Three-Family Triplex with Porch
For Sale
$650,000
41 Groshon Avenue, Yonkers, NY 10701
1898 property requiring comprehensive rehabilitation, with electrical service active and gas connection pending.
Property Size2,592 SF
Price / SF$250.77
Days on Market802
Property Features for 41 Groshon Avenue
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Triplex
Property Condition
Severity
Major Repairs Needed
Evidence
Needs total rehab
Additional Details
Utilities to Site
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,815
Building Details
Building Size
2,592 SF
Year Built
1898
Listing Agency:
Century 21 Dawns Gold Realty
Listed By:
Mohammed Sayem · License #10301208930
(914) 391-0296
Source:
Shawmetro
Added: Aug 7, 2024
Changed: Oct 17
Last Checked: Oct 16 at 6:27PM
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 Century 21 Dawns Gold Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal three-family triplex at 41 Groshon Avenue contains 2,592 square feet and was built in 1898. The property is being renovated but requires total rehabilitation, making the existing condition a significant part of the project scope. Each floor may support a third bedroom in addition to the current layout.
Approved permits and zoning board approval are in place for rebuilding the back porch, with plans available for that work. Electrical service is on, while gas connection is expected to be completed soon. The property is located in Yonkers, NY 10701.
Approved permits and zoning board approval are in place for rebuilding the back porch, with plans available for that work. Electrical service is on, while gas connection is expected to be completed soon. The property is located in Yonkers, NY 10701.
Key Highlights
- Legal three‑family triplex at 41 Groshon Avenue
- 2,592 SF property built in 1898
- Requires total rehabilitation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,600
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,000
$1.2M
Cap Rate 7%
$822,857
$822.9K
Cap Rate 9%
$640,000
$640.0K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$115.1K $44.40/SF
− Vacancy
−$10.4K −$4.00/SF
EGI
$104.7K $40.40/SF
− OpEx
−$47.1K −$18.18/SF
NOI
$57.6K $22.22/SF
Area
Yonkers, NY
Vacancy
9.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,000
Cap Rate 7%
$822,857
Cap Rate 9%
$640,000
Alternative Uses
Best Use
Multifamily LT 5
$896.0K
$784.0K – $1.05M
NOI $62,720 @ 7.0% cap · market cap 9.65%
Second Best
Apartment 5plus
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 8.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,763
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - 1898 property requiring comprehensive rehabilitation, with electrical service active and gas connection pending.
Where is this triplex located?
The property is located at 41 Groshon Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Legal three‑family triplex at 41 Groshon Avenue; 2,592 SF property built in 1898; Requires total rehabilitation
