Mixed-Use Building with Diner
775 Nepperhan Avenue Yonkers, NY 10710
775 Nepperhan Avenue, Yonkers, NY, 10710
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For Sale
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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
Price / SF$228.98
Days on Market84
Property Features for 775 Nepperhan Avenue
General Information
- Standard status
- Active
- Size
- 4,520 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1969
Listing agency
NuRealty Advisors
Listed by
Michael Nuhko · License #NY10311203305
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 6:11PM Checked: Jul 21 at 6:41AM
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
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
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.9k | $33.60 |
| − Vacancy | −$15.2k | −$3.36 |
| EGI | $136.7k | $30.24 |
| − OpEx | −$51.3k | −$11.34 |
| NOI | $85.4k | $18.90 |
4,520 SF · lease $33.60/SF/yr · vacancy 10.00% · expense 37.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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
