Renovated Mixed-Use
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 Market52
Property Features for 356 Riverdale Avenue Unit 1
General Information
Standard status
Active
Size
4,488 SF
Property subtype
Triplex
Site & Location
Neighborhood
Lowerre
Taxes and HOA fees
Annual Taxes
$11,361
Building Details
Building Size
4,488 SF
Year Built
1960
Tenancy
Multi
Listing Agency:
YourHomeSold Guaranteed Realty
Listed By:
Abel Brea
(347) 203-1731
Source:
Totallywestchester
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 2:21PM
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
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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 / Yr
$108,599
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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
