Mixed-Use Property with
New
For Sale
$699,500
91 Yonkers Avenue, Yonkers, NY 10701
A leased ground-floor retail space is paired with a two-bedroom apartment and additional storage areas.
Property Size1,456 SF
Price / SF$480.43
Days on Market3
Property Features for 91 Yonkers Avenue
General Information
Standard status
Active
Size
1,456 SF
Total Parking Spaces
2
Property subtype
Mixed Use
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,056
Amenities
basement storage
garage
additional storage
Building Details
Building Size
1,456 SF
Year Built
1905
Listing Agency:
Woodfront Realty, Inc.
Listed By:
Dee Rabady
(914) 661-4030
Source:
Shawmetro
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:23AM
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 Woodfront Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,456-square-foot mixed-use property, built in 1905, combines a ground-floor storefront with a two-bedroom apartment upstairs. The apartment is described as being in good condition, and the retail space has a tenant under lease through October 31, 2027. Basement storage serves the storefront.
A two-car garage sits behind the property. Above it, approximately 500 square feet of additional storage may offer expansion potential, subject to city approvals.
A two-car garage sits behind the property. Above it, approximately 500 square feet of additional storage may offer expansion potential, subject to city approvals.
Key Highlights
- Ground‑floor storefront leased through 10/31/2027
- Two‑bedroom apartment upstairs, described as being in good condition
- 1,456‑square‑foot property built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,436
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,720
$568.7K
Cap Rate 7%
$406,229
$406.2K
Cap Rate 9%
$315,956
$316.0K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$43.7K $30.00/SF
− Vacancy
−$3.1K −$2.10/SF
EGI
$40.6K $27.90/SF
− OpEx
−$12.2K −$8.37/SF
NOI
$28.4K $19.53/SF
Area
Yonkers, NY
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,720
Cap Rate 7%
$406,229
Cap Rate 9%
$315,956
Alternative Uses
Best Use
Retail
$406.2K
$355.5K – $473.9K
NOI $28,436 @ 7.0% cap · market cap 4.07%
Second Best
Mixed Use
$393.1K
$344.0K – $458.6K
NOI $27,518 @ 7.0% cap · market cap 3.93%
Theoretical Best
Multifamily LT 5
$503.3K
$440.4K – $587.2K
NOI $35,232 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,684
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 Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased ground-floor retail space is paired with a two-bedroom apartment and additional storage areas.
Where is this mixed-use property located?
The property is located at 91 Yonkers Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $699,500.
What are key features of this property?
This property features: Ground‑floor storefront leased through 10/31/2027; Two‑bedroom apartment upstairs, described as being in good condition; 1,456‑square‑foot property built in 1905
