Duplex with Garage
For Sale
$1,250,000
235 Bronx River Road, Yonkers, NY 10704
Residential Income, Yonkers, NY
Property Size3,454 SF
Lot Size0.12 Acres
Price / SF$361.90
Days on Market12
Property Features for 235 Bronx River Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 1
Parking
6
Parking features
Driveway, Garage
Interior features
Ceiling Fan(s), Eat-in Kitchen, High Ceilings, Primary Bathroom, Master Downstairs, Quartz/Quartzite Counters, Recessed Lighting, Storage, Walk-In Closet(s)
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
1800-006-000-06279-000-0020
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
15544
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
2003
Number of units
2
Flooring type
Hardwood
Additional Structures
Storage
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Alexandra L. Fischer
(914) 557-8212
Added: Sep 24
Changed: Sep 29
Last Checked: Oct 5 at 8:06AM
MLS# 1055638
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 2003 duplex contains 3,454 square feet across two matching apartments. Each residence has three bedrooms, two full bathrooms, hardwood flooring, its own laundry, and an eat-in kitchen with quartz counters and stainless steel appliances. The property also includes two garages and four driveway parking spaces on a 0.1181-acre lot.
Wakefield Metro-North station is steps away, with service to Grand Central in approximately 23 minutes. The 2 subway line, shopping, everyday services, and major highways are also nearby.
Wakefield Metro-North station is steps away, with service to Grand Central in approximately 23 minutes. The 2 subway line, shopping, everyday services, and major highways are also nearby.
Key Highlights
- Two apartments, each with 3 bedrooms and 2 full bathrooms
- 3,454 square feet in a duplex built in 2003
- Each residence has its own laundry and an eat‑in kitchen with quartz counters and stainless steel appliances
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
$83,579
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
6.69%
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%
$1,671,580
$1.7M
Cap Rate 7%
$1,193,986
$1.2M
Cap Rate 9%
$928,656
$928.7K
Market Conditions
NOI Build-Up for 3,454 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
$130.6K $37.80/SF
− Vacancy
−$11.2K −$3.23/SF
EGI
$119.4K $34.57/SF
− OpEx
−$35.8K −$10.37/SF
NOI
$83.6K $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 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%
$1,671,580
Cap Rate 7%
$1,193,986
Cap Rate 9%
$928,656
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,579 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$1.10M
$959.4K – $1.28M
NOI $76,755 @ 7.0% cap · market cap 6.14%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,804
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
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?
Duplex - Two matching apartments offer separate laundry and access to nearby Metro-North service.
Where is this duplex located?
The property is located at 235 Bronx River Road Yonkers, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 2 full bathrooms; 3,454 square feet in a duplex built in 2003; Each residence has its own laundry and an eat‑in kitchen with quartz counters and stainless steel appliances
