Legal Three-Family
For Sale
$1,199,000
20 aka 22 Crescent Place, Yonkers, NY 10704
Residential Income, Yonkers, NY
Property Size1,923 SF
Lot Size0.11 Acres
Price / SF$623.50
Days on Market15
Property Features for 20 aka 22 Crescent Place
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 4
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Open Kitchen
Basement
Finished, Walk-Out Access, Full
Subdivision
Sherwood Park
Elementary school
Yonkers (School Choice)
Middle school
Yonkers (School Choice)
High school
Yonkers (School Choice)
Elementary school district
Yonkers
Middle school district
Yonkers
High school district
Yonkers
Standard status
Active
APN
1800-006-000-06384-000-0027-28
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13612
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1908
Number of units
3
Building materials
Aluminum Siding, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Century 21 Dawns Gold Realty · Century 21 Real Estate
(914) 793-8800
Listed By:
Abraham Mathew · License #31MA0877041
(914) 793-8800
Added: Aug 10
Changed: Aug 20
Last Checked: Aug 24 at 12:06PM
MLS# 1034742
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1908 Colonial-style triplex is configured as three independent two-bedroom, one-bathroom apartments. The fully legal three-family property includes a full-footprint basement that can support tenant storage, laundry installation, or landlord utility space. Interior features include eat-in and open kitchens, an entrance foyer, and first-floor bedroom and full-bath accommodations.
All three units are occupied, with existing leases carrying at least 8 months remaining. The 0.1149-acre property includes garage and driveway parking, aluminum and vinyl siding, oil heat, public water, and public sewer. Located in Yonkers, NY, the property is identified by the address 20 aka 22 Crescent Place.
All three units are occupied, with existing leases carrying at least 8 months remaining. The 0.1149-acre property includes garage and driveway parking, aluminum and vinyl siding, oil heat, public water, and public sewer. Located in Yonkers, NY, the property is identified by the address 20 aka 22 Crescent Place.
Key Highlights
- Fully legal three‑family triplex with three independent apartments
- Each unit offers a 2‑bedroom, 1‑bathroom layout
- 100% occupied with leases having at least 8 months remaining
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
Location Intelligence
Trade Area within ½ mile
1,957
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three leased residential units with full-basement utility and storage space in a Colonial-style property.
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: Fully legal three‑family triplex with three independent apartments; Each unit offers a 2‑bedroom, 1‑bathroom layout; 100% occupied with leases having at least 8 months remaining
