Yonkers Mixed-Use Investment
For Sale
$1,090,000
356 Riverdale Ave, Yonkers, NY 10705
Mixed-use property with residential and commercial units in Yonkers.
Property Size4,488 SF
Days on Market121
Property Features for 356 Riverdale Ave
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,547
Building Details
Building Size
4,488 SF
Year Built
1960
Units
4
Listing Agency:
ERA Insite Realty
(914) 258-0282
Listed By:
Zuleika Taveras
(914) 258-0282
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Aug 21 at 12:47PM
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 ERA Insite Realty
Investment Insights
Based on property information with market context.
This mixed-use investment property is located in Yonkers, NY, and features a total of four units. The property includes two residential apartments and two commercial units suitable for professional offices or retail use. The residential units offer rental income, while the commercial spaces provide flexibility for a range of uses including medical, legal, service-oriented offices, or neighborhood retail. The diverse unit mix creates multiple income streams. The property is situated near major thoroughfares, public transportation, and local amenities, providing visibility and accessibility. The location has a walk score of 87, indicating it is very walkable, a transit score of 69, indicating good transit options, and a bike score of 52, indicating it is bikeable. This property offers cash flow potential, mixed-use flexibility, and upside in a high-demand market.
Key Highlights
- Excellent location with HIGH WALKABILITY (87), good transit (69), and bikeable score (52), near major thoroughfares, public transportation, and local amenities.
- Mixed‑use property with two residential apartments and two commercial units, OFFERING DIVERSE INCOME STREAMS and reduced vacancy risk.
- Versatile commercial units suitable for professional offices or retail use (medical, legal, service‑oriented offices, or neighborhood retail).
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
$84,823
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
7.78%
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%
$1,696,460
$1.7M
Cap Rate 7%
$1,211,757
$1.2M
Cap Rate 9%
$942,478
$942.5K
Market Conditions
NOI Build-Up for 4,488 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
$150.8K $33.60/SF
− Vacancy
−$15.1K −$3.36/SF
EGI
$135.7K $30.24/SF
− OpEx
−$50.9K −$11.34/SF
NOI
$84.8K $18.90/SF
Area
Yonkers, NY
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,696,460
Cap Rate 7%
$1,211,757
Cap Rate 9%
$942,478
Alternative Uses
Best Use
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,823 @ 7.0% cap · market cap 7.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,599 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 10705, NY
41,785
Population
15,620
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
18,993
Density / Sq Mi
$68,616
Median Household Income
$40,717
Median Earnings
$1,602
Median Rent
$445,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial units in Yonkers.
Where is this mixed-use property located?
The property is located at 356 Riverdale Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Excellent location with HIGH WALKABILITY (87), good transit (69), and bikeable score (52), near major thoroughfares, public transportation, and local amenities.; Mixed‑use property with two residential apartments and two commercial units, OFFERING DIVERSE INCOME STREAMS and reduced vacancy risk.; Versatile commercial units suitable for professional offices or retail use (medical, legal, service‑oriented offices, or neighborhood retail).
