Brick Quadplex with Detached
517 Van Cortlandt Park Avenue, Yonkers, NY 10705
For Sale
New
Contact for pricing
The unit mix comprises three three-bedroom apartments and one two-bedroom apartment.
Property Size4,189 SF
Price / SF$286.46
Days on Market6
Property Features for 517 Van Cortlandt Park Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
hardwood flooring
backyard space
walk-out basement
detached garage
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
eXp Realty
Listed By:
Bryan P. Dale
(646) 427-1067
Source:
Totallywestchester
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:55PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1923, this detached, all-brick four-family building contains approximately 4,189 square feet. Its four apartments include three three-bedroom layouts and one two-bedroom layout, with hardwood flooring and natural light. A walk-out basement offers storage space, while the backyard adds outdoor area. Parking includes a detached three-car garage and off-street spaces. The apartments have no existing leases.
The property is in Yonkers near public transportation, major highways, shopping, schools, and the Bronx border, with access to Manhattan and surrounding areas.
The property is in Yonkers near public transportation, major highways, shopping, schools, and the Bronx border, with access to Manhattan and surrounding areas.
Key Highlights
- Four apartments: three 3‑bedroom units and one 2‑bedroom unit
- Approximately 4,189 square feet in a detached, all‑brick building
- Detached 3‑car garage and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,364
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,027,280
$2.0M
Cap Rate 7%
$1,448,057
$1.4M
Cap Rate 9%
$1,126,267
$1.1M
Market Conditions
NOI Build-Up for 4,189 SF
Gross rent
$158.3K $37.80/SF
− Vacancy
−$13.5K −$3.23/SF
EGI
$144.8K $34.57/SF
− OpEx
−$43.4K −$10.37/SF
NOI
$101.4K $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%
$2,027,280
Cap Rate 7%
$1,448,057
Cap Rate 9%
$1,126,267
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,364 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,089 @ 7.0% cap · market cap 7.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,541
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Quadplexes in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix comprises three three-bedroom apartments and one two-bedroom apartment.
Where is this quadplex located?
The property is located at 517 Van Cortlandt Park Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four apartments: three 3‑bedroom units and one 2‑bedroom unit; Approximately 4,189 square feet in a detached, all‑brick building; Detached 3‑car garage and off‑street parking
