Duplex with Finished
For Sale
$828,000
246 Hoover Road, Yonkers, NY 10710
Two separate apartments offer distinct one-bedroom and three-bedroom layouts.
Property Size2,160 SF
Price / SF$383.33
Days on Market50
Property Features for 246 Hoover Road
General Information
Standard status
Active
Size
2,160 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,240
Amenities
private balcony
separated laundry room
outdoor patio
First Floor Bedroom
First Floor Full Bath
Breakfast Bar
Building Details
Building Size
2,160 SF
Year Built
1963
Buildings
1
Units
2
Listing Agency:
Mint Homes LI LLC
(516) 277-6745
Listed By:
Adriana M. Pinilla
(516) 428-5687
Source:
Clairedleone
Added: Sep 6
Changed: Oct 24
Last Checked: Oct 23 at 3:18PM
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 Mint Homes LI LLC
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Investment Insights
Based on property information with market context.
This two-family property in Yonkers contains two apartments with four bedrooms in total. The first-floor unit has one bedroom, a kitchen, and a living room; the upper apartment includes three bedrooms, an open-plan kitchen, a living room, and a dining area. A finished attic adds flexible interior space, and the property also includes a private balcony, separate laundry room, and outdoor patio.
Set on a corner lot, the property has a one-car garage and driveway parking for up to three additional vehicles. Built in 1963, it is near shopping, schools, transportation, parks, and major roadways.
Set on a corner lot, the property has a one-car garage and driveway parking for up to three additional vehicles. Built in 1963, it is near shopping, schools, transportation, parks, and major roadways.
Key Highlights
- Two apartments with four bedrooms total
- Ground‑floor apartment has one bedroom; upper apartment has three
- Finished attic, private balcony, separate laundry room, and outdoor patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,267
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,340
$1.0M
Cap Rate 7%
$746,671
$746.7K
Cap Rate 9%
$580,744
$580.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$81.6K $37.80/SF
− Vacancy
−$7.0K −$3.23/SF
EGI
$74.7K $34.57/SF
− OpEx
−$22.4K −$10.37/SF
NOI
$52.3K $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%
$1,045,340
Cap Rate 7%
$746,671
Cap Rate 9%
$580,744
Alternative Uses
Best Use
Multifamily LT 5
$746.7K
$653.3K – $871.1K
NOI $52,267 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 5.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
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Business Placement
Demographics for 10710, NY
26,725
Population
10,107
Households
2.6
Avg Household Size
46
Median Age
44%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
5,810
Density / Sq Mi
$100,783
Median Household Income
$58,949
Median Earnings
$1,797
Median Rent
$534,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer distinct one-bedroom and three-bedroom layouts.
Where is this duplex located?
The property is located at 246 Hoover Road Yonkers, NY.
What is the asking price?
The asking price for this property is $828,000.
What are key features of this property?
This property features: Two apartments with four bedrooms total; Ground‑floor apartment has one bedroom; upper apartment has three; Finished attic, private balcony, separate laundry room, and outdoor patio
