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: Sep 12 Last Checked: Sep 12 at 7:01AM

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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 Berkshire Hathaway HS NY Prop

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 = 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

$68,800

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

4.92%

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%

$1,376,000 $1.4M

Cap Rate 7%

$982,857 $982.9K

Cap Rate 9%

$764,444 $764.4K

Market Conditions

NOI Build-Up for 3,096 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

$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 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%

$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.

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

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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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