Three-Family Residential
51 Tower Pl Yonkers, NY 10703
51 Tower Pl, Yonkers, NY, 10703
$1,175,000
For Sale
$1,175,000
Well-maintained three-unit home with private backyard and 2-car detached garage, offering multiple income-generating layouts.
Property Size3,000 SF
Price / SF$391.67
Days on Market45
Property Features for 51 Tower Pl
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1913
Listing Agency
RE/MAX Town & Country
(914) 414-4663
Listed by
James D'Amato · License #30DA0896039
(914) 414-4663
Source
Elliman
Added: Jun 3 Checked: Jul 17 at 5:23 am
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 RE/MAX Town & Country
Investment Insights
Based on property information with market context.
Introducing 51 Tower Place, a three-family residential property arranged as three separate floors. Each unit is described as having approximately 900–1,000 square feet, with three bedrooms and one bathroom, along with a formal dining room and living room. The top floor is noted for views toward East Yonkers. The property also includes a private backyard and a 2-car detached garage.
The home is positioned on one of the highest points in Northwest Yonkers, and the public remarks indicate it is close to public transportation, with an approximately 8–10 minute ride to Metro North. Walkability and transit accessibility are also highlighted in the provided scores.
For tenants, this setup provides three similarly configured homes within one building, each offering three-bedroom layouts with common living and dining space. For buyers or operators, the property’s three separate units and attached/adjacent garage and outdoor area may support a straightforward, multi-unit residential operation. The last time the home was on the market was over 40 years ago, according to the remarks.
The home is positioned on one of the highest points in Northwest Yonkers, and the public remarks indicate it is close to public transportation, with an approximately 8–10 minute ride to Metro North. Walkability and transit accessibility are also highlighted in the provided scores.
For tenants, this setup provides three similarly configured homes within one building, each offering three-bedroom layouts with common living and dining space. For buyers or operators, the property’s three separate units and attached/adjacent garage and outdoor area may support a straightforward, multi-unit residential operation. The last time the home was on the market was over 40 years ago, according to the remarks.
Key Highlights
- Three‑family home built in 1913 with three units, each offering 3 bedrooms and 1 bathroom
- Approx. 900–1,000 SF per floor, with each unit including a formal dining room and living room
- Private backyard plus a 2‑car detached garage
Local Financial Insights For Multifamily LT 5
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 | $113.4k | $37.80 |
| − Vacancy | −$9.7k | −$3.23 |
| EGI | $103.7k | $34.57 |
| − OpEx | −$31.1k | −$10.37 |
| NOI | $72.6k | $24.20 |
3,000 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.4K – $1.21M
NOI $72,593 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$952.4K
$833.3K – $1.11M
NOI $66,667 @ 7.0% cap · market cap 5.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained three-unit home with private backyard and 2-car detached garage, offering multiple income-generating layouts.
Where is this triplex located?
The property is located at 51 Tower Pl Yonkers, NY.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three‑family home built in 1913 with three units, each offering 3 bedrooms and 1 bathroom; Approx. 900–1,000 SF per floor, with each unit including a formal dining room and living room; Private backyard plus a 2‑car detached garage
