Mixed-Use Property in
914-920 Old Nepperhan Avenue Yonkers, NY 10703
914-920 Old Nepperhan Avenue, Yonkers, NY, 10703
$1,600,000
For Sale
$1,600,000
Mixed-use property with auto-body shop and residential units.
Property Size5,500 SF
Price / SF$290.91
Days on Market102
Property Features for 914-920 Old Nepperhan Avenue
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing Agency
COLDWELL BANKER REALTY
(914) 277-5000
Listed by
KERI KENNY · License #10401337125
Source
Corcoran
Added: Apr 6 Checked: Jul 16 at 3:33 am
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This mixed-use property is located in the center of Yonkers' historic industrial corridor. The property features a vacant auto-body shop and two occupied two-bedroom apartments that generate rental income. The property consists of two buildings zoned "I" (Industrial), with a combined area of 5,500 square feet. The auto-body repair and storage area occupies 3,500 square feet, while the residential space accounts for 2,000 square feet. This property is suitable for investors or owner-users.
Key Highlights
- Mixed‑use property featuring both industrial and residential spaces.
- Vacant 3,500 sf auto‑body shop/storage space ready for immediate use or lease.
- Zoned "I" (Industrial) offering versatile usage options.
Local Financial Insights For Retail
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 | $165.0k | $30.00 |
| − Vacancy | −$11.6k | −$2.10 |
| EGI | $153.5k | $27.90 |
| − OpEx | −$46.0k | −$8.37 |
| NOI | $107.4k | $19.53 |
5,500 SF · lease $30.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.79M
NOI $107,415 @ 7.0% cap · market cap 6.71%
Second Best
Mixed Use
$1.48M
$1.30M – $1.73M
NOI $103,950 @ 7.0% cap · market cap 6.50%
Theoretical Best
Multifamily LT 5
$1.90M
$1.66M – $2.22M
NOI $133,087 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with auto-body shop and residential units.
Where is this mixed-use property located?
The property is located at 914-920 Old Nepperhan Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Mixed‑use property featuring both industrial and residential spaces.; Vacant 3,500 sf auto‑body shop/storage space ready for immediate use or lease.; Zoned "I" (Industrial) offering versatile usage options.
