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%
$1,839,020
Cap Rate 7%
$1,313,586
Cap Rate 9%
$1,021,678
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,951 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,444 @ 7.0% cap · market cap 7.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,752
Businesses Nearby
Explore this area
Business Placement
Demographics for 10705, NY
41,785
Population
15,620
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
18,993
Density / Sq Mi
$68,616
Median Household Income
$40,717
Median Earnings
$1,602
Median Rent
$445,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with duplex-style layout, walk-out basement, and double-lot outdoor space in Yonkers.
Where is this duplex located?
The property is located at 11 Landscape Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: Legal two‑family property on a double lot in Yonkers; Duplex‑style layout: ground floor and walk‑out basement as one unit; second floor and attic as a second unit; Approximately 8 bedrooms and 5 bathrooms
