Detached Duplex with River
New
For Sale
$1,395,000
47 Lincoln Terrace, Yonkers, NY 10701
2022-built two-family residence with private balconies, flexible finished-basement space, and separate electric meters.
Property Size4,710 SF
Price / SF$296.18
Days on Market5
Property Features for 47 Lincoln Terrace
General Information
Standard status
Active
Size
4,710 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,221
Building Details
Building Size
4,710 SF
Year Built
2022
Listing Agency:
Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(860) 560-1006
Source:
Shawmetro
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 17 at 2:41AM
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 Greene Realty Group
Investment Insights
Based on property information with market context.
Completed in 2022, this fully detached duplex contains approximately 4,710 square feet and eight bedrooms. The property features open-concept interiors, oak hardwood flooring, quartz kitchen counters, energy-efficient stainless-steel appliances, private balconies, laundry areas in both units, and extensive closet storage. A finished walk-out basement adds adaptable space for recreation, an office, exercise equipment, or storage. The home also includes ductless cooling, an electric heat-pump system, ENERGY STAR windows and doors, public water and sewer, and two separate electric meters.
The residence occupies a fenced setting at the end of a cul-de-sac near the Hudson River, with water views and private outdoor space. It includes a two-car garage and a two-car private driveway. The larger unit is owner-occupied, while a separate three-bedroom apartment is currently rented. Metro-North Railroad is a five-minute walk away, with buses, highways, schools, parks, and the Old Croton Aqueduct Trail nearby; Manhattan is less than a 30-minute drive.
The residence occupies a fenced setting at the end of a cul-de-sac near the Hudson River, with water views and private outdoor space. It includes a two-car garage and a two-car private driveway. The larger unit is owner-occupied, while a separate three-bedroom apartment is currently rented. Metro-North Railroad is a five-minute walk away, with buses, highways, schools, parks, and the Old Croton Aqueduct Trail nearby; Manhattan is less than a 30-minute drive.
Key Highlights
- 2022‑built fully detached duplex with approximately 4,710 square feet
- Eight‑bedroom two‑family layout with one unit currently rented
- Hudson River views, private balconies, and fenced outdoor space
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
$113,971
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
8.17%
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%
$2,279,420
$2.3M
Cap Rate 7%
$1,628,157
$1.6M
Cap Rate 9%
$1,266,344
$1.3M
Market Conditions
NOI Build-Up for 4,710 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
$178.0K $37.80/SF
− Vacancy
−$15.2K −$3.23/SF
EGI
$162.8K $34.57/SF
− OpEx
−$48.8K −$10.37/SF
NOI
$114.0K $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%
$2,279,420
Cap Rate 7%
$1,628,157
Cap Rate 9%
$1,266,344
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.42M – $1.90M
NOI $113,971 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.74M
NOI $104,667 @ 7.0% cap · market cap 7.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - 2022-built two-family residence with private balconies, flexible finished-basement space, and separate electric meters.
Where is this duplex located?
The property is located at 47 Lincoln Terrace Yonkers, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 2022‑built fully detached duplex with approximately 4,710 square feet; Eight‑bedroom two‑family layout with one unit currently rented; Hudson River views, private balconies, and fenced outdoor space
