Yonkers Mixed-Use Investment Opportunity

97 Waverly St, Yonkers, NY 10701

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For Sale

$1,500,000

Well-maintained 5-unit building in Nodine Hill, Yonkers.

Type:Commercial

Property size:

4,900 SF

Price / SF:

$306/SF

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.
Mix of unit layouts with recent updates in select apartments, including modern kitchens with quartz countertops and stainless steel appliances.
Total of approximately 4,900+ square feet.
Proximity to parks, waterfront attractions, and cultural destinations like the Hudson River Museum.

We can help!

Listing Contact

Geno M. George

Learn more

For Sale

$1,500,000

Well-maintained 5-unit building in Nodine Hill, Yonkers.

Type:Commercial

Property size:

4,900 SF

Price / SF:

$306/SF

Added:: Apr 24, 2026
Days on Market:: 53
Last Refresh:: Apr 24 at 4:20 pm

Property Features for 97 Waverly St

General Information

Standard status: Active
Size: 4,900 SF
Property subtype: Commercial

Building Details

Year Built: 1891

We can help!

Listing Contact

Geno M. George

Listing agent Geno M. George

Listing office COMPASS GREATER NY, LLC

Listing date Apr 24, 2026

Source Elliman

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

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.
Mix of unit layouts with recent updates in select apartments, including modern kitchens with quartz countertops and stainless steel appliances.
Total of approximately 4,900+ square feet.
Proximity to parks, waterfront attractions, and cultural destinations like the Hudson River Museum.

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $108,889 @ 7.0% cap · market cap 7.26%

Second Best

Retail

$1.37M

$1.20M – $1.59M (±1% cap)

NOI $95,697 @ 7.0% cap · market cap 6.38%

Theoretical Best

Multifamily LT 5

$1.69M

$1.48M – $1.98M (±1% cap)

NOI $118,569 @ 7.0% cap · market cap 7.90%

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

Location Intelligence

Current Use by Public Records

Total Realty Associates ... Real Estate Agency

Suggested Use

Location Insight

Map
Local Demand

City: Yonkers
County: Westchester
State: New York
Longitude: -73.8937723
Latitude: 40.9324562

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For sale
Mixed-use properties
NY
Yonkers
10701
97 Waverly St

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.