Mixed-Use Property with Auto
For Sale
$1,600,000
914-920 Old Nepperhan Avenue, Yonkers, NY 10703
Commercial Sale, Yonkers, NY
Property Size5,500 SF
Lot Size0.19 Acres
Price / SF$290.91
Days on Market218
Property Features for 914-920 Old Nepperhan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I
Rooms
Basement
Parking
10
Basement
Unfinished
Directions
Corner of Old Nepperhan and River Place. This property can show up at 914 - 920 Old Nepperhan Ave.
Standard status
Active
APN
1800-002-000-02389-000-0014
Lot size
0.19 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20334
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1985
Floors in Building
2
Number of units
4
Building materials
Brick
Buildings
2
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(914) 277-5000
Listed By:
Keri Kenny · License #10401337125
(203) 524-8120
Added: Apr 1
Changed: Nov 3
Last Checked: Nov 4 at 1:06AM
MLS# 979866
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 two-building mixed-use property totals 5,500 square feet on a 0.19-acre parcel. The vacant automotive building contains 3,500 square feet for repair and storage, while the residential portion comprises 2,000 square feet with two occupied two-bedroom apartments. The buildings are brick, and the property was built in 1985.
Located on Old Nepperhan Avenue in Yonkers, the property is zoned I (Industrial). Public water and sewer serve the site; cable is available.
Located on Old Nepperhan Avenue in Yonkers, the property is zoned I (Industrial). Public water and sewer serve the site; cable is available.
Key Highlights
- 5,500 square feet across two buildings on 0.19 acres
- Vacant 3,500‑square‑foot auto‑body repair and storage space
- 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
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Industrial zoning and a combination of automotive space and occupied apartments define this two-building 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: 5,500 square feet across two buildings on 0.19 acres; Vacant 3,500‑square‑foot auto‑body repair and storage space; Two occupied two‑bedroom apartments totaling 2,000 square feet
