Renovated Two-Family
New
For Sale
$950,000
191 Hildreth Pl, Yonkers, NY 10704
Two separate residences with updated upper-level finishes, private outdoor areas, dual driveways, and two garage spaces.
Property Size2,278 SF
Price / SF$417.03
Days on Market4
Property Features for 191 Hildreth Pl
General Information
Standard status
Active
Size
2,278 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
deck
laundry room
Building Details
Year Built
1956
Buildings
1
Construction
Colonial
Listing Agency:
Bizzarro Agency, LLC
Listed By:
Matthew J. Bizzarro
(917) 979-2259
Source:
Searchhomesinlongisland
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 12 at 2:23PM
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 Bizzarro Agency, LLC
Investment Insights
Based on property information with market context.
This Colonial-style duplex, built in 1956, is arranged as two independent residences within a four-bedroom, two-bath home. The main-level unit includes a living room with hardwood flooring, a large eat-in kitchen, generously sized bedrooms, and access to a deck and rear yard. The upper residence features an updated kitchen, separate dining and living rooms, corner-exposure primary bedroom, and a renovated bath. Additional interior space includes a basement laundry room.
The property occupies a landscaped lot with lawns, planted beds, shrubs, and mature shade trees. Two driveways and two garage spaces provide on-site parking and functional separation for the residences. Located in Yonkers, the home offers access to I-87, the Bronx River Parkway, and a Metro North train station.
The property occupies a landscaped lot with lawns, planted beds, shrubs, and mature shade trees. Two driveways and two garage spaces provide on-site parking and functional separation for the residences. Located in Yonkers, the home offers access to I-87, the Bronx River Parkway, and a Metro North train station.
Key Highlights
- Two separate residences within a four‑bedroom, two‑bath duplex
- Built in 1956 with an updated upper unit
- Two driveways and two garage spaces
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
$55,122
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
5.80%
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%
$1,102,440
$1.1M
Cap Rate 7%
$787,457
$787.5K
Cap Rate 9%
$612,467
$612.5K
Market Conditions
NOI Build-Up for 2,278 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
$86.1K $37.80/SF
− Vacancy
−$7.4K −$3.23/SF
EGI
$78.7K $34.57/SF
− OpEx
−$23.6K −$10.37/SF
NOI
$55.1K $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%
$1,102,440
Cap Rate 7%
$787,457
Cap Rate 9%
$612,467
Alternative Uses
Best Use
Multifamily LT 5
$787.5K
$689.0K – $918.7K
NOI $55,122 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$723.2K
$632.8K – $843.7K
NOI $50,622 @ 7.0% cap · market cap 5.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,431
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Two separate residences with updated upper-level finishes, private outdoor areas, dual driveways, and two garage spaces.
Where is this duplex located?
The property is located at 191 Hildreth Pl Yonkers, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two separate residences within a four‑bedroom, two‑bath duplex; Built in 1956 with an updated upper unit; Two driveways and two garage spaces
