Residential Income
For Sale
$2,100,000
225 Edgewood Avenue, Yonkers, NY 10704
Quiet Yonkers setting with scenic views and convenient access to shopping, transit, and primary highways.
Property Size3,348 SF
Days on Market20
Property Features for 225 Edgewood Avenue
General Information
Standard status
Active
Size
3,348 SF
Total Parking Spaces
15
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,531
Building Details
Building Size
3,348 SF
Year Built
1907
Units
4
Listing Agency:
Voro LLC
(929) 900-6223
Listed By:
Naftali Adler
(929) 900-6223
Source:
Cohenandcohenrealty
Added: Jul 24
Changed: Aug 2
Last Checked: Aug 12 at 12:23PM
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 Voro LLC
Investment Insights
Based on property information with market context.
Located at 225 Edgewood Avenue, this residential income property dates to 1907 and occupies a quiet, low-traffic street in Yonkers. The surrounding neighborhood is residential in character, with scenic views contributing to the setting.
Everyday amenities are nearby, including local delis, convenience stores, banks, and major shopping centers. Public transportation and primary highways are also within minutes, providing access to area destinations and commuter routes.
Everyday amenities are nearby, including local delis, convenience stores, banks, and major shopping centers. Public transportation and primary highways are also within minutes, providing access to area destinations and commuter routes.
Key Highlights
- Residential income property at 225 Edgewood Avenue, Yonkers, NY 10704
- Built in 1907
- Quiet, low‑traffic residential street
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
$74,400
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
3.54%
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%
$1,488,000
$1.5M
Cap Rate 7%
$1,062,857
$1.1M
Cap Rate 9%
$826,667
$826.7K
Market Conditions
NOI Build-Up for 3,348 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
$148.7K $44.40/SF
− Vacancy
−$13.4K −$4.00/SF
EGI
$135.3K $40.40/SF
− OpEx
−$60.9K −$18.18/SF
NOI
$74.4K $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%
$1,488,000
Cap Rate 7%
$1,062,857
Cap Rate 9%
$826,667
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$930.0K – $1.24M
NOI $74,400 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $81,014 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,493
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Quiet Yonkers setting with scenic views and convenient access to shopping, transit, and primary highways.
Where is this residential income property located?
The property is located at 225 Edgewood Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Residential income property at 225 Edgewood Avenue, Yonkers, NY 10704; Built in 1907; Quiet, low‑traffic residential street
