Income-Producing Three-Family
For Sale
$1,150,000
113 Herriot St, Yonkers, NY 10701
Three-unit residential property with one vacant four-bedroom unit and two leased three-bedroom units generating monthly income.
Property Size3,701 SF
Days on Market51
Property Features for 113 Herriot St
General Information
Standard status
Active
Size
3,701 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,162
Building Details
Building Size
3,701 SF
Year Built
1900
Units
3
Tenancy
Multi
Listing Agency:
WINZONE REALTY INC.
(347) 707-3743
Listed By:
Alon A. Yosopov · License #10401378143
(347) 707-3743
Source:
Elliman
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 21 at 10:05AM
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 WINZONE REALTY INC.
Investment Insights
Based on property information with market context.
113 Herriot Street is a solid three-family home configured with one 4-bedroom unit and two 3-bedroom units. Unit 1 (4 Bed) is currently vacant and ready for a new tenant or owner use. Units 2 and 3 (each 3 Bed) are leased.
The occupied units are reported at $2,900 per month and $3,200 per month, for gross monthly income of $6,100 from Units 2 and 3. Additional income potential is noted once Unit 1 is leased.
The property is located in Yonkers, and the provided walk/transit metrics indicate a location with very walkable amenities and good transit access, supporting everyday neighborhood convenience.
The occupied units are reported at $2,900 per month and $3,200 per month, for gross monthly income of $6,100 from Units 2 and 3. Additional income potential is noted once Unit 1 is leased.
The property is located in Yonkers, and the provided walk/transit metrics indicate a location with very walkable amenities and good transit access, supporting everyday neighborhood convenience.
Key Highlights
- Three‑family home (built 1900) in Yonkers’ Getty Square neighborhood at 113 Herriot Street
- One vacant 4‑bedroom unit, ready for a new tenant or owner use
- Two leased 3‑bedroom units rented at $2,900/month and $3,200/month
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
$89,556
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
7.79%
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%
$1,791,120
$1.8M
Cap Rate 7%
$1,279,371
$1.3M
Cap Rate 9%
$995,067
$995.1K
Market Conditions
NOI Build-Up for 3,701 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
$139.9K $37.80/SF
− Vacancy
−$12.0K −$3.23/SF
EGI
$127.9K $34.57/SF
− OpEx
−$38.4K −$10.37/SF
NOI
$89.6K $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%
$1,791,120
Cap Rate 7%
$1,279,371
Cap Rate 9%
$995,067
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,556 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$1.17M
$1.03M – $1.37M
NOI $82,244 @ 7.0% cap · market cap 7.15%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,694
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 - Three-unit residential property with one vacant four-bedroom unit and two leased three-bedroom units generating monthly income.
Where is this triplex located?
The property is located at 113 Herriot St Yonkers, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three‑family home (built 1900) in Yonkers’ Getty Square neighborhood at 113 Herriot Street; One vacant 4‑bedroom unit, ready for a new tenant or owner use; Two leased 3‑bedroom units rented at $2,900/month and $3,200/month
