Yonkers Three-Family
For Sale
$850,000
Pending
54 Groshon Ave, Yonkers, NY 10701
Three-family home in Yonkers with ten bedrooms and three bathrooms.
Property Size2,688 SF
Lot Size0.05 Acres
Days on Market212
Property Features for 54 Groshon Ave
General Information
Standard status
Pending
Size
2,688 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,817
Building Details
Building Size
2,688 SF
Year Built
1898
Units
3
Listed By:
Kevin Chin
(914) 375-4441
Source:
Elliman
Added: Mar 11
Changed: Sep 30
Last Checked: Oct 7 at 1:36PM
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 Kevin Chin
Investment Insights
Based on property information with market context.
This three-family home is located in Yonkers and contains a total of 10 bedrooms and 3 bathrooms. The property includes spacious units and a finished basement with 2 bedrooms. Please note that the property requires some work.
Key Highlights
- Three‑family home - ideal for investors or multi‑generational living
- Ten bedrooms total - provides ample living space
- Finished basement with 2 bedrooms - potential for additional income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,043
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,860
$1.3M
Cap Rate 7%
$929,186
$929.2K
Cap Rate 9%
$722,700
$722.7K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$101.6K $37.80/SF
− Vacancy
−$8.7K −$3.23/SF
EGI
$92.9K $34.57/SF
− OpEx
−$27.9K −$10.37/SF
NOI
$65.0K $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 Rate 5%
$1,300,860
Cap Rate 7%
$929,186
Cap Rate 9%
$722,700
Alternative Uses
Best Use
Multifamily LT 5
$929.2K
$813.0K – $1.08M
NOI $65,043 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$853.3K
$746.7K – $995.6K
NOI $59,733 @ 7.0% cap · market cap 7.03%
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
2,763
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family home in Yonkers with ten bedrooms and three bathrooms.
Where is this triplex located?
The property is located at 54 Groshon Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑family home - ideal for investors or multi‑generational living; Ten bedrooms total - provides ample living space; Finished basement with 2 bedrooms - potential for additional income
