Triplex with Basement
For Sale
Contact for pricing
138 Buena Vista Avenue, Yonkers, NY 10701
Three primary apartments are complemented by a separate-entry basement space and off-street parking.
Property Size3,000 SF
Days on Market120
Property Features for 138 Buena Vista Avenue
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3bdr, 2 x 2bdr
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,377
Building Details
Building Size
3,000 SF
Year Built
1906
Buildings
1
Listing Agency:
Winzone Realty Inc
368
Listed By:
Alon A. Yosopov · License #10401378143
Source:
Totallywestchester
Added: Apr 14
Changed: Aug 10
Last Checked: Aug 11 at 12:42PM
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.
This 1906 multifamily property is configured as a legal three-family home with an additional basement unit. The principal apartments include two three-bedroom layouts and one two-bedroom layout, while the basement provides another two-bedroom living space with its own entrance. Main-unit interiors include bedrooms, living areas, and natural light. Utilities are separately metered in most units.
The property is located on Buena Vista Avenue in Southwest Yonkers, with access to Getty Square, Metro-North stations, shops, restaurants, and parks. Saw Mill River Parkway and I-87 are also nearby. Off-street parking and/or backyard access is available, adding practical site features for the existing residential configuration.
The property is located on Buena Vista Avenue in Southwest Yonkers, with access to Getty Square, Metro-North stations, shops, restaurants, and parks. Saw Mill River Parkway and I-87 are also nearby. Off-street parking and/or backyard access is available, adding practical site features for the existing residential configuration.
Key Highlights
- Legal 3‑family home with an additional 2bdr basement unit
- Unit mix includes 3bdr, 3bdr, 2bdr, and basement 2bdr spaces
- Basement unit has its own entrance
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
$72,593
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
5.93%
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%
$1,451,860
$1.5M
Cap Rate 7%
$1,037,043
$1.0M
Cap Rate 9%
$806,589
$806.6K
Market Conditions
NOI Build-Up for 3,000 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
$113.4K $37.80/SF
− Vacancy
−$9.7K −$3.23/SF
EGI
$103.7K $34.57/SF
− OpEx
−$31.1K −$10.37/SF
NOI
$72.6K $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%
$1,451,860
Cap Rate 7%
$1,037,043
Cap Rate 9%
$806,589
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.4K – $1.21M
NOI $72,593 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$952.4K
$833.3K – $1.11M
NOI $66,667 @ 7.0% cap · market cap 5.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,613
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 primary apartments are complemented by a separate-entry basement space and off-street parking.
Where is this triplex located?
The property is located at 138 Buena Vista Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Legal 3‑family home with an additional 2bdr basement unit; Unit mix includes 3bdr, 3bdr, 2bdr, and basement 2bdr spaces; Basement unit has its own entrance
