Corner Mixed-Use
For Sale
$2,995,000
166 Yonkers Avenue, Yonkers, NY 10701
Includes a two-bedroom, two-bathroom residential component alongside commercial warehouse space.
Property Size12,796 SF
Days on Market132
Property Features for 166 Yonkers Avenue
General Information
Standard status
Active
Size
12,796 SF
Property subtype
Commercial
Zoning
BA
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,637
Building Details
Building Size
12,796 SF
Year Built
1930
Listing Agency:
Today Realty Corp.
(914) 619-0404
Listed By:
Thomas J. Nigro
(914) 619-0404
Source:
Alexandermadisonhomes
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 25 at 9:08AM
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 Today Realty Corp.
Investment Insights
Based on property information with market context.
Located at 166 Yonkers Avenue in Yonkers, New York, this mixed-use property combines a two-bedroom, two-bathroom residential component with a commercial warehouse. The corner-lot configuration provides separate residential and commercial functionality within one property.
Built in 1930, the property is zoned BA. Its Yonkers Avenue location offers access to major highways, public transportation, and surrounding business hubs, supporting a range of established or expanding commercial operations.
Built in 1930, the property is zoned BA. Its Yonkers Avenue location offers access to major highways, public transportation, and surrounding business hubs, supporting a range of established or expanding commercial operations.
Key Highlights
- Two‑bedroom, two‑bathroom residential component
- Commercial warehouse included
- Corner‑lot configuration
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
$241,844
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
8.07%
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%
$4,836,880
$4.8M
Cap Rate 7%
$3,454,914
$3.5M
Cap Rate 9%
$2,687,156
$2.7M
Market Conditions
NOI Build-Up for 12,796 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
$429.9K $33.60/SF
− Vacancy
−$43.0K −$3.36/SF
EGI
$387.0K $30.24/SF
− OpEx
−$145.1K −$11.34/SF
NOI
$241.8K $18.90/SF
Area
Yonkers, NY
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
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%
$4,836,880
Cap Rate 7%
$3,454,914
Cap Rate 9%
$2,687,156
Alternative Uses
Best Use
Mixed Use
$3.45M
$3.02M – $4.03M
NOI $241,844 @ 7.0% cap · market cap 8.07%
Second Best
Flex RnD
$2.90M
$2.54M – $3.39M
NOI $203,111 @ 7.0% cap · market cap 6.78%
Theoretical Best
Multifamily LT 5
$4.42M
$3.87M – $5.16M
NOI $309,633 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,272
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a two-bedroom, two-bathroom residential component alongside commercial warehouse space.
Where is this mixed-use property located?
The property is located at 166 Yonkers Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom residential component; Commercial warehouse included; Corner‑lot configuration
