Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Yonkers 4-Family Building Title is generated by Realmo AI

    17 Chestnut Street, Yonkers, NY 10701

    View on Map
    Claim this Listing
    For Sale
    $1,249,000

    Fully renovated, income-producing 4-family building with additional income streams.

    Type:Commercial
    Added:
    Apr 2, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 2 at 8:12 pm

    Property Features for 17 Chestnut Street

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1925

    We can help!

    Listing Contact
    SHUAI ZHENG

    Listing agent SHUAI ZHENG

    Listing office REALMART REALTY LLC

    Listing date Apr 2, 2026

    Source Corcoran

    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 REALMART REALTY LLC

    HighLights

    • High Gross Annual Income: $135,600 with upside potential
    • Fully Renovated in 2018
    • Four Income Streams: Four Apartments, Storefront, and Two Garages
    • Low Property Taxes: Only $15,633 for 2024
    • Tenants Pay for Their Own Heat and Gas
    • Well‑maintained 4‑family corner building

    Overview

    This well-maintained 4-family building in Yonkers presents an investment opportunity. Renovated in 2018, the corner property features a flexible layout comprising one one-bedroom apartment, one three-bedroom apartment, and two four-bedroom apartments. Each unit includes one full bathroom. Additional income is generated from a storefront, currently used as storage, and two large three-car garages used as a warehouse. The total gross annual income is $135,600. Tenants are responsible for their own heat and gas, which minimizes owner expenses. The property is located in a quiet corner of Yonkers and offers strong rental income and high demand in the area. The property taxes are $15,633 for 2024.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8907661
    Latitude
    40.935531

    Nearby Similar for Sale

    • $2,995,000
      15,470 SF

      Yonkers Commercial Property with Income

      Mixed-use property with multiple spaces and income potential.
      161 Saw Mill River Road, Yonkers, NY 10701
      View Details
    • $1,300,000

      Yonkers Auto Body Business Opportunity

      Operating auto body business and real estate for sale.
      439 Nepperhan Avenue, Yonkers, NY 10703
      View Details
    • $1,579,000
      7,398 SF

      Yonkers Multifamily Investment Opportunity

      Six-unit building in downtown Yonkers with upside potential.
      95 Buena Vista Avenue, Yonkers, NY 10701
      View Details
    • $1,579,000
      7,398 SF

      Yonkers Multifamily Value-Add Opportunity

      Six-unit multifamily building in downtown Yonkers with renovation upside.
      95 Buena Vista Avenue, Yonkers, NY 10701
      View Details
    • $1,125,000

      Yonkers Triplex Investment Opportunity

      Fully occupied triplex in Yonkers with immediate rental income.
      94 William Street, Yonkers, NY 10701
      View Details
    • $1,295,000
      3,511 SF

      915 Palmer Road; Bronxville, NY 10708

      Four-story, 3,511 SF medical/professional office near transportation and hospital.
      915 Palmer Rd, Unit Bronxville, Bronxville, NY 10708
      View Details
    • $1,075,000

      Renovated Two-Family Home in Yonkers

      Legal two-family home with modern updates and income potential.
      419 Palmer Road, Yonkers, NY 10701
      View Details
    • $284,500

      Yonkers Restaurant/Bar Business Opportunity

      Restaurant/Bar business for sale in the Bryn Mawr area.
      13-15 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $749,000

      Immaculate Two-Family Home in Yonkers

      Exceptional, updated two-family home in desirable McLean Heights.
      96 Wakefield Avenue, Yonkers, NY 10704
      View Details
    • $1,199,000

      Yonkers Legal 2-Family Home

      Immaculate, turnkey 2-family home in McLean Heights, Yonkers.
      47 Glover Avenue, Yonkers, NY 10704
      View Details
    • $1,649,000

      Yonkers Multifamily Home with Office

      Legal two-family home with additional living spaces and office.
      86 Smart, Yonkers, NY 10704
      View Details
    • $1,399,000
      3,700 SF

      Yonkers Two-Family Brick Residence

      Spacious, renovated two-family home in Bryn Mawr, Yonkers.
      185 Bennett Avenue, Yonkers, NY 10701
      View Details

    FAQs

    What type of property is this?
    Quadplex - Fully renovated, income-producing 4-family building with additional income streams.
    Where is this quadplex located?
    The property is located at 17 Chestnut Street Yonkers, NY.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: High Gross Annual Income: $135,600 with upside potential; Fully Renovated in 2018; Four Income Streams: Four Apartments, Storefront, and Two Garages
    (888) 362-6543
    We can help!
    Listing Contact
    SHUAI ZHENG
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17 Chestnut Street, Yonkers, NY 10701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!