Legal 3-Family Home with
For Sale
$999,000
Pending
19 Ridgewood Avenue, Yonkers, NY 10704
Legal three-family residence with duplex-style first floor, finished lower level, and detached two-car garage on a double lot.
Property Size2,000 SF
Lot Size0.17 Acres
Days on Market96
Property Features for 19 Ridgewood Avenue
General Information
Standard status
Pending
Size
2,000 SF
Total Parking Spaces
8
Lot size
0.17 Acres
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$17,760
Building Details
Building Size
2,000 SF
Year Built
1894
Tenancy
Multi
Listing Agency:
Double C Realty
Listed By:
Kieran Dwyer
(914) 629-7649
Source:
Shawmetro
Added: Jul 27
Changed: Oct 26
Last Checked: Oct 28 at 3:20PM
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 Double C Realty
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Investment Insights
Based on property information with market context.
This legal 3-family home is set on an expansive double lot and features a duplex-style first-floor arrangement with a 3-bedroom layout, a spacious living room, formal dining room, and a kitchen with updated appliances and direct access to the finished lower level. The lower level includes a recreation room, home office, abundant storage, a laundry area, and a utility room. The second floor offers a 2-bedroom apartment, and the third floor includes a 1-bedroom apartment with abundant natural sunlight.
Outdoor space includes a side yard and a massive backyard suitable for gatherings and everyday use. An oversized driveway accommodates up to six vehicles and is complemented by a detached two-car garage.
Conveniently positioned near Metro-North, Bee-Line buses, Cross County Shopping Center, major parkways, restaurants, and everyday conveniences, the property provides easy commuter access to NYC.
Outdoor space includes a side yard and a massive backyard suitable for gatherings and everyday use. An oversized driveway accommodates up to six vehicles and is complemented by a detached two-car garage.
Conveniently positioned near Metro-North, Bee-Line buses, Cross County Shopping Center, major parkways, restaurants, and everyday conveniences, the property provides easy commuter access to NYC.
Key Highlights
- Legal 3‑family home built in 1894 on a double lot measuring 75 x 100
- First‑floor unit offers a 3‑bedroom layout with living room, formal dining room, and kitchen with direct access to the finished lower level
- Second floor has a 2‑bedroom apartment; third floor features a 1‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,395
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,900
$967.9K
Cap Rate 7%
$691,357
$691.4K
Cap Rate 9%
$537,722
$537.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$75.6K $37.80/SF
− Vacancy
−$6.5K −$3.23/SF
EGI
$69.1K $34.57/SF
− OpEx
−$20.7K −$10.37/SF
NOI
$48.4K $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 Rate 5%
$967,900
Cap Rate 7%
$691,357
Cap Rate 9%
$537,722
Alternative Uses
Best Use
Multifamily LT 5
$691.4K
$604.9K – $806.6K
NOI $48,395 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$634.9K
$555.6K – $740.7K
NOI $44,444 @ 7.0% cap · market cap 4.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
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Business Placement
Demographics for 10704, NY
32,426
Population
12,576
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
12,010
Density / Sq Mi
$110,097
Median Household Income
$57,134
Median Earnings
$1,898
Median Rent
$508,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family residence with duplex-style first floor, finished lower level, and detached two-car garage on a double lot.
Where is this triplex located?
The property is located at 19 Ridgewood Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal 3‑family home built in 1894 on a double lot measuring 75 x 100; First‑floor unit offers a 3‑bedroom layout with living room, formal dining room, and kitchen with direct access to the finished lower level; Second floor has a 2‑bedroom apartment; third floor features a 1‑bedroom apartment
