Yonkers Multifamily Investment
For Sale
$1,325,000
134 Buena Vista Ave, Yonkers, NY 10701
Three-unit property with bonus unit near Yonkers waterfront.
Property Size4,500 SF
Days on Market121
Property Features for 134 Buena Vista Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,176
Building Details
Building Size
4,500 SF
Year Built
1900
Units
3
Listing Agency:
Winzone Realty Inc
(347) 707-3743
Listed By:
Alon A. Yosopov · License #10401378143
(347) 707-3743
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 21 at 8:47AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This income-producing property on Buena Vista Avenue in Yonkers features a legal three-family home with an additional bonus unit, offering flexibility and rental potential. The property is positioned near the waterfront and moments from Downtown Yonkers, providing access to the Yonkers waterfront district, restaurants, shops, parks, and Metro-North for commuting to New York City. The main structure includes two residential units with living areas, bedrooms, and natural light. The property offers two extra apartments, making it suitable for investors seeking multiple income streams or owner-occupants looking to offset living expenses with rental revenue. The location offers a scenic waterfront setting, while remaining close to Downtown Yonkers. The property presents an opportunity for investors and buyers looking for long-term value. The property is located in a very walkable area with a walk score of 85 and has good transit with a transit score of 59. The area is somewhat bikeable, with a bike score of 27.
Key Highlights
- Income‑producing property with a legal three‑family home and an additional bonus unit, offering strong rental potential.
- Prime location near the Yonkers waterfront and Downtown Yonkers, providing convenient access to amenities.
- Two extra apartments offer multiple income streams for investors or offset living expenses for owner‑occupants.
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
$100,000
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
7.55%
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%
$2,000,000
$2.0M
Cap Rate 7%
$1,428,571
$1.4M
Cap Rate 9%
$1,111,111
$1.1M
Market Conditions
NOI Build-Up for 4,500 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
$199.8K $44.40/SF
− Vacancy
−$18.0K −$4.00/SF
EGI
$181.8K $40.40/SF
− OpEx
−$81.8K −$18.18/SF
NOI
$100.0K $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 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%
$2,000,000
Cap Rate 7%
$1,428,571
Cap Rate 9%
$1,111,111
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,000 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.56M
$1.36M – $1.81M
NOI $108,890 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
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?
Apartment building - Three-unit property with bonus unit near Yonkers waterfront.
Where is this apartment building located?
The property is located at 134 Buena Vista Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Income‑producing property with a legal three‑family home and an additional bonus unit, offering strong rental potential.; Prime location near the Yonkers waterfront and Downtown Yonkers, providing convenient access to amenities.; Two extra apartments offer multiple income streams for investors or offset living expenses for owner‑occupants.
