Building Details

Building Size 1,150 SF

Year Built 1928

Listed By: Giorgio Palmisano Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Sep 25 Last Checked: Oct 4 at 11:35AM

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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 Giorgio Palmisano

Investment Insights

Based on property information with market context.

An apartment building located on Midland Avenue is available for purchase. The list price is $319,000.

Key Highlights

• Built in 1928

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,556

Cap Rate

8.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$511,120 $511.1K

Cap Rate 7%

$365,086 $365.1K

Cap Rate 9%

$283,956 $284.0K

Market Conditions

NOI Build-Up for 1,150 SF

Gross rent

$51.1K $44.40/SF

− Vacancy

−$4.6K −$4.00/SF

EGI

$46.5K $40.40/SF

− OpEx

−$20.9K −$18.18/SF

NOI

$25.6K $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 Rate 5%

$511,120

Cap Rate 7%

$365,086

Cap Rate 9%

$283,956

Alternative Uses

Best Use

Apartment 5plus

$365.1K

$319.5K – $425.9K (±1% cap)

NOI $25,556 @ 7.0% cap · market cap 8.01%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$397.5K

$347.8K – $463.8K (±1% cap)

NOI $27,827 @ 7.0% cap · market cap 8.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Social Media Fuse ... Advertising Agency Beth Kelley Counselor Prolawn Spray Services ... Landscaping

Suggested Use

Top Pick Hair Salon Law Firm Spa & Massage Center Parking Lot & Garage Hotel & Motel Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

939

Businesses Nearby

Explore this area Business Placement

Demographics for 10708, NY

22,299

Population

10,004

Households

2.2

Avg Household Size

45

Median Age

65%

College-Educated

95%

High-School Grad

2.9 sq mi

ZIP Area

7,689

Density / Sq Mi

$121,107

Median Household Income

$80,556

Median Earnings

$2,161

Median Rent

$496,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment building available for purchase on Midland Avenue.

Where is this apartment building located?

The property is located at 1470 Midland Ave 3M Bronxville, NY.

What is the asking price?

The asking price for this property is $319,000.

What are key features of this property?

This property features: Built in 1928