Renovated Triplex with
For Sale
$1,250,000
155 Voss Avenue, Yonkers, NY 10703
Three-unit residential property with updated interiors, private outdoor access, and a finished lower level with its own entrance.
Property Size3,744 SF
Price / SF$333.87
Days on Market12
Property Features for 155 Voss Avenue
General Information
Standard status
Active
Size
3,744 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$11,176
Amenities
patio/yard access
finished basement
separate entrance
stainless steel appliances
eat-in kitchens
garage
Building Details
Building Size
3,744 SF
Year Built
1892
Buildings
1
Listing Agency:
Winzone Realty Inc
Listed By:
Alon A. Yosopov · License #10401378143
368
Source:
Shawmetro
Added: Sep 16
Changed: Sep 20
Last Checked: Sep 26 at 1:22PM
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 renovated triplex contains three separate residences, each offering stainless steel appliances, an eat-in kitchen, living and dining areas, and a full bathroom. Patio and yard access extend the usable space, while the finished ground-level basement includes a separate entrance. A multi-car garage provides additional on-site parking and storage capacity.
The property is located in Monastery Heights at 155 Voss Ave in Yonkers. WalkScore is 55, TransitScore is 53, and BikeScore is 27. Originally built in 1892, the building combines a historic structure with updated residential finishes and income-producing use.
The property is located in Monastery Heights at 155 Voss Ave in Yonkers. WalkScore is 55, TransitScore is 53, and BikeScore is 27. Originally built in 1892, the building combines a historic structure with updated residential finishes and income-producing use.
Key Highlights
- Three separate residential units with updated interiors
- Stainless steel appliances and eat‑in kitchens in each unit
- Finished ground‑level basement with separate 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
$90,596
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
7.25%
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%
$1,811,920
$1.8M
Cap Rate 7%
$1,294,229
$1.3M
Cap Rate 9%
$1,006,622
$1.0M
Market Conditions
NOI Build-Up for 3,744 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
$141.5K $37.80/SF
− Vacancy
−$12.1K −$3.23/SF
EGI
$129.4K $34.57/SF
− OpEx
−$38.8K −$10.37/SF
NOI
$90.6K $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%
$1,811,920
Cap Rate 7%
$1,294,229
Cap Rate 9%
$1,006,622
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,596 @ 7.0% cap · market cap 7.25%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,200 @ 7.0% cap · market cap 6.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,393
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated interiors, private outdoor access, and a finished lower level with its own entrance.
Where is this triplex located?
The property is located at 155 Voss Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three separate residential units with updated interiors; Stainless steel appliances and eat‑in kitchens in each unit; Finished ground‑level basement with separate entrance
