Industrial Mixed-Use Property with Auto
For Sale
$1,600,000
914-920 Old Nepperhan Avenue, Yonkers, NY 10703
Two buildings combine auto-body space with occupied two-bedroom apartments in an industrial-zoned property.
Property Size5,500 SF
Price / SF$290.91
Days on Market214
Property Features for 914-920 Old Nepperhan Avenue
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Mixed Use
Zoning
I
Occupancy
36%
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
Building Details
Building Size
5,500 SF
Year Built
1985
Buildings
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Keri Kenny · License #10401337125
(203) 524-8120
Source:
Shawmetro
Added: Apr 6
Changed: Nov 4
Last Checked: Nov 4 at 1:07PM
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
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Investment Insights
Based on property information with market context.
The property comprises two buildings totaling 5,500 square feet, with 3,500 square feet configured for auto-body repair and storage and 2,000 square feet of residential space. The auto-body shop is vacant, while the residential portion contains two occupied two-bedroom apartments that produce rental income.
Zoned I (Industrial), the property was built in 1985 and is located at 914-920 Old Nepperhan Avenue in Yonkers, New York.
Zoned I (Industrial), the property was built in 1985 and is located at 914-920 Old Nepperhan Avenue in Yonkers, New York.
Key Highlights
- Two buildings totaling 5,500 square feet
- 3,500 square feet of auto‑body repair and storage space
- 2,000 square feet of residential area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,415
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,148,300
$2.1M
Cap Rate 7%
$1,534,500
$1.5M
Cap Rate 9%
$1,193,500
$1.2M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$165.0K $30.00/SF
− Vacancy
−$11.6K −$2.10/SF
EGI
$153.5K $27.90/SF
− OpEx
−$46.0K −$8.37/SF
NOI
$107.4K $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%
$2,148,300
Cap Rate 7%
$1,534,500
Cap Rate 9%
$1,193,500
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 authorities.
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Current Use
Lease Details
36.4%
Occupancy
Multi-tenant
Tenancy
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 buildings combine auto-body space with occupied two-bedroom apartments in an industrial-zoned property.
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 totaling 5,500 square feet; 3,500 square feet of auto‑body repair and storage space; 2,000 square feet of residential area
