Mixed-Use Auto Body
445 OLD NEPPERHAN AVE Yonkers, NY 10703
445 OLD NEPPERHAN AVE, Yonkers, NY, 10703
$1,600,000
For Sale
$1,600,000
Two-building property includes a vacant auto-body shop and two occupied two-bedroom apartments generating rental income.
Property Size5,500 SF
Price / SF$290.91
Days on Market130
Property Features for 445 OLD NEPPERHAN AVE
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1985
Listing agency
Coldwell Banker Realty
(203) 524-8120
Listed by
Keri Kenny · License #10401337125
(203) 524-8120
Source
Xome
Added: Mar 14 Updated: Jul 21 at 2:18AM Checked: Jul 21 at 3:08AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use, two-building property is currently set up as a vacant auto-body shop with residential income from two occupied two-bedroom apartments. The property is zoned “I” (Industrial).
The combined building total is approximately 5,500 square feet, consisting of about 3,500 square feet devoted to auto-body repair and storage and approximately 2,000 square feet for residential use.
For investors or owner-users, the asset provides an industrially zoned operating component alongside income-producing residential units under one ownership structure.
The combined building total is approximately 5,500 square feet, consisting of about 3,500 square feet devoted to auto-body repair and storage and approximately 2,000 square feet for residential use.
For investors or owner-users, the asset provides an industrially zoned operating component alongside income-producing residential units under one ownership structure.
Key Highlights
- Two‑building mixed‑use property in Yonkers’ historic industrial corridor
- Vacant auto‑body shop setup plus 2 occupied 2‑bedroom apartments generating rental income
- Total 5,500 SF combined: 3,500 SF auto‑body repair and storage, 2,000 SF residential
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.9k | $37.80 |
| − Vacancy | −$17.8k | −$3.23 |
| EGI | $190.1k | $34.57 |
| − OpEx | −$57.0k | −$10.37 |
| NOI | $133.1k | $24.20 |
5,500 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.90M
$1.66M – $2.22M
NOI $133,087 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,222 @ 7.0% cap · market cap 7.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
445 Old Nepperhan ...
Parking Lot & Garage
Similar For Sale Nearby
Similar Off Market Nearby
- No Limit Yonkers Auto Body Shop — 254 Saw Mill River Rd, Yonkers, NY 10701
- Almeida's Auto Body of Yonkers — 165 Orchard St, Yonkers, NY 10703
- Sassone Brothers Auto Body Inc — 254 saw mill river rd, yonkers, ny 10701
- Black Rock Truck Group — 257 Lake Ave, Yonkers, NY 10701
- Gas Tow Truck Service — 578 nepperhan ave, yonkers, ny 10701
FAQs
What type of property is this?
Auto shop - Two-building property includes a vacant auto-body shop and two occupied two-bedroom apartments generating rental income.
Where is this auto shop located?
The property is located at 445 OLD NEPPERHAN AVE Yonkers, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑building mixed‑use property in Yonkers’ historic industrial corridor; Vacant auto‑body shop setup plus 2 occupied 2‑bedroom apartments generating rental income; Total 5,500 SF combined: 3,500 SF auto‑body repair and storage, 2,000 SF residential
