Vacant Triplex With
New
For Sale
$1,029,000
76 AKA74 Fortfield Ave, Yonkers, NY 10701
Three separate apartments, private outdoor space, and off-street parking support flexible occupancy options.
Property Size2,310 SF
Days on Market7
Property Features for 76 AKA74 Fortfield Ave
General Information
Standard status
Active
Size
2,310 SF
Total Parking Spaces
3
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,891
Amenities
balconies
back yard
Building Details
Building Size
2,310 SF
Year Built
1959
Buildings
1
Units
3
Listing Agency:
Mary Jane Pastor
(914) 374-7154
Listed By:
Joseph Fiore · License #40HA1151274
(914) 374-7154
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 21 at 11:14AM
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 Mary Jane Pastor
Investment Insights
Based on property information with market context.
This legal triplex in Yonkers includes two three-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. The property will be delivered vacant, allowing the next owner to occupy one residence while leasing the others or operate all three as rental units. Built in 1959, the home also offers balconies on the main and second floors, along with a spacious backyard suited to outdoor use.
A large driveway provides off-street parking for 3 cars. The property is positioned near highways, the parkway, shopping, schools, parks, restaurants, and public transportation. WalkScore is 72, TransitScore is 57, and BikeScore is 25, providing measurable context for access to nearby services and transportation options.
A large driveway provides off-street parking for 3 cars. The property is positioned near highways, the parkway, shopping, schools, parks, restaurants, and public transportation. WalkScore is 72, TransitScore is 57, and BikeScore is 25, providing measurable context for access to nearby services and transportation options.
Key Highlights
- Legal triplex with two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Delivered vacant for owner occupancy or leasing of all three apartments
- Main and second floors include balconies overlooking the backyard
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
$55,897
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
5.43%
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%
$1,117,940
$1.1M
Cap Rate 7%
$798,529
$798.5K
Cap Rate 9%
$621,078
$621.1K
Market Conditions
NOI Build-Up for 2,310 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
$87.3K $37.80/SF
− Vacancy
−$7.5K −$3.23/SF
EGI
$79.9K $34.57/SF
− OpEx
−$24.0K −$10.37/SF
NOI
$55.9K $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%
$1,117,940
Cap Rate 7%
$798,529
Cap Rate 9%
$621,078
Alternative Uses
Best Use
Multifamily LT 5
$798.5K
$698.7K – $931.6K
NOI $55,897 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$733.3K
$641.7K – $855.6K
NOI $51,333 @ 7.0% cap · market cap 4.99%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
708
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
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 separate apartments, private outdoor space, and off-street parking support flexible occupancy options.
Where is this triplex located?
The property is located at 76 AKA74 Fortfield Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,029,000.
What are key features of this property?
This property features: Legal triplex with two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Delivered vacant for owner occupancy or leasing of all three apartments; Main and second floors include balconies overlooking the backyard
