Three-Story Column-Free
For Sale
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197 S Broadway Yonkers NY, Yonkers, NY 10701
Three-story warehouse with a column-free layout, 21-foot ground-floor height, and rear dock.
Property Size11,000 SF
Price / SF$209.09
Days on Market532
Property Features for 197 S Broadway Yonkers NY
General Information
Standard status
Active
Size
11,000 SF
Class
C
Property subtype
Industrial
Zoning
M1
Investment Type
Owner/User
Building Details
Year Built
1920
Year Renovated
2007
Buildings
1
Stories
3
Listing Agency:
Niko International Brokerage
Listed By:
Nijila W. Brown · License #NY 10371200656
Source:
Crexi
Added: May 13, 2025
Changed: Oct 25
Last Checked: Oct 24 at 5:49PM
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 Niko International Brokerage
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Investment Insights
Based on property information with market context.
Located at 197 S. Broadway in Yonkers, NY, this three-floor warehouse offers a column-free layout across all levels. The ground level features a 21-foot ceiling height and includes an exit on the side downstairs. A 500-square-foot mezzanine occupies the second floor, where the ceiling height is 13 feet.
The third floor provides a 16-foot ceiling height. A dock is located in the rear of the building, supporting convenient loading operations.
All floors are approximately 3,500 square feet, totaling about 11,000 square feet of warehouse space. Public remarks also note heavy foot traffic.
The third floor provides a 16-foot ceiling height. A dock is located in the rear of the building, supporting convenient loading operations.
All floors are approximately 3,500 square feet, totaling about 11,000 square feet of warehouse space. Public remarks also note heavy foot traffic.
Key Highlights
- Three‑story warehouse built in 1920 with a column‑free layout
- Ground‑level ceiling height of 21 ft with 3,500 SF per floor
- Second floor includes 500 SF mezzanine space with 13 ft ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,594
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,111,880
$3.1M
Cap Rate 7%
$2,222,771
$2.2M
Cap Rate 9%
$1,728,822
$1.7M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$195.4K $17.76/SF
− Vacancy
−$12.3K −$1.12/SF
EGI
$183.1K $16.64/SF
− OpEx
−$27.5K −$2.50/SF
NOI
$155.6K $14.14/SF
Area
Yonkers, NY
Vacancy
6.30%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,111,880
Cap Rate 7%
$2,222,771
Cap Rate 9%
$1,728,822
Alternative Uses
Best Use
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,594 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.80M
$3.33M – $4.44M
NOI $266,174 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Upright Warehouse — 50 Pond Rd, Yonkers, NY 10701
- Public Storage — 400 Nepperhan Ave, Yonkers, NY 10701
- Safeguard Self Storage — 324 Nepperhan Ave, Yonkers, NY 10701
- The Mills At Yonkers / R.J. Rose Realty — 500 Nepperhan Ave, Yonkers, NY 10701
- Let's Make A Deal of New York, LLC — 145 Saw Mill River Rd 4th floor, Yonkers, NY 10701
Frequently Asked Questions
What type of property is this?
Warehouse - Three-story warehouse with a column-free layout, 21-foot ground-floor height, and rear dock.
Where is this warehouse located?
The property is located at 197 S Broadway Yonkers NY Yonkers, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Three‑story warehouse built in 1920 with a column‑free layout; Ground‑level ceiling height of 21 ft with 3,500 SF per floor; Second floor includes 500 SF mezzanine space with 13 ft ceiling height
