Legal 6-Family Investment
For Sale
$1,200,000
45-47 Highland Avenue, Yonkers, NY 10705
Fully occupied 6-family home with parking and upgrade potential.
Property Size4,695 SF
Price / SF$255.59
Days on Market329
Property Features for 45-47 Highland Avenue
General Information
Standard status
Active
Size
4,695 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$16,060
Building Details
Building Size
4,695 SF
Year Built
1891
Listing Agency:
ERA Insite Realty Services
Listed By:
Michael D'Onofrio · License #30DO0491138
(914) 329-4559
Source:
Shawmetro
Added: Nov 26, 2025
Changed: Oct 18
Last Checked: Oct 19 at 4:54PM
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 ERA Insite Realty Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a legal 6-family home that is fully occupied. The units have been upgraded as needed. There are 5 paid parking spots and a 2-car garage, as well as off-street parking. The full basement can be utilized for storage or office space. The property is located very close to the Hudson, offering future possibilities. It has great potential. The property can be sold as a package with 153 Mclean Ave.
Key Highlights
- Legal 6‑family home, fully occupied, providing immediate rental income.
- Upgraded units, suggesting reduced maintenance and tenant appeal.
- 5 paid parking spots and a 2‑car garage, offering valuable tenant amenities and potential income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,333
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,086,660
$2.1M
Cap Rate 7%
$1,490,471
$1.5M
Cap Rate 9%
$1,159,256
$1.2M
Market Conditions
NOI Build-Up for 4,695 SF
Gross rent
$208.5K $44.40/SF
− Vacancy
−$18.8K −$4.00/SF
EGI
$189.7K $40.40/SF
− OpEx
−$85.4K −$18.18/SF
NOI
$104.3K $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 Rate 5%
$2,086,660
Cap Rate 7%
$1,490,471
Cap Rate 9%
$1,159,256
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,333 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,608 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,169
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
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 6-family home with parking and upgrade potential.
Where is this apartment building located?
The property is located at 45-47 Highland Avenue 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: Legal 6‑family home, fully occupied, providing immediate rental income.; Upgraded units, suggesting reduced maintenance and tenant appeal.; 5 paid parking spots and a 2‑car garage, offering valuable tenant amenities and potential income.
