Spacious Three Bedroom
For Sale
$355,000
Pending
480 Riverdale Ave 7L, Yonkers, NY 10705
Large unit with indoor parking in Downtown Yonkers.
Property Size1,250 SF
Days on Market314
Property Features for 480 Riverdale Ave 7L
General Information
Standard status
Pending
Size
1,250 SF
Property subtype
Residential
Building Details
Building Size
1,250 SF
Year Built
1951
Listing Agency:
Century 21 Dawn's Gold Realty
Listed By:
Justina Martins
(914) 490-3792
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Oct 7 at 2:09PM
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 Century 21 Dawn's Gold Realty
Investment Insights
Based on property information with market context.
This large, spacious three-bedroom unit is located in Valentine Manor in Downtown Yonkers. The property includes access to both an indoor parking garage and outdoor parking. The unit is designed to allow plenty of sunlight. Ample closet space provides storage. Laundry facilities with state-of-the-art working equipment are available on the premises.
Key Highlights
- Large, spacious three‑bedroom unit.
- Indoor parking garage and outdoor parking available.
- Located in sought‑after Valentine Manor in Downtown Yonkers.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,778
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$555,560
$555.6K
Cap Rate 7%
$396,829
$396.8K
Cap Rate 9%
$308,644
$308.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$55.5K $44.40/SF
− Vacancy
−$5.0K −$4.00/SF
EGI
$50.5K $40.40/SF
− OpEx
−$22.7K −$18.18/SF
NOI
$27.8K $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%
$555,560
Cap Rate 7%
$396,829
Cap Rate 9%
$308,644
Alternative Uses
Best Use
Apartment 5plus
$396.8K
$347.2K – $463.0K
NOI $27,778 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$432.1K
$378.1K – $504.1K
NOI $30,247 @ 7.0% cap · market cap 8.52%
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
1,636
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Large unit with indoor parking in Downtown Yonkers.
Where is this apartment building located?
The property is located at 480 Riverdale Ave 7L Yonkers, NY.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Large, spacious three‑bedroom unit.; Indoor parking garage and outdoor parking available.; Located in sought‑after Valentine Manor in Downtown Yonkers.
