Remodeled Four-Family Property in
92 Elliott Ave, Yonkers, NY 10705
Fully remodeled four-family property with income potential near NYC.
Type:Multifamily
Property size:
3,550 SFPrice / SF:
$422/SF- Added:
- Mar 17, 2026
- Days on Market:
- 67
- Last Refresh:
- Mar 19 at 11:51 pm
Property Features for 92 Elliott Ave
General Information
- Standard status
- Active
- Size
- 3,550 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1908
Listing agent Kevin Lang License #10401327483
Listing office Compass Greater NY
Listing date Mar 17, 2026
Source Crexi
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 Compass Greater NY
HighLights
- Strong income potential with immediate upside due to below‑market rents and two vacant units ready to rent.
- Fully remodeled, low‑maintenance four‑family property.
- Excellent opportunity for investors or owner‑occupants.
- Each unit is separately metered for gas and electric, reducing landlord expenses.
- Convenient location near shops, schools, major parkways, public transportation, and easy access to NYC.
- Low property taxes.
Overview
This fully remodeled legal four-family property offers strong income potential and immediate upside. It is an excellent opportunity for both investors and owner-occupants. Ideal for an investor seeking a strong addition to their portfolio or a buyer looking to live in one unit while renting the other three. The building has been extensively updated, providing modernized units and low-maintenance ownership. Each unit is separately metered for gas and electric, with tenants responsible for their own utilities, while the landlord pays for water. Two units will be delivered vacant, offering the ability to immediately occupy or rent at current market rates, while the remaining two units are currently rented below market, creating meaningful upside potential for increased income. With low property taxes and a convenient location near shops, schools, major parkways, public transportation, and easy access to NYC, this property presents a compelling opportunity for immediate cash flow and long-term investment potential. The property size is 3550 square feet. It is a remodeled, income-producing property ready for its next owner.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$954.5K
NOI $85,902 @ 9.00% cap · cautious / downside scenario
Moderate
$1.23M
NOI $85,902 @ 7.00% cap · market / base-case scenario
Aggressive
$1.72M
NOI $85,902 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.2k | $37.80 |
| − Vacancy | −$11.5k | −$3.23 |
| EGI | $122.7k | $34.57 |
| − OpEx | −$36.8k | −$10.37 |
| NOI | $85.9k | $24.20 |
3,550 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,902 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$1.13M
$986.1K – $1.31M
NOI $78,889 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.8968568
- Latitude
- 40.920333
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fully remodeled four-family property with income potential near NYC.
Where is this quadplex located?
The property is located at 92 Elliott Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Strong income potential with immediate upside due to below‑market rents and two vacant units ready to rent.; Fully remodeled, low‑maintenance four‑family property.; Excellent opportunity for investors or owner‑occupants.
