5-Unit Apartment
New
For Sale
$1,499,999
208 Tompkins Road, Yonkers, NY 10703
Commercial Sale, Yonkers, NY
Property Size4,896 SF
Lot Size0.22 Acres
Price / SF$306.37
Days on Market5
Property Features for 208 Tompkins Road
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Driveway
Security features
Security
Basement
Walk-Out Access, Finished
Lot features
Back Yard, Front Yard, Landscaped, Near Public Transit, Private
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
551800 3.-3333-68.71
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16500
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1911
Number of units
5
Flooring type
Wood
Building materials
Brick, Stucco
Listing Agency:
RE/MAX Distinguished Hms.&Prop · RE/MAX International
(914) 346-8255
Listed By:
Mirsada Muratovic · License #10401360478
(646) 402-2199
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 14 at 10:06PM
MLS# 1049883
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 5-unit apartment property at 208 Tompkins Road includes two 2-bedroom, 1-bath apartments and three 1-bedroom, 1-bath apartments. The building contains approximately 4,896 square feet and includes a renovated finished walk-out basement with additional recreational or bonus space. Interior features include wood flooring, natural gas heat, window or wall/window cooling units, and separate electric and gas meters.
The property occupies a 0.22-acre double lot in Yonkers, Westchester County, with driveway parking, landscaped front and rear yards, and private outdoor space. Public water and public sewer serve the building. Constructed in 1911, the brick and stucco property is near public transportation and is fully occupied. The reported cap rate is 7%.
The property occupies a 0.22-acre double lot in Yonkers, Westchester County, with driveway parking, landscaped front and rear yards, and private outdoor space. Public water and public sewer serve the building. Constructed in 1911, the brick and stucco property is near public transportation and is fully occupied. The reported cap rate is 7%.
Key Highlights
- Five fully occupied apartment units
- Unit mix includes two 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
- Approximately 4,896 square feet on a 0.22‑acre double lot
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
$108,800
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
7.25%
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%
$2,176,000
$2.2M
Cap Rate 7%
$1,554,286
$1.6M
Cap Rate 9%
$1,208,889
$1.2M
Market Conditions
NOI Build-Up for 4,896 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
$217.4K $44.40/SF
− Vacancy
−$19.6K −$4.00/SF
EGI
$197.8K $40.40/SF
− OpEx
−$89.0K −$18.18/SF
NOI
$108.8K $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%
$2,176,000
Cap Rate 7%
$1,554,286
Cap Rate 9%
$1,208,889
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.36M – $1.81M
NOI $108,800 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,472 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 10703, NY
22,571
Population
7,925
Households
2.8
Avg Household Size
39
Median Age
26%
College-Educated
80%
High-School Grad
1.6 sq mi
ZIP Area
14,107
Density / Sq Mi
$74,940
Median Household Income
$42,972
Median Earnings
$1,702
Median Rent
$477,500
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with private driveway parking and a renovated finished walk-out basement.
Where is this apartment building located?
The property is located at 208 Tompkins Road Yonkers, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Five fully occupied apartment units; Unit mix includes two 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units; Approximately 4,896 square feet on a 0.22‑acre double lot
