18-Unit Apartment Building
For Sale
$4,500,000
256-258 Woodworth Avenue, Yonkers, NY 10701
The package combines occupied apartments with an area that accommodates vehicle parking.
Property Size15,674 SF
Price / SF$287.10
Days on Market8
Property Features for 256-258 Woodworth Avenue
General Information
Standard status
Active
Size
15,674 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
18
Taxes and HOA fees
Annual Taxes
$63,806
Building Details
Building Size
15,674 SF
Year Built
1910
Buildings
2
Listing Agency:
Signature Premier Properties
Listed By:
Fanny Calle
(516) 787-5812
Source:
Shawmetro
Added: Oct 8
Changed: Oct 11
Last Checked: Oct 13 at 1:40AM
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 Signature Premier Properties
Investment Insights
Based on property information with market context.
Two attached apartment buildings are offered together as an 18-unit portfolio in Yonkers. The apartments are fully occupied, and the units have been updated. The property dates to 1910.
One building includes nearly 4,000 square feet that provides parking for 10 vehicles. The Ludlow Metro-North station and Hudson River waterfront are nearby.
One building includes nearly 4,000 square feet that provides parking for 10 vehicles. The Ludlow Metro-North station and Hudson River waterfront are nearby.
Key Highlights
- 18 apartment units across two attached buildings
- Fully occupied apartments with updated units
- Nearly 4,000 square feet at 258 Woodworth Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,311
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,966,220
$7.0M
Cap Rate 7%
$4,975,871
$5.0M
Cap Rate 9%
$3,870,122
$3.9M
Market Conditions
NOI Build-Up for 15,674 SF
Gross rent
$695.9K $44.40/SF
− Vacancy
−$62.6K −$4.00/SF
EGI
$633.3K $40.40/SF
− OpEx
−$285.0K −$18.18/SF
NOI
$348.3K $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 Rate 5%
$6,966,220
Cap Rate 7%
$4,975,871
Cap Rate 9%
$3,870,122
Alternative Uses
Best Use
Apartment 5plus
$4.98M
$4.35M – $5.81M
NOI $348,311 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.42M
$4.74M – $6.32M
NOI $379,274 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
18
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Apartment building - The package combines occupied apartments with an area that accommodates vehicle parking.
Where is this apartment building located?
The property is located at 256-258 Woodworth Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 18 apartment units across two attached buildings; Fully occupied apartments with updated units; Nearly 4,000 square feet at 258 Woodworth Avenue
