Legal 3-Family Home with
New
For Sale
$999,000
19 Ridgewood Ave, Yonkers, NY 10704
Legal three-family residence with duplex-style first floor, finished lower level, and detached two-car garage on a double lot.
Lot Size0.17 Acres
Days on Market4
Property Features for 19 Ridgewood Ave
General Information
Standard status
Active
Total Parking Spaces
8
Lot size
0.17 Acres
Property subtype
Investment
Building Details
Building Size
2,000 SF
Year Built
1894
Tenancy
Multi
Listing Agency:
DOUBLE C REALTY
(914) 629-7649
Listed By:
Kieran Dwyer
(914) 629-7649
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 6:30AM
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
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 For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.6k | $37.80 |
| − Vacancy | −$6.5k | −$3.23 |
| EGI | $69.1k | $34.57 |
| − OpEx | −$20.7k | −$10.37 |
| NOI | $48.4k | $24.20 |
2,000 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
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.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Ave 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
