Building Details

Building Size 3,096 SF

Year Built 1915

Construction Designer Farmhouse Style

Listing Agency: Berkshire Hathaway HS NY Prop

Listed By: Lorenzo C. Signorile · License #30SI0819616 Show Phone

Source: Totallywestchester

Added: Feb 6 Changed: Oct 14 Last Checked: Oct 16 at 5:38PM

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Investment Insights

Based on property information with market context.

Located at 200 Main St in Eastchester, this mixed-use property was built in 1915 and includes two residential apartments, a retail storefront, and a detached 2-car garage. The residential component consists of two 3/4-bedroom units. Unit 1 features a white kitchen with quartz countertops, stainless steel appliances, hardwood flooring, a marble bathroom, laundry, and driveway parking.

The property is in an RB zone with access to trains, shops, schools, and dining. Tenants pay utilities and snow removal. Lake Isle membership is available. The property is presented with a projected 6 + cap rate; buyers should verify square footage and other property data with Town Hall.

Key Highlights

• Projected 6 + cap rate
• RB zoning with mixed‑use configuration
• Two 3/4‑bedroom residential units plus 1 retail storefront

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,800

Cap Rate

4.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,376,000 $1.4M

Cap Rate 7%

$982,857 $982.9K

Cap Rate 9%

$764,444 $764.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,096 SF

Gross rent

$137.5K $44.40/SF

− Vacancy

−$12.4K −$4.00/SF

EGI

$125.1K $40.40/SF

− OpEx

−$56.3K −$18.18/SF

NOI

$68.8K $22.22/SF

Area

Yonkers, NY

Vacancy

9.00%

Lease Rate

$44.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,376,000

Cap Rate 7%

$982,857

Cap Rate 9%

$764,444

Alternative Uses

Best Use

Apartment 5plus

$982.9K

$860.0K – $1.15M (±1% cap)

NOI $68,800 @ 7.0% cap · market cap 4.92%

Second Best

Retail

$863.8K

$755.8K – $1.01M (±1% cap)

NOI $60,465 @ 7.0% cap · market cap 4.32%

Theoretical Best

Multifamily LT 5

$1.07M

$936.5K – $1.25M (±1% cap)

NOI $74,916 @ 7.0% cap · market cap 5.35%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Restaurant Law Firm Auto Repair Shop Auto Parts Store Spa & Massage Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,283

Businesses Nearby

Explore this area Business Placement

Demographics for 10709, NY

10,131

Population

3,897

Households

2.6

Avg Household Size

44

Median Age

68%

College-Educated

94%

High-School Grad

1.6 sq mi

ZIP Area

6,332

Density / Sq Mi

$175,424

Median Household Income

$87,577

Median Earnings

$1,955

Median Rent

$844,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three-unit configuration combines residential apartments, a storefront, and a detached garage in Eastchester.

Where is this mixed-use property located?

The property is located at 200 Main Street Eastchester, NY.

What is the asking price?

The asking price for this property is $1,399,000.

What are key features of this property?

This property features: Projected 6 + cap rate; RB zoning with mixed‑use configuration; Two 3/4‑bedroom residential units plus 1 retail storefront