Yonkers Mixed-Use Investment
For Sale
$1,500,000
97 Waverly St, Yonkers, NY 10701
Well-maintained 5-unit building in Nodine Hill, Yonkers.
Property Size4,900 SF
Price / SF$306.12
Days on Market99
Property Features for 97 Waverly St
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Commercial
Building Details
Year Built
1891
Listing Agency:
COMPASS GREATER NY, LLC
(917) 374-2591
Listed By:
Geno M. George
(917) 374-2591
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 5:47AM
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 COMPASS GREATER NY, LLC
Investment Insights
Based on property information with market context.
Located in the Nodine Hill section of Yonkers, this well-maintained 5-unit mixed-use building offers approximately 4,900 square feet. The multi-family property includes multiple residential units with separate utilities, providing income-producing potential. The property features a mix of unit layouts and recent updates in select apartments. Some units have been renovated with modern kitchens featuring updated cabinetry, quartz countertops, and stainless steel appliances. The building has individual gas and electric meters. Situated near shopping, dining, and essential services, the property offers convenient access to public transportation and major roadways. Nearby amenities include parks, waterfront attractions, and cultural destinations such as the Hudson River Museum and Beczak Environmental Education Center. The property is also in proximity to downtown Yonkers and the Metro-North train station for commuting options. The location has a walk score of 72, indicating it is very walkable, a transit score of 57, indicating good transit options, and a bike score of 25, indicating it is somewhat bikeable. This property is suitable for investors or owner-users seeking a centrally located property with income potential and access to neighborhood conveniences.
Key Highlights
- Strong income‑producing potential from 5 units with separate utilities.
- Convenient access to public transportation, major roadways, downtown Yonkers, and the Metro‑North train station.
- Located in the desirable Nodine Hill section of Yonkers, near shopping, dining, and essential services.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.6k | $44.40 |
| − Vacancy | −$19.6k | −$4.00 |
| EGI | $198.0k | $40.40 |
| − OpEx | −$89.1k | −$18.18 |
| NOI | $108.9k | $22.22 |
4,900 SF · lease $44.40/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.81M
NOI $108,889 @ 7.0% cap · market cap 7.26%
Second Best
Mixed Use
$1.32M
$1.16M – $1.54M
NOI $92,610 @ 7.0% cap · market cap 6.17%
Theoretical Best
Multifamily LT 5
$1.69M
$1.48M – $1.98M
NOI $118,569 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,984
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?
Mixed-use property - Well-maintained 5-unit building in Nodine Hill, Yonkers.
Where is this mixed-use property located?
The property is located at 97 Waverly St Yonkers, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Strong income‑producing potential from 5 units with separate utilities.; Convenient access to public transportation, major roadways, downtown Yonkers, and the Metro‑North train station.; Located in the desirable Nodine Hill section of Yonkers, near shopping, dining, and essential services.
