Two-Unit Brick
For Sale
$887,550
786 Mile Square Road, Yonkers, NY 10704
Each residence has its own laundry, with gas and electric service separately metered.
Property Size2,442 SF
Price / SF$363.45
Days on Market72
Property Features for 786 Mile Square Road
General Information
Standard status
Active
Size
2,442 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA duplex, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$12,755
Amenities
private laundry
patios
oversized backyard and side yard
storage
Building Details
Building Size
2,442 SF
Year Built
1938
Buildings
1
Construction
all-brick
Listing Agency:
Compass Greater NY, LLC
Listed By:
Kevin Lang · License #10401327483
(914) 752-8763
Source:
Sheridanres
Added: Aug 22
Changed: Oct 31
Last Checked: Oct 31 at 3:20AM
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 Compass Greater NY, LLC
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Investment Insights
Based on property information with market context.
This 2,442-square-foot, all-brick duplex was built in 1938 and contains two residences: a duplex apartment with three bedrooms and two full baths, plus a separate apartment with two bedrooms and one full bath. Both homes have updated kitchens and bathrooms and private laundry. Utilities are separately metered, and tenants pay their own gas and electricity.
Outdoor features include a backyard, side yard, patios, driveway parking, and storage. Public transportation, Metro North, shopping, schools, parks, and major highways and parkways are nearby.
Outdoor features include a backyard, side yard, patios, driveway parking, and storage. Public transportation, Metro North, shopping, schools, parks, and major highways and parkways are nearby.
Key Highlights
- 2,442‑square‑foot, all‑brick property built in 1938
- Two residences: a 3‑bedroom, 2‑bath duplex and a 2‑bedroom, 1‑bath apartment
- Updated kitchens and bathrooms in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,091
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,820
$1.2M
Cap Rate 7%
$844,157
$844.2K
Cap Rate 9%
$656,567
$656.6K
Market Conditions
NOI Build-Up for 2,442 SF
Gross rent
$92.3K $37.80/SF
− Vacancy
−$7.9K −$3.23/SF
EGI
$84.4K $34.57/SF
− OpEx
−$25.3K −$10.37/SF
NOI
$59.1K $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 Rate 5%
$1,181,820
Cap Rate 7%
$844,157
Cap Rate 9%
$656,567
Alternative Uses
Best Use
Multifamily LT 5
$844.2K
$738.6K – $984.9K
NOI $59,091 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$775.2K
$678.3K – $904.5K
NOI $54,267 @ 7.0% cap · market cap 6.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 10704, NY
32,426
Population
12,576
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
12,010
Density / Sq Mi
$110,097
Median Household Income
$57,134
Median Earnings
$1,898
Median Rent
$508,100
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?
Duplex - Each residence has its own laundry, with gas and electric service separately metered.
Where is this duplex located?
The property is located at 786 Mile Square Road Yonkers, NY.
What is the asking price?
The asking price for this property is $887,550.
What are key features of this property?
This property features: 2,442‑square‑foot, all‑brick property built in 1938; Two residences: a 3‑bedroom, 2‑bath duplex and a 2‑bedroom, 1‑bath apartment; Updated kitchens and bathrooms in both residences
