Newly Renovated Two-Family
For Sale
$998,000
147 Orchard Street, Yonkers, NY 10703
Residential Income, Yonkers, NY
Property Size2,842 SF
Lot Size0.14 Acres
Price / SF$351.16
Days on Market294
Property Features for 147 Orchard Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Garage
Interior features
Marble Counters, Natural Woodwork, Open Kitchen
Basement
Full
Elementary school
Yonkers (School Choice)
Elementary school district
Yonkers
Standard status
Active
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11936
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2005
Number of units
2
Building materials
Fiberglass Siding
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hong Qing Lin
(917) 684-8981
Added: Oct 31, 2025
Changed: Aug 20
Last Checked: Aug 20 at 4:06PM
MLS# 930603
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Newly renovated legal two-family home at 147 Orchard Street, Yonkers, NY, built in 2005. The property sits on a 50 x 125 sq. ft. lot and offers 2,842 sq. ft. of building space. The ground level includes a garage and a laundry room. The second floor features a living room, kitchen, and bathroom. The third floor offers three bedrooms and a full bathroom.
Interior finishes include marble counters, natural woodwork, and an open kitchen layout. The home is heated with natural gas and cooled with window unit(s)/wall or window unit(s). Exterior construction materials include fiberglass siding. Utilities connect to public water and public sewer, with natural gas available. Parking is provided via a garage.
One unit is vacant and move-in ready, while the other unit is occupied by a reliable tenant.
Interior finishes include marble counters, natural woodwork, and an open kitchen layout. The home is heated with natural gas and cooled with window unit(s)/wall or window unit(s). Exterior construction materials include fiberglass siding. Utilities connect to public water and public sewer, with natural gas available. Parking is provided via a garage.
One unit is vacant and move-in ready, while the other unit is occupied by a reliable tenant.
Key Highlights
- Legal two‑family home renovated and built in 2005
- 2,842 sq. ft. of building space on a 50 x 125 sq. ft. lot
- Ground level has garage plus a laundry room
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
$68,770
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
6.89%
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%
$1,375,400
$1.4M
Cap Rate 7%
$982,429
$982.4K
Cap Rate 9%
$764,111
$764.1K
Market Conditions
NOI Build-Up for 2,842 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
$107.4K $37.80/SF
− Vacancy
−$9.2K −$3.23/SF
EGI
$98.2K $34.57/SF
− OpEx
−$29.5K −$10.37/SF
NOI
$68.8K $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%
$1,375,400
Cap Rate 7%
$982,429
Cap Rate 9%
$764,111
Alternative Uses
Best Use
Multifamily LT 5
$982.4K
$859.6K – $1.15M
NOI $68,770 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$902.2K
$789.4K – $1.05M
NOI $63,155 @ 7.0% cap · market cap 6.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 10703, NY
22,571
Population
7,925
Households
2.8
Avg Household Size
39
Median Age
26%
College-Educated
80%
High-School Grad
1.6 sq mi
ZIP Area
14,107
Density / Sq Mi
$74,940
Median Household Income
$42,972
Median Earnings
$1,702
Median Rent
$477,500
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?
Duplex - Legal two-family home with one move-in ready unit and another unit occupied by a tenant, plus garage and laundry space.
Where is this duplex located?
The property is located at 147 Orchard Street Yonkers, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Legal two‑family home renovated and built in 2005; 2,842 sq. ft. of building space on a 50 x 125 sq. ft. lot; Ground level has garage plus a laundry room
