Two-Unit Duplex with Enclosed
For Sale
$899,000
621 Kimball Avenue, Yonkers, NY 10704
The property includes a two-bedroom duplex and a separate one-bedroom residence with a den off the kitchen.
Property Size1,614 SF
Price / SF$557
Days on Market8
Property Features for 621 Kimball Avenue
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,743
Building Details
Building Size
1,614 SF
Year Built
1928
Listing Agency:
ERA Insite Realty Services
Listed By:
Michael D'Onofrio · License #30DO0491138
(914) 329-4559
Source:
Shawmetro
Added: Sep 23
Changed: Sep 30
Last Checked: Sep 29 at 3:54PM
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 ERA Insite Realty Services
Investment Insights
Based on property information with market context.
Built in 1928, this two-unit duplex pairs a two-bedroom, 1.5-bathroom residence with a one-bedroom upper unit. The lower level of the duplex has new carpeting and sliders opening to an enclosed cement patio. The upper residence includes a den beside the kitchen, wall-to-wall carpeting, and access to a full stand-up attic for storage. A separate storage room is located behind the house.
Property updates and features include a 15-year-old architectural roof with a 40-year warranty, 8-year-old siding, and a 9-year-old 75-gallon lowboy hot water tank. Other improvements include an AC wall unit in the living room, upgraded copper plumbing in designated areas, and a built-in sprinkler system for the front lawn and shrubs. A camera Ring system will remain with the property. The home is on a tree-lined street, minutes from major transportation and shopping.
Property updates and features include a 15-year-old architectural roof with a 40-year warranty, 8-year-old siding, and a 9-year-old 75-gallon lowboy hot water tank. Other improvements include an AC wall unit in the living room, upgraded copper plumbing in designated areas, and a built-in sprinkler system for the front lawn and shrubs. A camera Ring system will remain with the property. The home is on a tree-lined street, minutes from major transportation and shopping.
Key Highlights
- Two‑unit duplex with a two‑bedroom, 1.5‑bathroom residence and a separate one‑bedroom unit
- Lower‑level sliders open to an enclosed cement patio
- Full stand‑up attic and a separate rear storage room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,055
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$781,100
$781.1K
Cap Rate 7%
$557,929
$557.9K
Cap Rate 9%
$433,944
$433.9K
Market Conditions
NOI Build-Up for 1,614 SF
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.
Gross rent
$61.0K $37.80/SF
− Vacancy
−$5.2K −$3.23/SF
EGI
$55.8K $34.57/SF
− OpEx
−$16.7K −$10.37/SF
NOI
$39.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$781,100
Cap Rate 7%
$557,929
Cap Rate 9%
$433,944
Alternative Uses
Best Use
Multifamily LT 5
$557.9K
$488.2K – $650.9K
NOI $39,055 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$512.4K
$448.3K – $597.8K
NOI $35,867 @ 7.0% cap · market cap 3.99%
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
1,493
Businesses Nearby
Explore this area
Business Placement
Demographics for 10704, NY
32,426
Population
12,576
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
12,010
Density / Sq Mi
$110,097
Median Household Income
$57,134
Median Earnings
$1,898
Median Rent
$508,100
Median Home Value
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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?
Duplex - The property includes a two-bedroom duplex and a separate one-bedroom residence with a den off the kitchen.
Where is this duplex located?
The property is located at 621 Kimball Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑unit duplex with a two‑bedroom, 1.5‑bathroom residence and a separate one‑bedroom unit; Lower‑level sliders open to an enclosed cement patio; Full stand‑up attic and a separate rear storage room
