Two-Unit Duplex with Detached
For Sale
$1,150,000
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
Price / SF$501.53
Days on Market103
Property Features for 47 Glover Avenue
General Information
Standard status
Active
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: Sep 4
Last Checked: Sep 4 at 2:20PM
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
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 = 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
$55,485
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
4.82%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,338
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
