Mixed-Use Building with
New
For Sale
Contact for pricing
111 Crescent Place, Yonkers, NY 10704
Three levels combine a commercial space with two residential apartments.
Property Size3,450 SF
Days on Market6
Property Features for 111 Crescent Place
General Information
Standard status
Active
Size
3,450 SF
Property subtype
Triplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,055
Amenities
energy-efficient baseboard heating system
large basement
off-street parking
Building Details
Building Size
3,450 SF
Year Built
1923
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX In The City
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Source:
Totallywestchester
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 4 at 4:42PM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
Built in 1923, this three-story mixed-use property has a commercial storefront with a dedicated entrance on the ground floor. Two apartments occupy the floors above, each offering two bedrooms and one bathroom. The building also includes a large basement, vinyl siding, baseboard heating and off-street parking. A local deli is currently operating in the storefront, and the property is being sold as-is.
The property is in Yonkers, with a Walk Score of 68, a Transit Score of 55 and a Bike Score of 32.
The property is in Yonkers, with a Walk Score of 68, a Transit Score of 55 and a Bike Score of 32.
Key Highlights
- Three‑story mixed‑use property built in 1923
- Two residential units, each with 2 bedrooms and 1 bathroom
- Ground‑floor commercial storefront with a dedicated entrance; local deli currently operating
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
$76,667
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
6.13%
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%
$1,533,340
$1.5M
Cap Rate 7%
$1,095,243
$1.1M
Cap Rate 9%
$851,856
$851.9K
Market Conditions
NOI Build-Up for 3,450 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
$153.2K $44.40/SF
− Vacancy
−$13.8K −$4.00/SF
EGI
$139.4K $40.40/SF
− OpEx
−$62.7K −$18.18/SF
NOI
$76.7K $22.22/SF
Area
Yonkers, NY
Vacancy
9.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,533,340
Cap Rate 7%
$1,095,243
Cap Rate 9%
$851,856
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$958.3K – $1.28M
NOI $76,667 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$962.6K
$842.2K – $1.12M
NOI $67,379 @ 7.0% cap · market cap 5.39%
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,482 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,942
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three levels combine a commercial space with two residential apartments.
Where is this mixed-use property located?
The property is located at 111 Crescent Place Yonkers, NY.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Three‑story mixed‑use property built in 1923; Two residential units, each with 2 bedrooms and 1 bathroom; Ground‑floor commercial storefront with a dedicated entrance; local deli currently operating
