Legal Three-Family
For Sale
$1,199,000
20 aka 22 Crescent Place, Yonkers, NY 10704
Residential Income, Yonkers, NY
Property Size1,923 SF
Price / SF$623.50
Days on Market53
Property Features for 20 aka 22 Crescent Place
General Information
Property type
Residential Multi Family
Property subtype
Other
High school district
Yonkers
Standard status
Active
APN
1800-006-000-06384-000-0027-28
Listing Agency:
CENTURY 21 DAWNS GOLD
Listed By:
Abraham Mathew · License #31MA0877041
(914) 793-8800
Added: Aug 6
Changed: Sep 22
Last Checked: Sep 27 at 7:06AM
MLS# 11922546
Copyright © 2026 My State 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 Yonkers triplex contains three independent residential apartments, each arranged with two bedrooms and one bathroom. The fully legal three-family configuration is supported by a full-footprint basement that can accommodate tenant storage, laundry installation, or landlord utility space.
The building is 100% occupied, with all three apartments subject to existing leases carrying at least 8 months remaining. Located at 20 aka 22 Crescent Place in Yonkers, the property offers an established residential income configuration with separate units and additional basement area.
The building is 100% occupied, with all three apartments subject to existing leases carrying at least 8 months remaining. Located at 20 aka 22 Crescent Place in Yonkers, the property offers an established residential income configuration with separate units and additional basement area.
Key Highlights
- Three independent units, each with a 2‑bedroom, 1‑bathroom layout
- Fully legal three‑family triplex configuration
- 100% occupied with tenants in place
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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?
Triplex - Fully occupied residential asset with three separate 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 units, each with a 2‑bedroom, 1‑bathroom layout; Fully legal three‑family triplex configuration; 100% occupied with tenants in place
