Triplex with
For Sale
$1,299,999
743 Palisade Avenue, Yonkers, NY 10703
Residential Income, Yonkers, NY
Property Size3,566 SF
Lot Size0.15 Acres
Price / SF$364.55
Days on Market45
Property Features for 743 Palisade Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking
6
Parking features
Off Street, Driveway, Garage
Patio and Porch features
Patio, Porch
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Original Details, Walk-In Closet(s)
Fireplace
1
Basement
Walk-Out Access, Finished, Full
Elementary school
Yonkers (School Choice)
Middle school
Yonkers (School Choice)
High school
Yonkers (School Choice)
Elementary school district
Yonkers
Middle school district
Yonkers
High school district
Yonkers
Directions
Roberts Avenue to Palisade Avenue to #743.
Standard status
Active
APN
1800-003-000-03026-000-0021
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12741
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Number of units
3
Building materials
Frame
Listing Agency:
Mary Jane Pastor Realty
(914) 682-1799
Listed By:
Liliana Sarmento
(914) 439-3354
Added: Jul 22
Changed: Aug 20
Last Checked: Sep 4 at 2:06PM
MLS# 1027421
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex at 743 Palisade Avenue includes 3,566 square feet on a 0.1481-acre lot. The home has six bedrooms, three bathrooms, a basement, an eat-in kitchen, an entrance foyer, and a first-floor bedroom with a full bath. Interior details include original features and a walk-in closet. A fireplace, patio, porch, garage, driveway, and additional off-street parking are also included.
The property was built in 1900 with frame construction and is served by public water and public sewer. Heating is provided by natural gas. Its Yonkers, NY address places the property in Westchester County.
The property was built in 1900 with frame construction and is served by public water and public sewer. Heating is provided by natural gas. Its Yonkers, NY address places the property in Westchester County.
Key Highlights
- 3,566‑square‑foot triplex on a 0.1481‑acre lot
- Six bedrooms, three bathrooms, and a basement
- Garage, driveway, and off‑street parking
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
$86,289
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
6.64%
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%
$1,725,780
$1.7M
Cap Rate 7%
$1,232,700
$1.2M
Cap Rate 9%
$958,767
$958.8K
Market Conditions
NOI Build-Up for 3,566 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
$134.8K $37.80/SF
− Vacancy
−$11.5K −$3.23/SF
EGI
$123.3K $34.57/SF
− OpEx
−$37.0K −$10.37/SF
NOI
$86.3K $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%
$1,725,780
Cap Rate 7%
$1,232,700
Cap Rate 9%
$958,767
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,289 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$1.13M
$990.6K – $1.32M
NOI $79,244 @ 7.0% cap · market cap 6.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
Explore this area
Business Placement
Demographics for 10703, NY
22,571
Population
7,925
Households
2.8
Avg Household Size
39
Median Age
26%
College-Educated
80%
High-School Grad
1.6 sq mi
ZIP Area
14,107
Density / Sq Mi
$74,940
Median Household Income
$42,972
Median Earnings
$1,702
Median Rent
$477,500
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 - Frame construction with public utilities, off-street parking, and a driveway.
Where is this triplex located?
The property is located at 743 Palisade Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 3,566‑square‑foot triplex on a 0.1481‑acre lot; Six bedrooms, three bathrooms, and a basement; Garage, driveway, and off‑street parking
