Mixed-Use Property with Rental
New
For Sale
$1,199,999
32 Linden St, Yonkers, NY 10701
Residential occupancy is already established within this versatile commercial property.
Property Size2,526 SF
Days on Market4
Property Features for 32 Linden St
General Information
Standard status
Active
Size
2,526 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,341
Building Details
Building Size
2,526 SF
Year Built
1900
Units
3
Listing Agency:
Joseph Baratta
(917) 528-2693
Listed By:
Sugey Valdez
(917) 528-2693
Source:
Elliman
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 10:55AM
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 Joseph Baratta
Investment Insights
Based on property information with market context.
Built in 1900, this mixed-use property combines commercial functionality with residential occupancy already in place. The current residential tenants provide an established rental component, while the configuration is also presented as suitable for an owner-occupant seeking to operate a business from the property.
The property is located at 32 Linden St in Yonkers, with access to major roadways, public transportation, shopping, restaurants, and local amenities. Walk Score is 95, Transit Score is 64, and Bike Score is 42, supporting convenient access across several transportation modes.
The property is located at 32 Linden St in Yonkers, with access to major roadways, public transportation, shopping, restaurants, and local amenities. Walk Score is 95, Transit Score is 64, and Bike Score is 42, supporting convenient access across several transportation modes.
Key Highlights
- Mixed‑use property with residential tenants currently in place
- Live‑work configuration supports owner‑occupant use
- Built in 1900
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
$56,133
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
4.68%
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%
$1,122,660
$1.1M
Cap Rate 7%
$801,900
$801.9K
Cap Rate 9%
$623,700
$623.7K
Market Conditions
NOI Build-Up for 2,526 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
$112.2K $44.40/SF
− Vacancy
−$10.1K −$4.00/SF
EGI
$102.1K $40.40/SF
− OpEx
−$45.9K −$18.18/SF
NOI
$56.1K $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 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%
$1,122,660
Cap Rate 7%
$801,900
Cap Rate 9%
$623,700
Alternative Uses
Best Use
Apartment 5plus
$801.9K
$701.7K – $935.6K
NOI $56,133 @ 7.0% cap · market cap 4.68%
Second Best
Mixed Use
$682.0K
$596.8K – $795.7K
NOI $47,741 @ 7.0% cap · market cap 3.98%
Theoretical Best
Multifamily LT 5
$873.2K
$764.0K – $1.02M
NOI $61,123 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,000
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential occupancy is already established within this versatile commercial property.
Where is this mixed-use property located?
The property is located at 32 Linden St Yonkers, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Mixed‑use property with residential tenants currently in place; Live‑work configuration supports owner‑occupant use; Built in 1900
