Two-Family Duplex with Private
New
For Sale
$1,150,000
198 Vredenburgh Avenue, Yonkers, NY 10704
A finished lower level with a full bath and separate entrance adds usable space beyond the two apartments.
Property Size2,483 SF
Price / SF$463.15
Days on Market4
Property Features for 198 Vredenburgh Avenue
General Information
Standard status
Active
Size
2,483 SF
Total Parking Spaces
2
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,827
Amenities
private deck
backyard patio
finished basement
Building Details
Building Size
2,483 SF
Year Built
1959
Buildings
1
Listing Agency:
eXp Realty
Listed By:
Marc Giles
(917) 721-5415
Source:
Shawmetro
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:10AM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This detached duplex contains two apartments: a three-bedroom residence on the first floor and a two-bedroom unit above. Each apartment has formal living and dining rooms, and the upper residence includes a private deck facing the backyard. The finished basement has a full bathroom and its own entrance. Built in 1959, the property also includes a garage, driveway parking for two cars, front landscaping, and a backyard patio.
The property is on a corner lot in Yonkers, with shopping and transportation nearby. Its two separate residences, additional finished basement space, and outdoor areas provide a range of practical features within one home.
The property is on a corner lot in Yonkers, with shopping and transportation nearby. Its two separate residences, additional finished basement space, and outdoor areas provide a range of practical features within one home.
Key Highlights
- Detached duplex with two apartments
- First‑floor unit has three bedrooms; second‑floor unit has two
- Private deck off the upper apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,083
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,201,660
$1.2M
Cap Rate 7%
$858,329
$858.3K
Cap Rate 9%
$667,589
$667.6K
Market Conditions
NOI Build-Up for 2,483 SF
Gross rent
$93.9K $37.80/SF
− Vacancy
−$8.0K −$3.23/SF
EGI
$85.8K $34.57/SF
− OpEx
−$25.7K −$10.37/SF
NOI
$60.1K $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 Rate 5%
$1,201,660
Cap Rate 7%
$858,329
Cap Rate 9%
$667,589
Alternative Uses
Best Use
Multifamily LT 5
$858.3K
$751.0K – $1.00M
NOI $60,083 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$788.3K
$689.7K – $919.6K
NOI $55,178 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,163
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
Frequently Asked Questions
What type of property is this?
Duplex - A finished lower level with a full bath and separate entrance adds usable space beyond the two apartments.
Where is this duplex located?
The property is located at 198 Vredenburgh Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Detached duplex with two apartments; First‑floor unit has three bedrooms; second‑floor unit has two; Private deck off the upper apartment
