Mixed-Use Building with Diner
For Sale
Contact for pricing
Pending
775 Nepperhan Avenue, Yonkers, NY 10710
Mixed-use property with three apartments, an owner-operated laundry, and two ground-floor commercial units anchored by a long-running diner.
Property Size4,520 SF
Days on Market175
Property Features for 775 Nepperhan Avenue
General Information
Standard status
Pending
Size
4,520 SF
Class
C
Property subtype
Retail, Multifamily, Mixed Use
Zoning
I
Occupancy
80%
Investment Type
Value Add
Additional Details
Multifamily Units
3
Building Details
Year Built
1969
Buildings
1
Stories
3
Units
5
Tenancy
Multi
Listing Agency:
NuRealty Advisors
Listed By:
Michael Nuhko · License #NY10311203305
Source:
Crexi
Added: Apr 29
Changed: Oct 11
Last Checked: Oct 19 at 3:17AM
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 NuRealty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This free-market mixed-use property at 775 Nepperhan Avenue includes three residential apartments: one 1-bedroom unit and two 3-bedroom units. The building also has an owner-operated laundry room. There are two ground-floor commercial units, with one occupied by a diner that has operated for more than 20 years, and the second commercial unit currently vacant and actively listed for rent.
Residential tenants are on month-to-month leases, which may allow a new owner to adjust rents upon renewal. The commercial anchor provides established tenancy, and the remark notes that all tenants pay their own utilities.
According to the provided figures, the current gross income is $104,833, which is below the stated market gross income of $153,433—an approximately $50,000 gap. The listing frames this as nearly 47% in-place rental upside.
Residential tenants are on month-to-month leases, which may allow a new owner to adjust rents upon renewal. The commercial anchor provides established tenancy, and the remark notes that all tenants pay their own utilities.
According to the provided figures, the current gross income is $104,833, which is below the stated market gross income of $153,433—an approximately $50,000 gap. The listing frames this as nearly 47% in-place rental upside.
Key Highlights
- 1969‑built mixed‑use property in Yonkers, NY with three apartments and two ground‑floor commercial units
- Residential mix: 1 one‑bedroom apartment and 2 three‑bedroom apartments
- Commercial space includes a long‑standing diner with over 20 years of operating history, plus a second ground‑floor unit currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,428
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,560
$1.7M
Cap Rate 7%
$1,220,400
$1.2M
Cap Rate 9%
$949,200
$949.2K
Market Conditions
NOI Build-Up for 4,520 SF
Gross rent
$151.9K $33.60/SF
− Vacancy
−$15.2K −$3.36/SF
EGI
$136.7K $30.24/SF
− OpEx
−$51.3K −$11.34/SF
NOI
$85.4K $18.90/SF
Area
Yonkers, NY
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,560
Cap Rate 7%
$1,220,400
Cap Rate 9%
$949,200
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,373 @ 7.0% cap · market cap 10.57%
Second Best
Apartment 5plus
$1.43M
$1.26M – $1.67M
NOI $100,444 @ 7.0% cap · market cap 9.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 10710, NY
26,725
Population
10,107
Households
2.6
Avg Household Size
46
Median Age
44%
College-Educated
91%
High-School Grad
4.6 sq mi
ZIP Area
5,810
Density / Sq Mi
$100,783
Median Household Income
$58,949
Median Earnings
$1,797
Median Rent
$534,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with three apartments, an owner-operated laundry, and two ground-floor commercial units anchored by a long-running diner.
Where is this mixed-use property located?
The property is located at 775 Nepperhan Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,035,000.
What are key features of this property?
This property features: 1969‑built mixed‑use property in Yonkers, NY with three apartments and two ground‑floor commercial units; Residential mix: 1 one‑bedroom apartment and 2 three‑bedroom apartments; Commercial space includes a long‑standing diner with over 20 years of operating history, plus a second ground‑floor unit currently vacant
