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    Renovated Multifamily Building in Yonkers Title is generated by Realmo AI

    58 Chestnut St, Yonkers, NY 10701

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    Fully renovated 6-unit building with garage near transportation.

    Type:Multifamily
    Property size:
    4,800 SF
    Price / SF:
    $375/SF
    Added:
    Mar 10, 2026
    Days on Market:
    120
    Last Refresh:
    Jul 2 at 5:38 am

    Property Features for 58 Chestnut St

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1955

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    Alon Yosopov

    Listing office Yoso Properties

    Listing date Mar 10, 2026

    Source Crexi

    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 Yoso Properties

    HighLights

    • Solid 7.33% CAP Rate
    • Fully Renovated 6‑Unit Multifamily Building
    • Destabilized Units Offer Upside Potential
    • Separate Boilers for Efficiency and Lower Operating Costs
    • Prime Location Near Transportation, Highways, Shopping, and Dining
    • Turnkey, Low‑Maintenance Ownership

    Overview

    Located at 58 Chestnut St in Yonkers, NY, this destabilized 6-unit multifamily building presents an investment opportunity. The property includes a garage and features separate boilers for efficiency. Each unit has been renovated with modern finishes. The property has undergone extensive renovations, including updated systems. It is situated near public transportation, major highways, shopping centers, and dining options. The property size is 4800 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $213.1k $44.40
    − Vacancy −$19.2k −$4.00
    EGI $193.9k $40.40
    − OpEx −$87.3k −$18.18
    NOI $106.7k $22.22
    4,800 SF · lease $44.40/SF/yr · vacancy 9.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.52M
    $1.33M – $1.78M (±1% cap)
    NOI $106,667 @ 7.0% cap · market cap 5.93%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $1.66M
    $1.45M – $1.94M (±1% cap)
    NOI $116,149 @ 7.0% cap · market cap 6.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    TeamFittness4Health Physician

    Suggested Use

    Law Firm Real Estate Agency Skin Care Clinic Acupuncture Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Veterinary Clinic Garden Center Pet Store & Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8891513
    Latitude
    40.9346073

    FAQs

    What type of property is this?
    Apartment building - Fully renovated 6-unit building with garage near transportation.
    Where is this apartment building located?
    The property is located at 58 Chestnut St Yonkers, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Solid 7.33% CAP Rate; **Fully Renovated 6‑Unit Multifamily Building**; Destabilized Units Offer Upside Potential
    More about this property
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