Renovated Multifamily Building in
For Sale
Contact for pricing
Pending
58 Chestnut St, Yonkers, NY 10701
Fully renovated 6-unit building with garage near transportation.
Property Size4,800 SF
Days on Market213
Property Features for 58 Chestnut St
General Information
Standard status
Pending
Size
4,800 SF
Property subtype
Multifamily
Building Details
Year Built
1955
Buildings
1
Units
6
Listing Agency:
Yoso Properties
Listed By:
Avi Yosopov · License #10401378143
Source:
Crexi
Added: Mar 10
Changed: Sep 10
Last Checked: Oct 7 at 11:49AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Solid 7.33% CAP Rate
- Fully Renovated 6‑Unit Multifamily Building**
- Destabilized Units Offer Upside Potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,667
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,133,340
$2.1M
Cap Rate 7%
$1,523,814
$1.5M
Cap Rate 9%
$1,185,189
$1.2M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$213.1K $44.40/SF
− Vacancy
−$19.2K −$4.00/SF
EGI
$193.9K $40.40/SF
− OpEx
−$87.3K −$18.18/SF
NOI
$106.7K $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%
$2,133,340
Cap Rate 7%
$1,523,814
Cap Rate 9%
$1,185,189
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,667 @ 7.0% cap · market cap 6.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,149 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,557
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $1,700,000.
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
