Residential Income
For Sale
$995,000
Pending
785 Warburton Ave, Yonkers, NY 10701
Triplex offers a 4-bedroom duplex plus two additional units, with covered porch, patio, and basement climate-controlled storage.
Property Size3,402 SF
Days on Market71
Property Features for 785 Warburton Ave
General Information
Standard status
Pending
Size
3,402 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$12,233
Amenities
climate controlled storage
covered back porch
lower patio
Building Details
Building Size
3,402 SF
Year Built
1909
Units
3
Listing Agency:
(914) 482-5177
Listed By:
Lisa Cassella
(914) 482-5177
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 11 at 9:59AM
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 Lisa Cassella
Investment Insights
Based on property information with market context.
785 Warburton Avenue is a multifamily triplex featuring three residential units, including a 4-bedroom duplex and two additional units with 1-bedroom and 2-bedroom layouts. The property also includes basement climate-controlled storage, along with a covered back porch and a lower patio.
Located next to Otis Park off Warburton Avenue, the address is also a few blocks from the Greystone train station, supporting convenient access to transit. Walk, bike, and transit scores are listed as somewhat walkable, somewhat bikeable, and moderate transit.
The configuration provides flexible occupancy, with the 4-bedroom duplex suited for owner-use while the other two units can be utilized for rental income.
Located next to Otis Park off Warburton Avenue, the address is also a few blocks from the Greystone train station, supporting convenient access to transit. Walk, bike, and transit scores are listed as somewhat walkable, somewhat bikeable, and moderate transit.
The configuration provides flexible occupancy, with the 4-bedroom duplex suited for owner-use while the other two units can be utilized for rental income.
Key Highlights
- 1909‑built multifamily at 785 Warburton Avenue overlooking the Hudson River
- Unit mix includes a 4‑bedroom duplex plus a 1‑bedroom and a 2‑bedroom unit
- Covered back porch with Hudson River views, plus a lower patio
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
$82,320
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
8.27%
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%
$1,646,400
$1.6M
Cap Rate 7%
$1,176,000
$1.2M
Cap Rate 9%
$914,667
$914.7K
Market Conditions
NOI Build-Up for 3,402 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
$128.6K $37.80/SF
− Vacancy
−$11.0K −$3.23/SF
EGI
$117.6K $34.57/SF
− OpEx
−$35.3K −$10.37/SF
NOI
$82.3K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,646,400
Cap Rate 7%
$1,176,000
Cap Rate 9%
$914,667
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,320 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$1.08M
$945.0K – $1.26M
NOI $75,600 @ 7.0% cap · market cap 7.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
929
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?
Triplex - Triplex offers a 4-bedroom duplex plus two additional units, with covered porch, patio, and basement climate-controlled storage.
Where is this triplex located?
The property is located at 785 Warburton Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1909‑built multifamily at 785 Warburton Avenue overlooking the Hudson River; Unit mix includes a 4‑bedroom duplex plus a 1‑bedroom and a 2‑bedroom unit; Covered back porch with Hudson River views, plus a lower patio
