Duplex With Finished
New
For Sale
$525,000
114 Woodland Avenue, Yonkers, NY 10703
Residential Income, Yonkers, NY
Property Size1,296 SF
Lot Size0.06 Acres
Price / SF$405.09
Days on Market4
Property Features for 114 Woodland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway, Garage
Interior features
Recessed Lighting, Soaking Tub
Basement
Finished, Full
Elementary school
Yonkers (School Choice)
Middle school
Yonkers (School Choice)
High school
Yonkers (School Choice)
Elementary school district
Yonkers
Middle school district
Yonkers
High school district
Yonkers
Standard status
Active
APN
1800-002-000-02420-000-0048
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1821
Utilities
Sewer type
Public Sewer
Heating system
Oil, Radiant
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1965
Number of units
2
Building materials
Brick, Frame
Listing Agency:
YourHomeSold Guaranteed Realty · ERA Real Estate
(718) 324-6060
Listed By:
Bakary Camara · License #40CA1173900
(917) 568-5763
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 3 at 1:06AM
MLS# 1045611
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family, townhouse-style duplex offers approximately 1,296 square feet of above-ground living space across four bedrooms, two full bathrooms, and one half bathroom. Each unit includes a kitchen, while the finished basement adds flexible interior space. The property was built in 1965 with brick and frame construction and includes recessed lighting and a soaking tub. Substantial repairs are needed.
The property is located at 114 Woodland Avenue in Yonkers, NY 10703, within Westchester County. Public water and public sewer serve the property. Heating is provided by oil-fired radiant systems, with window or wall/window cooling units. Exterior features include a driveway and garage, and the lot contains 0.0619 acres.
The property is located at 114 Woodland Avenue in Yonkers, NY 10703, within Westchester County. Public water and public sewer serve the property. Heating is provided by oil-fired radiant systems, with window or wall/window cooling units. Exterior features include a driveway and garage, and the lot contains 0.0619 acres.
Key Highlights
- Two‑family duplex with approximately 1,296 square feet of above‑ground living space
- Four bedrooms, two full bathrooms, and one half bathroom
- Two kitchens plus a finished basement
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
$31,360
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
5.97%
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%
$627,200
$627.2K
Cap Rate 7%
$448,000
$448.0K
Cap Rate 9%
$348,444
$348.4K
Market Conditions
NOI Build-Up for 1,296 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
$49.0K $37.80/SF
− Vacancy
−$4.2K −$3.23/SF
EGI
$44.8K $34.57/SF
− OpEx
−$13.4K −$10.37/SF
NOI
$31.4K $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%
$627,200
Cap Rate 7%
$448,000
Cap Rate 9%
$348,444
Alternative Uses
Best Use
Multifamily LT 5
$448.0K
$392.0K – $522.7K
NOI $31,360 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 5.49%
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
1,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 10703, NY
22,571
Population
7,925
Households
2.8
Avg Household Size
39
Median Age
26%
College-Educated
80%
High-School Grad
1.6 sq mi
ZIP Area
14,107
Density / Sq Mi
$74,940
Median Household Income
$42,972
Median Earnings
$1,702
Median Rent
$477,500
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 townhouse-style property with separate kitchens, finished lower-level space, driveway parking, and a garage.
Where is this duplex located?
The property is located at 114 Woodland Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 1,296 square feet of above‑ground living space; Four bedrooms, two full bathrooms, and one half bathroom; Two kitchens plus a finished basement
