Contemporary Hudson River
New
For Sale
$1,395,000
47 Lincoln Terrace, Yonkers, NY 10701
Residential Income, Yonkers, NY
Property Size4,710 SF
Lot Size0.12 Acres
Price / SF$296.18
Days on Market1
Property Features for 47 Lincoln Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Basement, Bedroom 6, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 7, Bathroom 3, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking
4
Parking features
Driveway, Open, Garage
Window features
ENERGY STAR Qualified WIndows
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Pantry, Quartz/Quartzite Counters, Storage, Walk Through Kitchen, Washer/Dryer Hookup
Basement
Walk-Out Access, Finished, Full
View
Park, River, Water
Elementary school
Yonkers (School Choice)
Middle school
Yonkers (School Choice)
High school
Yonkers (School Choice)
Elementary school district
Yonkers
Middle school district
Yonkers
High school district
Yonkers
Directions
via Glenwood Ave and Lincoln Terrace
Standard status
Active
APN
1800-002-000-02150-000-0008
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3221
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Electric, ENERGY STAR Qualified Equipment, Wall/Window Unit(s)
Water source
Public
Water front features
River Access
Water front
1
Amenities
private balconies
laundry rooms
finished basement
fenced property
private outdoor space
Building Details
Year built
2022
Number of units
2
Flooring type
Hardwood
Building materials
Energy Star
Architectural style
Contemporary
Additional Structures
Storage
Listing Agency:
Greene Realty Group
(888) 278-5840
Listed By:
Derek J. Greene · License #REB.0016396
(860) 560-1006
Added: Sep 14
Last Checked: Sep 14 at 2:06PM
MLS# 1049780
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this fully detached duplex in Yonkers provides two separate residences with a combined 8 bedrooms and 5 full bathrooms across approximately 4,710 square feet. The owner-occupied unit includes five bedrooms and three bathrooms, while the separate apartment offers three bedrooms and two bathrooms. Both units feature laundry rooms, open-concept interiors, quartz kitchen counters, stainless-steel appliances, oak hardwood flooring, pantry and closet storage, and private balconies. Primary bathrooms include dual vanities, imported tile, linen storage, and walk-in closets.
The property includes a finished walk-out basement, two-car garage, two-car private driveway, fenced grounds, and additional outdoor space. Hudson River views and river access complement the setting near the historic Old Croton Aqueduct Trail. Metro-North Railroad is a five-minute walk away, with buses, highways, schools, and parks nearby. The home has public water and sewer, two separate electric meters, electric heat-pump systems, ENERGY STAR windows and doors, and no HOA.
The property includes a finished walk-out basement, two-car garage, two-car private driveway, fenced grounds, and additional outdoor space. Hudson River views and river access complement the setting near the historic Old Croton Aqueduct Trail. Metro-North Railroad is a five-minute walk away, with buses, highways, schools, and parks nearby. The home has public water and sewer, two separate electric meters, electric heat-pump systems, ENERGY STAR windows and doors, and no HOA.
Key Highlights
- 2022‑built fully detached duplex with 8 bedrooms and 5 full bathrooms
- Approximately 4,710 sq. ft. on a 0.1233‑acre lot
- Separate 3‑bedroom, 2‑bath apartment currently rented
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
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Detached two-family residence with modern finishes, private outdoor areas, flexible basement space, and convenient rail access.
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 8 bedrooms and 5 full bathrooms; Approximately 4,710 sq. ft. on a 0.1233‑acre lot; Separate 3‑bedroom, 2‑bath apartment currently rented
