Mixed-Use Property with Auto
For Sale
$1,600,000
Pending
914-920 Old Nepperhan Avenue, Yonkers, NY 10703
Two occupied apartments provide rental income alongside a vacant automotive service and storage facility.
Property Size5,500 SF
Days on Market10
Property Features for 914-920 Old Nepperhan Avenue
General Information
Standard status
Pending
Size
5,500 SF
Zoning
I
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
collision/body shop
Taxes and HOA fees
Annual Taxes
$20,334
Amenities
Unfinished
1
2
Yes
Public
10
No
5500
Building Details
Building Size
5,500 SF
Year Built
1985
Buildings
2
Stories
2
Listing Agency:
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:54PM
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 Louis LaDonna
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Investment Insights
Based on property information with market context.
The two-building property combines an unoccupied auto-body shop with two residential apartments. The shop and storage area total 3,500 square feet, while the apartments account for 2,000 square feet. Built in 1985, the property has Industrial (I) zoning.
Both two-bedroom apartments are occupied and generate rental income. The automotive space is vacant and configured for repair and storage use.
Both two-bedroom apartments are occupied and generate rental income. The automotive space is vacant and configured for repair and storage use.
Key Highlights
- Two buildings with 5,500 square feet combined
- Vacant auto‑body repair and storage space totals 3,500 square feet
- Two occupied two‑bedroom apartments totaling 2,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,222
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,444,440
$2.4M
Cap Rate 7%
$1,746,029
$1.7M
Cap Rate 9%
$1,358,022
$1.4M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$244.2K $44.40/SF
− Vacancy
−$22.0K −$4.00/SF
EGI
$222.2K $40.40/SF
− OpEx
−$100.0K −$18.18/SF
NOI
$122.2K $22.22/SF
Area
Yonkers, NY
Vacancy
9.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,444,440
Cap Rate 7%
$1,746,029
Cap Rate 9%
$1,358,022
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,222 @ 7.0% cap · market cap 7.64%
Second Best
Retail
$1.53M
$1.34M – $1.79M
NOI $107,415 @ 7.0% cap · market cap 6.71%
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 authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
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Business Placement
Demographics for 10703, NY
22,571
Population
7,925
Households
2.8
Avg Household Size
39
Median Age
26%
College-Educated
80%
High-School Grad
1.6 sq mi
ZIP Area
14,107
Density / Sq Mi
$74,940
Median Household Income
$42,972
Median Earnings
$1,702
Median Rent
$477,500
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied apartments provide rental income alongside a vacant automotive service and storage facility.
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: Two buildings with 5,500 square feet combined; Vacant auto‑body repair and storage space totals 3,500 square feet; Two occupied two‑bedroom apartments totaling 2,000 square feet
