Duplex with Detached
New
For Sale
$1,169,000
31 Alexander Ave, Yonkers, NY 10704
Two apartments are complemented by a finished attic and substantial lower-level space.
Property Size2,680 SF
Days on Market2
Property Features for 31 Alexander Ave
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$13,280
Building Details
Building Size
2,680 SF
Year Built
1908
Units
2
Listing Agency:
Double C Realty
Listed By:
Kieran Dwyer
(914) 629-7649
Source:
Elliman
Added: Nov 3
Last Checked: Nov 3 at 2:55PM
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 Double C Realty
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Investment Insights
Based on property information with market context.
This two-family duplex in Yonkers has a three-bedroom first-floor apartment and a two-bedroom apartment above. A finished attic and a large lower level add to the property’s existing interior space. Exterior features include an oversized driveway and a detached garage with room for two cars. Built in 1908, the property is described as income-producing.
Metro-North service, bus routes, shopping, and major parkways are nearby. The property is also described as approximately 25 minutes north of Manhattan.
Metro-North service, bus routes, shopping, and major parkways are nearby. The property is also described as approximately 25 minutes north of Manhattan.
Key Highlights
- Two apartments: three bedrooms on the first floor and two bedrooms upstairs
- Detached two‑car garage and oversized driveway
- Finished attic and expansive lower‑level space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,850
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,000
$1.3M
Cap Rate 7%
$926,429
$926.4K
Cap Rate 9%
$720,556
$720.6K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$101.3K $37.80/SF
− Vacancy
−$8.7K −$3.23/SF
EGI
$92.6K $34.57/SF
− OpEx
−$27.8K −$10.37/SF
NOI
$64.8K $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%
$1,297,000
Cap Rate 7%
$926,429
Cap Rate 9%
$720,556
Alternative Uses
Best Use
Multifamily LT 5
$926.4K
$810.6K – $1.08M
NOI $64,850 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$850.8K
$744.4K – $992.6K
NOI $59,555 @ 7.0% cap · market cap 5.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,338
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
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments are complemented by a finished attic and substantial lower-level space.
Where is this duplex located?
The property is located at 31 Alexander Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Two apartments: three bedrooms on the first floor and two bedrooms upstairs; Detached two‑car garage and oversized driveway; Finished attic and expansive lower‑level space
