Legal Three-Unit Residential
New
For Sale
$1,199,000
20 aka 22 Crescent Place, Yonkers, NY 10704
Fully occupied residential property with three independently leased two-bedroom units and a full basement.
Property Size1,923 SF
Price / SF$623.50
Days on Market5
Property Features for 20 aka 22 Crescent Place
General Information
Standard status
Active
Size
1,923 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,612
Building Details
Year Built
1908
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Century 21 Dawns Gold Realty
(914) 793-8800
Listed By:
Abraham Mathew · License #31MA0877041
Source:
Shawmetro
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 14 at 4:19AM
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 Century 21 Dawns Gold Realty
Investment Insights
Based on property information with market context.
This legally recognized three-family residential building contains three separate units, each arranged with 2 bedrooms and 1 bathroom. The property provides 1,923 total square feet across three levels, plus a full-footprint basement that can support tenant storage, laundry, or landlord facilities. Constructed in 1908, the building offers a defined configuration for multifamily ownership.
All three apartments are occupied and subject to existing leases with at least 8 months remaining. The unit layout, basement area, and current lease structure provide a straightforward operating profile for an owner seeking an occupied triplex with established tenancy.
All three apartments are occupied and subject to existing leases with at least 8 months remaining. The unit layout, basement area, and current lease structure provide a straightforward operating profile for an owner seeking an occupied triplex with established tenancy.
Key Highlights
- Three independent residential units, each with 2 bedrooms and 1 bathroom
- 1,923 total square feet across three levels
- Full‑footprint basement for storage, laundry, or landlord facilities
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
$46,532
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
3.88%
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%
$930,640
$930.6K
Cap Rate 7%
$664,743
$664.7K
Cap Rate 9%
$517,022
$517.0K
Market Conditions
NOI Build-Up for 1,923 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
$72.7K $37.80/SF
− Vacancy
−$6.2K −$3.23/SF
EGI
$66.5K $34.57/SF
− OpEx
−$19.9K −$10.37/SF
NOI
$46.5K $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%
$930,640
Cap Rate 7%
$664,743
Cap Rate 9%
$517,022
Alternative Uses
Best Use
Multifamily LT 5
$664.7K
$581.7K – $775.5K
NOI $46,532 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$610.5K
$534.2K – $712.2K
NOI $42,733 @ 7.0% cap · market cap 3.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,033
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 - Fully occupied residential property with three independently leased two-bedroom units and a full basement.
Where is this triplex located?
The property is located at 20 aka 22 Crescent Place Yonkers, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Three independent residential units, each with 2 bedrooms and 1 bathroom; 1,923 total square feet across three levels; Full‑footprint basement for storage, laundry, or landlord facilities
