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

    5 Mulberry St Yonkers, NY 10701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $999,000

    Three-family property with upside potential in a convenient Yonkers location.

    Lot size:
    0.05 Acres

    Property Features for 5 Mulberry St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.05 Acres

    Building Details

    Year built
    1903

    We can help!

    Listing Contact
    Dee Rabady
    Source: Elliman

    Listing Agency: WOODFRONT REALTY, INC. Listing Agent: Dee Rabady

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

    Learn more

    Overview

    Spacious Multifamily Property in Yonkers

    This three-family property features long-term tenants currently leasing on a month-to-month basis with below-market rents, presenting a significant opportunity for investors. The property has undergone several upgrades, including a new boiler and hot water tank installed in 2020, and a new roof in 2019. Situated on a desirable block, the property benefits from new housing construction in the area. All leases have expired, offering the potential for increased income, particularly given the large square footage of each unit. The property is suitable for an owner-occupant looking to reside in one unit while generating income from the others, and enjoy the level, fenced yard. Its location provides convenient access to public transportation, major highways, and various amenities within the City of Yonkers. The property is located in Yonkers.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8831457
    Latitude
    40.9363533

    Nearby Similar for Sale

    • $795,000

      Turnkey Restaurant Opportunity in Yonkers

      Lucrative restaurant business for sale in a prime location.
      786 Yonkers Ave, Yonkers, NY 10704
      View Details
    • $284,500

      Yonkers Restaurant/Bar Business Opportunity

      Restaurant/Bar business for sale in the Bryn Mawr area.
      13-15 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $3,545,000
      15,470 SF

      Yonkers Commercial Flex/Industrial Property

      Flex/industrial property with warehouse and office spaces in Yonkers.
      161 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • $1,050,000
      0.15 Acres

      Yonkers Commercial Building on Central Park

      Vacant corner commercial building with high visibility and parking.
      2132 Central Park Ave, Yonkers, NY 10710
      View Details
    • $119,000

      Professional Suite in Yonkers

      Professional suite with private entrance, ideal for various practices.
      270 N Broadway, Yonkers, NY 10701
      View Details
    • $1,295,000
      0.14 Acres

      Bronxville Multi-Level Flexible Use Building

      Multi-level building suitable for professional, medical, or residential use.
      915 Palmer Rd, Bronxville, NY 10708
      View Details
    • $525,000
      1,284 SF

      Yonkers Multi-Family Renovated Triplex

      Renovated Yonkers triplex near transportation and shopping.
      150 Linden St, Yonkers, NY 10701
      View Details
    • $625,000
      1,284 SF

      Renovated Multi-Family in Yonkers

      Renovated 7-bedroom multi-family property in Yonkers, convenient location.
      148 Linden St, Yonkers, NY 10701
      View Details
    • New
      $525,000
      Pending

      Yonkers Colonial Multifamily Property

      Multifamily property in need of full renovation.
      150 Park Hill Ave, Yonkers, NY 10701
      View Details
    • New
      $895,000
      0.04 Acres

      Renovated Duplex in Yonkers

      Updated two-family duplex near Manhattan with income potential.
      42 Alder St, Yonkers, NY 10701
      View Details
    • New
      $679,000
      0.05 Acres

      Versatile Two-Family Home in Yonkers

      Two-family home with income potential near shopping and transportation.
      34 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $679,900
      0.20 Acres

      Yonkers Two-Family Corner Property

      Two-family corner property in Yonkers, ideal for investors.
      326 Roberts Ave, Yonkers, NY 10703
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-family property with upside potential in a convenient Yonkers location.
    Where is this triplex located?
    The property is located at 5 Mulberry St Yonkers, NY.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Tremendous upside potential due to below-market rents and expired leases.; - Large unit square footage in all three apartments.; - New boiler and hot water tank (2020) and new roof (2019).
    (914) 661-4030
    Request Owner's contact information
    5 Mulberry St Yonkers, NY 10701
    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.
    5 Mulberry St
    Yonkers, NY 10701
    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
    5 Mulberry St Yonkers, NY 10701
    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
    Dee Rabady
    (914) 661-4030
    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!