Seven-Unit Multifamily
118 Oliver Avenue Yonkers, NY 10701
118 Oliver Avenue, Yonkers, NY, 10701
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For Sale
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Seven-unit multifamily building totaling about 3,366 square feet, positioned for long-term rental income.
Property Size3,366 SF
Price / SF$311.94
Days on Market97
Property Features for 118 Oliver Avenue
General Information
- Standard status
- Active
- Size
- 3,366 SF
- Property subtype
- Retail, Multifamily
Building Details
- Year Built
- 1927
Listing agency
Brix Real Estate Advisors
(914) 300-4444
Listed by
Matthew Barbaccia
Source
Crexi
Added: Apr 17 Updated: Jul 21 at 7:16AM Checked: Jul 21 at 7:16AM
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 Brix Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a seven-unit multifamily building totaling approximately 3,366 square feet. The asset is described as having a stable residential layout suited for long-term rental income.
Located at 118 Oliver Ave in Yonkers, NY, the building is situated in a well-established residential neighborhood with convenient access to major thoroughfares and public transportation.
As a residential income property, this configuration provides an investor-ready structure designed for ongoing occupancy within a growing Yonkers submarket.
Located at 118 Oliver Ave in Yonkers, NY, the building is situated in a well-established residential neighborhood with convenient access to major thoroughfares and public transportation.
As a residential income property, this configuration provides an investor-ready structure designed for ongoing occupancy within a growing Yonkers submarket.
Key Highlights
- Seven‑unit multifamily building totaling about 3,366 SF
- Year built: 1927
- Located at 118 Oliver Ave, Yonkers, NY 10701
Local Financial Insights For Apartment 5plus
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 | $149.5k | $44.40 |
| − Vacancy | −$13.5k | −$4.00 |
| EGI | $136.0k | $40.40 |
| − OpEx | −$61.2k | −$18.18 |
| NOI | $74.8k | $22.22 |
3,366 SF · lease $44.40/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$935.0K – $1.25M
NOI $74,800 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,449 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily building totaling about 3,366 square feet, positioned for long-term rental income.
Where is this apartment building located?
The property is located at 118 Oliver Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Seven‑unit multifamily building totaling about 3,366 SF; Year built: 1927; Located at 118 Oliver Ave, Yonkers, NY 10701
