Two-Unit Duplex with
New
For Sale
$1,250,000
235 Bronx River Road, Yonkers, NY 10704
Each residence has private laundry, hardwood flooring, and an updated eat-in kitchen.
Property Size3,454 SF
Price / SF$361.90
Days on Market4
Property Features for 235 Bronx River Road
General Information
Standard status
Active
Size
3,454 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$15,544
Building Details
Building Size
3,454 SF
Year Built
2003
Listing Agency:
Keller Williams Realty Group
Listed By:
Alexandra L. Fischer
(914) 557-8212
Source:
Shawmetro
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 5:41PM
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 Keller Williams Realty Group
Investment Insights
Based on property information with market context.
Built in 2003, this duplex contains 3,454 square feet arranged as two matching residences. Each has three bedrooms, two full bathrooms, hardwood floors, private laundry, and an updated eat-in kitchen with quartz countertops and stainless steel appliances. Natural light and storage are provided in both units. Parking consists of two garages and four driveway spaces.
Wakefield Metro-North station is steps away, with trains reaching Grand Central in approximately 23 minutes. The 2 subway line, shopping, everyday services, and major highways are also nearby. The two residences may be rented separately or configured for an owner living in one unit while renting the other.
Wakefield Metro-North station is steps away, with trains reaching Grand Central in approximately 23 minutes. The 2 subway line, shopping, everyday services, and major highways are also nearby. The two residences may be rented separately or configured for an owner living in one unit while renting the other.
Key Highlights
- Two matching units, each with 3 bedrooms and 2 full bathrooms
- 3,454 square feet in a duplex built in 2003
- Six parking spaces: two garage spaces and four in the driveway
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
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has private laundry, hardwood flooring, and an updated eat-in kitchen.
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 matching units, each with 3 bedrooms and 2 full bathrooms; 3,454 square feet in a duplex built in 2003; Six parking spaces: two garage spaces and four in the driveway
