Renovated Mixed-Use
New
For Sale
Contact for pricing
356 Riverdale Avenue Unit 1, Yonkers, NY 10705
Three upgraded apartments accompany an operating commercial unit and additional flexible space.
Property Size4,488 SF
Days on Market5
Property Features for 356 Riverdale Avenue Unit 1
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$2,735
Building Details
Building Size
4,488 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Abel Brea · License #10401369967
Source:
Totallywestchester
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 12 at 8:22AM
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 YourHomeSold Guaranteed Realty
Investment Insights
Based on property information with market context.
Located at 356 Riverdale Avenue in Yonkers, this 4,488-square-foot mixed-use property combines residential units with commercial space. The building includes three renovated two-bedroom, one-bath apartments and a fully renovated commercial unit that is currently operational. An additional area can support storage, office functions, or utility needs, while the sizable yard adds usable outdoor space.
The property is near Metro-North, bus service, shopping, schools, and other local amenities. Built in 1960, it offers a combination of residential and commercial components for an investor or owner-user seeking a multi-unit property with an established commercial element.
The property is near Metro-North, bus service, shopping, schools, and other local amenities. Built in 1960, it offers a combination of residential and commercial components for an investor or owner-user seeking a multi-unit property with an established commercial element.
Key Highlights
- 4,488‑square‑foot mixed‑use property at 356 Riverdale Avenue
- Three two‑bedroom, one‑bath apartments
- Fully renovated and operational commercial unit
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
$108,599
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
9.05%
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%
$2,171,980
$2.2M
Cap Rate 7%
$1,551,414
$1.6M
Cap Rate 9%
$1,206,656
$1.2M
Market Conditions
NOI Build-Up for 4,488 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
$169.6K $37.80/SF
− Vacancy
−$14.5K −$3.23/SF
EGI
$155.1K $34.57/SF
− OpEx
−$46.5K −$10.37/SF
NOI
$108.6K $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%
$2,171,980
Cap Rate 7%
$1,551,414
Cap Rate 9%
$1,206,656
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,599 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,733 @ 7.0% cap · market cap 8.31%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 10705, NY
41,785
Population
15,620
Households
2.7
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
2.2 sq mi
ZIP Area
18,993
Density / Sq Mi
$68,616
Median Household Income
$40,717
Median Earnings
$1,602
Median Rent
$445,600
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?
Mixed-use property - Three upgraded apartments accompany an operating commercial unit and additional flexible space.
Where is this mixed-use property located?
The property is located at 356 Riverdale Avenue Unit 1 Yonkers, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,488‑square‑foot mixed‑use property at 356 Riverdale Avenue; Three two‑bedroom, one‑bath apartments; Fully renovated and operational commercial unit
