Three-Story Mixed-Use
For Sale
$1,250,000
880 Midland Avenue, Yonkers, NY 10704
Commercial Sale, Yonkers, NY
Property Size3,201 SF
Price / SF$390.50
Days on Market50
Property Features for 880 Midland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway, Off Street, Paved or Surfaced
Appliances
ENERGY STAR Qualified Appliances
Lot features
Back Yard, Near Public Transit
Elementary school district
Contact Agent
Middle school district
Contact Agent
High school district
Contact Agent
Standard status
Active
Additional Details
Tenant in Place
Yes
Mixed-Use Components
residential, retail
Taxes and HOA fees
Tax Year
2026
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
fenced backyard
Building Details
Year built
1927
Floors in Building
3
Building materials
Aluminum Siding, Brick
Buildings
1
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Zhen Chen · License #10401310107
(917) 815-1188
Added: Sep 16
Changed: Oct 29
Last Checked: Nov 4 at 1:06AM
MLS# 1051862
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached, three-story mixed-use building contains two residential apartments and one commercial storefront. The residential portion totals approximately 2,133 SF, while the commercial area comprises approximately 1,066 SF, for approximately 3,201 SF overall. Each apartment includes three bedrooms and one full bathroom. A fenced backyard complements the building, which was constructed in 1927 and is currently occupied by tenants.
The property is located at 880 Midland Avenue in Yonkers, near shopping, dining, transportation, and everyday amenities. Empire City Casino is approximately 5 minutes away by car, with Macy's and the Cross County shopping district nearby. The site also offers access to major highways and is approximately 30 minutes by car from downtown Flushing, Queens.
The property is located at 880 Midland Avenue in Yonkers, near shopping, dining, transportation, and everyday amenities. Empire City Casino is approximately 5 minutes away by car, with Macy's and the Cross County shopping district nearby. The site also offers access to major highways and is approximately 30 minutes by car from downtown Flushing, Queens.
Key Highlights
- Approximately 3,201 SF across residential and commercial areas
- Two residential units, each with 3 bedrooms and 1 full bathroom
- Approximately 1,066 SF of commercial storefront space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,457
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,140
$1.5M
Cap Rate 7%
$1,106,529
$1.1M
Cap Rate 9%
$860,633
$860.6K
Market Conditions
NOI Build-Up for 3,201 SF
Gross rent
$121.0K $37.80/SF
− Vacancy
−$10.3K −$3.23/SF
EGI
$110.7K $34.57/SF
− OpEx
−$33.2K −$10.37/SF
NOI
$77.5K $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%
$1,549,140
Cap Rate 7%
$1,106,529
Cap Rate 9%
$860,633
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$968.2K – $1.29M
NOI $77,457 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$1.02M
$889.2K – $1.19M
NOI $71,133 @ 7.0% cap · market cap 5.69%
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?
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
696
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?
Mixed-use property - Detached building combining residential apartments with a ground-floor storefront and fenced outdoor space.
Where is this mixed-use property located?
The property is located at 880 Midland Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 3,201 SF across residential and commercial areas; Two residential units, each with 3 bedrooms and 1 full bathroom; Approximately 1,066 SF of commercial storefront space
