3-Unit Brick
New
For Sale
$1,275,000
23 Ridgewood Avenue, Yonkers, NY 10704
Three residences combine two larger layouts with a separate one-bedroom unit.
Property Size3,910 SF
Price / SF$326.09
Days on Market4
Property Features for 23 Ridgewood Avenue
General Information
Standard status
Active
Size
3,910 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$26,100
Amenities
outdoor patio
Building Details
Building Size
3,910 SF
Year Built
1983
Buildings
1
Construction
brick
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Thomas C. Hennessy
(914) 843-8535
Source:
Shawmetro
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:14AM
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 Houlihan Lawrence Inc.
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Investment Insights
Based on property information with market context.
Built in 1983, this brick triplex contains three residences: two units with three bedrooms and two bathrooms each, plus a one-bedroom, one-bathroom unit. Each residence has its own outdoor patio. A one-car garage and driveway provide off-street parking.
The property is at 23 Ridgewood Avenue in Yonkers, with access to shopping, dining, local services, major roadways, and public transportation. Nearby parks and recreational options are also noted.
The property is at 23 Ridgewood Avenue in Yonkers, with access to shopping, dining, local services, major roadways, and public transportation. Nearby parks and recreational options are also noted.
Key Highlights
- Three separate residences: two 3‑bedroom, 2‑bath units and one 1‑bedroom, 1‑bath unit
- Brick construction; built in 1983
- Private outdoor patio for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,613
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,892,260
$1.9M
Cap Rate 7%
$1,351,614
$1.4M
Cap Rate 9%
$1,051,256
$1.1M
Market Conditions
NOI Build-Up for 3,910 SF
Gross rent
$147.8K $37.80/SF
− Vacancy
−$12.6K −$3.23/SF
EGI
$135.2K $34.57/SF
− OpEx
−$40.5K −$10.37/SF
NOI
$94.6K $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 Rate 5%
$1,892,260
Cap Rate 7%
$1,351,614
Cap Rate 9%
$1,051,256
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,613 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $86,889 @ 7.0% cap · market cap 6.81%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences combine two larger layouts with a separate one-bedroom unit.
Where is this triplex located?
The property is located at 23 Ridgewood Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Three separate residences: two 3‑bedroom, 2‑bath units and one 1‑bedroom, 1‑bath unit; Brick construction; built in 1983; Private outdoor patio for each unit
