Updated Two-Family
New
For Sale
$849,000
76 Wickes Ave, Yonkers, NY 10701
Residential Income, Yonkers, NY
Property Size2,447 SF
Lot Size0.11 Acres
Price / SF$346.96
Days on Market2
Property Features for 76 Wickes Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Patio and Porch features
Deck
Interior features
Entrance Foyer
Fireplace
1
Subdivision
Bryn Mawr Park
High school district
YONKERS CITY SCHOOL DISTRICT
Directions
Lockwood - turn onto Wickes - house on right.
Standard status
Active
Size
2,447 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
14000
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Water source
Public
Amenities
balcony
Building Details
Year built
1919
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
CITY EXPRESS REALTY AND MANAGEMENT CORP
Listed By:
John Kiriakos
(347) 217-6318
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 5:06AM
MLS# 11991764
Copyright © 2026 My State 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 legal two-family residence, built in 1919, has been updated with renovated kitchens and bathrooms, hardwood flooring, new appliances, quartz countertops, new windows, and mini-split heating and cooling. The home includes tile and hardwood flooring, an entrance foyer, a fireplace, and a second-floor balcony. A freshly finished basement and an attic with luxury vinyl plank flooring provide additional bonus rooms beyond the reported living area.
The property also includes a detached two-car garage with loft storage. Exterior features include vinyl siding, an asphalt roof, a deck, and public water service. Its 0.1079-acre lot is near major roadways, schools, shopping, and dining options.
The property also includes a detached two-car garage with loft storage. Exterior features include vinyl siding, an asphalt roof, a deck, and public water service. Its 0.1079-acre lot is near major roadways, schools, shopping, and dining options.
Key Highlights
- Legal two‑family residence on a 0.1079‑acre lot
- Renovated kitchens and bathrooms with quartz countertops and new appliances
- Mini‑split heating and cooling, new windows, hardwood and tile flooring
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
$59,212
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
6.97%
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%
$1,184,240
$1.2M
Cap Rate 7%
$845,886
$845.9K
Cap Rate 9%
$657,911
$657.9K
Market Conditions
NOI Build-Up for 2,447 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
$92.5K $37.80/SF
− Vacancy
−$7.9K −$3.23/SF
EGI
$84.6K $34.57/SF
− OpEx
−$25.4K −$10.37/SF
NOI
$59.2K $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%
$1,184,240
Cap Rate 7%
$845,886
Cap Rate 9%
$657,911
Alternative Uses
Best Use
Multifamily LT 5
$845.9K
$740.2K – $986.9K
NOI $59,212 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$776.8K
$679.7K – $906.3K
NOI $54,378 @ 7.0% cap · market cap 6.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
935
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
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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 - Legal two-family residence with renovated interiors, a second-floor balcony, and a detached garage.
Where is this duplex located?
The property is located at 76 Wickes Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Legal two‑family residence on a 0.1079‑acre lot; Renovated kitchens and bathrooms with quartz countertops and new appliances; Mini‑split heating and cooling, new windows, hardwood and tile flooring
