Two-Unit Duplex with Detached
For Sale
$1,150,000
Pending
47 Glover Avenue, Yonkers, NY 10704
Legal two-family residence with separate apartments, fenced grounds, outdoor living areas, and a detached garage.
Property Size2,293 SF
Days on Market154
Property Features for 47 Glover Avenue
General Information
Standard status
Pending
Size
2,293 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,985
Building Details
Building Size
2,293 SF
Year Built
1925
Listing Agency:
Double C Realty
Listed By:
Kieran Dwyer
(914) 629-7649
Source:
Shawmetro
Added: May 26
Changed: Oct 25
Last Checked: Oct 25 at 1:04AM
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 Double C Realty
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Investment Insights
Based on property information with market context.
This legal two-family residence contains 2,293 square feet and was built in 1925. The first-floor apartment includes three bedrooms, one bathroom, an eat-in kitchen, living room, and sliding-door access to a private deck. The second-floor apartment offers three bedrooms, a front porch, and side-yard access. A versatile lower level provides additional space for family, guests, recreation, or living use. The property also includes a detached two-car garage, fenced grounds, patio space, and coin-operated laundry.
Recent property updates include new side walkways, an updated gas boiler, and updated hot water heaters. The home is located at 47 Glover Avenue in Yonkers, near Metro-North, express buses, shopping, dining, major parkways, and McLean Ave. Manhattan is approximately 25 minutes south of the property.
Recent property updates include new side walkways, an updated gas boiler, and updated hot water heaters. The home is located at 47 Glover Avenue in Yonkers, near Metro-North, express buses, shopping, dining, major parkways, and McLean Ave. Manhattan is approximately 25 minutes south of the property.
Key Highlights
- Legal two‑family property with 2,293 square feet
- First‑floor apartment has 3 bedrooms and 1 bathroom
- Second‑floor apartment includes 3 bedrooms, front porch, and side‑yard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,485
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,109,700
$1.1M
Cap Rate 7%
$792,643
$792.6K
Cap Rate 9%
$616,500
$616.5K
Market Conditions
NOI Build-Up for 2,293 SF
Gross rent
$86.7K $37.80/SF
− Vacancy
−$7.4K −$3.23/SF
EGI
$79.3K $34.57/SF
− OpEx
−$23.8K −$10.37/SF
NOI
$55.5K $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%
$1,109,700
Cap Rate 7%
$792,643
Cap Rate 9%
$616,500
Alternative Uses
Best Use
Multifamily LT 5
$792.6K
$693.6K – $924.8K
NOI $55,485 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$727.9K
$637.0K – $849.3K
NOI $50,956 @ 7.0% cap · market cap 4.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with separate apartments, fenced grounds, outdoor living areas, and a detached garage.
Where is this duplex located?
The property is located at 47 Glover Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal two‑family property with 2,293 square feet; First‑floor apartment has 3 bedrooms and 1 bathroom; Second‑floor apartment includes 3 bedrooms, front porch, and side‑yard access
