Renovated Two-Unit
New
For Sale
$749,000
30 AKA 79 Cerone Avenue, Yonkers, NY 10704
Two private-entry residences each include two bedrooms, a full bath, and washer/dryer hookups.
Property Size1,788 SF
Price / SF$418.90
Days on Market4
Property Features for 30 AKA 79 Cerone Avenue
General Information
Standard status
Active
Size
1,788 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,136
Amenities
private entrance
washer/dryer hookups
quartz countertops
stainless steel appliances
Building Details
Building Size
1,788 SF
Year Built
1912
Buildings
1
Listing Agency:
RE/MAX Distinguished Hms.&Prop
Listed By:
Eric Stein · License #49ST1168831
(914) 346-8255
Source:
Shawmetro
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 4:31PM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
This 1,788-square-foot duplex contains two residences, each arranged with two bedrooms and one full bathroom. Both units have separate entrances, living and dining areas, and washer/dryer hookups. Updated kitchens feature quartz countertops and stainless steel appliances. The property was built in 1912 and has been renovated.
Located at 30 AKA 79 Cerone Avenue in Yonkers, the property offers two distinct living spaces within one building.
Located at 30 AKA 79 Cerone Avenue in Yonkers, the property offers two distinct living spaces within one building.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,788 square feet; built in 1912
- Private entrance for each residence
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
$43,265
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
5.78%
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%
$865,300
$865.3K
Cap Rate 7%
$618,071
$618.1K
Cap Rate 9%
$480,722
$480.7K
Market Conditions
NOI Build-Up for 1,788 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
$67.6K $37.80/SF
− Vacancy
−$5.8K −$3.23/SF
EGI
$61.8K $34.57/SF
− OpEx
−$18.5K −$10.37/SF
NOI
$43.3K $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 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%
$865,300
Cap Rate 7%
$618,071
Cap Rate 9%
$480,722
Alternative Uses
Best Use
Multifamily LT 5
$618.1K
$540.8K – $721.1K
NOI $43,265 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$567.6K
$496.7K – $662.2K
NOI $39,733 @ 7.0% cap · market cap 5.30%
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
Location Intelligence
Trade Area within ½ mile
696
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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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?
Duplex - Two private-entry residences each include two bedrooms, a full bath, and washer/dryer hookups.
Where is this duplex located?
The property is located at 30 AKA 79 Cerone Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,788 square feet; built in 1912; Private entrance for each residence
