Five-Family Apartment
17 Mulberry Street Yonkers, NY 10701
17 Mulberry Street, Yonkers, NY, 10701
$1,278,000
For Sale
$1,278,000
Fully occupied five-unit building with three two-bedroom units and two three-bedroom units, plus gas boiler and hot water heater.
Property Size4,300 SF
Price / SF$297.21
Days on Market1252
Property Features for 17 Mulberry Street
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1911
Listing agency
Stonebridge Realty Management
(914) 920-4205
Listed by
John Scavone
(914) 920-4205
Source
Compass
Added: Feb 16, 2023 Updated: Jul 22 at 6:03PM Checked: Jul 22 at 6:03PM
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 Stonebridge Realty Management
Investment Insights
Based on property information with market context.
This five-family apartment building is fully occupied, with a 100% rent collection rate reported by the seller. The unit mix includes three two-bedroom apartments and two three-bedroom apartments, providing flexibility for resident households. The building is equipped with a gas boiler and hot water heater to support heating and hot water service.
Located at 17 Mulberry Street in Yonkers, NY, the property is described as being near local amenities, shopping, dining, and entertainment. The surrounding downtown area is also noted for transit connections to New York City.
Located at 17 Mulberry Street in Yonkers, NY, the property is described as being near local amenities, shopping, dining, and entertainment. The surrounding downtown area is also noted for transit connections to New York City.
Key Highlights
- Fully occupied 5‑family building at 17 Mulberry Street, Yonkers, NY 10701
- Unit mix: three 2‑bedroom apartments and two 3‑bedroom apartments
- 100% rent collection rate reported
Local 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 | $190.9k | $44.40 |
| − Vacancy | −$17.2k | −$4.00 |
| EGI | $173.7k | $40.40 |
| − OpEx | −$78.2k | −$18.18 |
| NOI | $95.6k | $22.22 |
4,300 SF · lease $44.40/SF/yr · vacancy 9.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.19M – $1.59M
NOI $95,555 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.49M
$1.30M – $1.73M
NOI $104,050 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully occupied five-unit building with three two-bedroom units and two three-bedroom units, plus gas boiler and hot water heater.
Where is this apartment building located?
The property is located at 17 Mulberry Street Yonkers, NY.
What is the asking price?
The asking price for this property is $1,278,000.
What are key features of this property?
This property features: Fully occupied 5‑family building at 17 Mulberry Street, Yonkers, NY 10701; Unit mix: three 2‑bedroom apartments and two 3‑bedroom apartments; 100% rent collection rate reported
