Three-Story Triplex with Detached
New
For Sale
$1,150,000
63 Crescent Pl, Yonkers, NY 10704
Three-level multifamily property with private outdoor space, parking, and flexible living arrangements.
Property Size2,685 SF
Price / SF$428.31
Days on Market2
Property Features for 63 Crescent Pl
General Information
Standard status
Active
Size
2,685 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,870
Amenities
covered front porch
private backyard
storage shed
Building Details
Building Size
2,685 SF
Year Built
1885
Stories
3
Units
3
Listing Agency:
(646) 996-9550
Listed By:
Meliza Pena
(646) 996-9550
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 3:51AM
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 Meliza Pena
Investment Insights
Based on property information with market context.
Built in 1885, this three-story triplex offers approximately 2,685 square feet with 6 bedrooms and 3 bathrooms. The property includes three family living spaces, a covered front porch, a private backyard, a detached garage, a storage shed, and a parking area. The units are described as being in good condition, with the property maintained over time.
The home is located at 63 Crescent Pl in East Yonkers, with Metro-North, public buses, major roadways, shopping, and everyday amenities located just blocks away. Walkability, transit, and bicycle access are also identified through published scores of 78, 63, and 44, respectively.
The home is located at 63 Crescent Pl in East Yonkers, with Metro-North, public buses, major roadways, shopping, and everyday amenities located just blocks away. Walkability, transit, and bicycle access are also identified through published scores of 78, 63, and 44, respectively.
Key Highlights
- Approximately 2,685 square feet across three stories
- Triplex configuration with 6 bedrooms and 3 bathrooms
- Built in 1885
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
$64,971
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
5.65%
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%
$1,299,420
$1.3M
Cap Rate 7%
$928,157
$928.2K
Cap Rate 9%
$721,900
$721.9K
Market Conditions
NOI Build-Up for 2,685 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
$101.5K $37.80/SF
− Vacancy
−$8.7K −$3.23/SF
EGI
$92.8K $34.57/SF
− OpEx
−$27.8K −$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 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%
$1,299,420
Cap Rate 7%
$928,157
Cap Rate 9%
$721,900
Alternative Uses
Best Use
Multifamily LT 5
$928.2K
$812.1K – $1.08M
NOI $64,971 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$852.4K
$745.8K – $994.5K
NOI $59,667 @ 7.0% cap · market cap 5.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,957
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-level multifamily property with private outdoor space, parking, and flexible living arrangements.
Where is this triplex located?
The property is located at 63 Crescent Pl Yonkers, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 2,685 square feet across three stories; Triplex configuration with 6 bedrooms and 3 bathrooms; Built in 1885
