Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    949-955 Yonkers Ave Yonkers, NY 10704

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr

    Multiple professional, medical, and retail spaces available for rent.

    Property Features for 949-955 Yonkers Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Younis N. Dajah
    Source: Elliman

    Listing Agency: NB ELITE REALTY LLC Listing Agent: Younis N. Dajah

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Yonkers Avenue Mixed-Use Building

    This building on Yonkers Avenue offers multiple suites suitable for professional offices, medical practices, or retail businesses. The available spaces range from smaller units to larger areas, accommodating various business needs. Rental rates start at $27.00 per square foot per year and up. The property has undergone a renovation and is located in the heart of the official business district. On-site parking is available, and the building is equipped with security features, cameras throughout, and a fully sprinklered facility. Its location provides convenient access to major highways and bus routes. The property features various units of different sizes to accommodate specific requirements. Cooling, heating, and lighting utilities are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Animal Clinic of Mount Vernon

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.859109
    Latitude
    40.9168784

    Nearby Similar for Lease

    • $2,500 /Mo
      6,098 SF

      Yonkers Office Space For Rent

      Professional office space available in Yonkers, updated in 2025.
      111 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $2,500 /Mo
      306 SF

      Yonkers Office Space For Lease

      Office space available for lease in Yonkers, New York.
      111 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $3,300 /Mo
      5,663 SF

      Bronxville Retail Space For Lease

      Prime 610 sq ft retail space in Chester Heights.
      494 New Rochelle Rd, Bronxville, NY 10708
      View Details
    • $5,200 /Mo

      Bronxville Office Space for Rent

      Office space near train, hospital, and parking in Bronxville.
      12 Studio Arc, Bronxville, NY 10708
      View Details
    • $6,000 /Mo
      2,614 SF

      Yonkers Commercial Space For Rent

      Commercial space suitable for restaurant, bar, or retail business.
      143 Lake Ave, Yonkers, NY 10703
      View Details
    • $14,000 /Mo
      17,890 SF

      Yonkers Storage Facility For Rent

      18,000 SF storage facility in excellent Yonkers location.
      1 Harrison Ave, Yonkers, NY 10705
      View Details
    • $2,890 /Mo
      919 SF

      Bright Office Space in Bronxville

      Spacious office with skylights, convenient to transportation and amenities.
      2 Park Pl, Bronxville, NY 10708
      View Details
    • $2,050 /Mo
      650 SF

      Remodeled Office Space in Bronxville

      Recently remodeled office space in the heart of Bronxville, NY.
      2 Park Pl, Bronxville, NY 10708
      View Details
    • $4,500 /Mo

      Yonkers Retail Storefront Near Transit

      Retail storefront near Glenwood Metro-North station in Yonkers.
      369 Warburton Ave, Yonkers, NY 10701
      View Details
    • $69 SF/Yr
      100 SF

      Office - Yonkers, NY

      Bright office space with excellent public transportation and ample parking.
      570 Yonkers Ave, Yonkers, NY 10704
      View Details
    • $27 SF/Yr
      2,600 SF

      Downtown Yonkers Office Space Available

      Spacious office space in a prime downtown Yonkers location.
      55 Main St, Yonkers, NY 10701
      View Details
    • $650 /Mo
      150 SF

      Yonkers Office Space Available

      Bright office space with excellent public transportation and ample parking.
      570 Yonkers Ave, Yonkers, NY 10704
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multiple professional, medical, and retail spaces available for rent.
    Where is this medical office space located?
    The property is located at 949-955 Yonkers Ave Yonkers, NY.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of the official business district.; - Newly renovated medical/professional office suites.; - Benefit from on-site parking and security with cameras throughout.
    (844) 444-6237
    Request Owner's contact information
    949-955 Yonkers Ave Yonkers, NY 10704
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    949-955 Yonkers Ave
    Yonkers, NY 10704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    949-955 Yonkers Ave Yonkers, NY 10704
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Younis N. Dajah
    (844) 444-6237 (917) 213-3907
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!