Three-Unit Brick
For Sale
$1,250,000
33 Westerly St, Yonkers, NY 10704
Legal triplex with private decks, garage parking, shared laundry, and a level yard in Yonkers.
Property Size2,870 SF
Days on Market10
Property Features for 33 Westerly St
General Information
Standard status
Active
Size
2,870 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$19,600
Amenities
private deck
shared laundry room
usable yard
Building Details
Building Size
2,870 SF
Year Built
1979
Buildings
1
Units
2
Construction
brick colonial
Tenancy
Multi
Listing Agency:
(914) 334-8633
Listed By:
Catherine M. Defreitas
(914) 334-8633
Source:
Elliman
Added: Aug 2
Changed: Aug 9
Last Checked: Aug 11 at 11:38AM
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 Catherine M. Defreitas
Investment Insights
Based on property information with market context.
This legal brick triplex, built in 1979, comprises two three-bedroom, two-bathroom residences and a one-bedroom lower-level apartment. The main-floor unit includes a formal dining room, private primary bathroom, hardwood floors, stone countertops, a backsplash, and access to a private deck. The second-floor residence also offers a dining room, private primary bathroom, and its own deck. A walk-out lower level provides an eat-in kitchen, shared laundry room, and garage access.
The property includes driveway and garage parking along with a level, usable yard. It is located at 33 Westerly St in Yonkers, near Yonkers Raceway, Cross County Center, and public transportation. Walk Score is 81, Bike Score is 54, and Transit Score is 47. All three units are currently without leases, providing flexibility for occupancy or leasing plans.
The property includes driveway and garage parking along with a level, usable yard. It is located at 33 Westerly St in Yonkers, near Yonkers Raceway, Cross County Center, and public transportation. Walk Score is 81, Bike Score is 54, and Transit Score is 47. All three units are currently without leases, providing flexibility for occupancy or leasing plans.
Key Highlights
- Legal three‑family brick colonial built in 1979
- Two 3‑bedroom, 2‑bathroom units plus a 1‑bedroom lower‑level apartment
- Main‑floor residence features hardwood floors, stone countertops, backsplash, and private deck
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
$69,447
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
5.56%
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%
$1,388,940
$1.4M
Cap Rate 7%
$992,100
$992.1K
Cap Rate 9%
$771,633
$771.6K
Market Conditions
NOI Build-Up for 2,870 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
$108.5K $37.80/SF
− Vacancy
−$9.3K −$3.23/SF
EGI
$99.2K $34.57/SF
− OpEx
−$29.8K −$10.37/SF
NOI
$69.4K $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%
$1,388,940
Cap Rate 7%
$992,100
Cap Rate 9%
$771,633
Alternative Uses
Best Use
Multifamily LT 5
$992.1K
$868.1K – $1.16M
NOI $69,447 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$911.1K
$797.2K – $1.06M
NOI $63,778 @ 7.0% cap · market cap 5.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,271
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Legal triplex with private decks, garage parking, shared laundry, and a level yard in Yonkers.
Where is this triplex located?
The property is located at 33 Westerly St Yonkers, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Legal three‑family brick colonial built in 1979; Two 3‑bedroom, 2‑bathroom units plus a 1‑bedroom lower‑level apartment; Main‑floor residence features hardwood floors, stone countertops, backsplash, and private deck
