Brick Legal Three-Family with
For Sale
$1,150,000
97 Van Cortlandt Pk Avenue, Yonkers, NY 10701
MULTI_FAMILY - Yonkers, NY
Property Size3,900 SF
Lot Size0.18 Acres
Price / SF$294.87
Days on Market20
Property Features for 97 Van Cortlandt Pk Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 6, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 8, Bedroom 1, Bedroom 4, Dining Room, Bedroom 5, Bedroom 3, Bathroom 1, Basement
Parking
3
Parking features
Driveway
Security features
Security System
Interior features
Eat-in Kitchen, Entrance Foyer, Formal Dining, Open Kitchen, Smart Thermostat, Storage, Washer/Dryer Hookup
Fireplace
1
Basement
Unfinished, Storage Space, Walk-Out Access
View
River
Elementary school
Yonkers (School Choice)
Middle school
Yonkers (School Choice)
High school
Yonkers (School Choice)
Elementary school district
Yonkers
Middle school district
Yonkers
High school district
Yonkers
Directions
Rumsey Road to Van Cortlandt Park Ave
Standard status
Active
APN
1800-001-000-00460-000-0011-28
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
16324
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Amenities
central air conditioning
in-unit washer/dryer
attic space
views
patio
walk-out basement
Building Details
Year built
1930
Number of units
3
Flooring type
Combination
Building materials
Brick
Additional Structures
Storage
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(914) 693-5476
Listed By:
Barbara O'Connell
(914) 548-1628
Added: Jul 13
Changed: Jul 31
Last Checked: Aug 1 at 2:06AM
MLS# 1024944
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.
Investment Insights
Based on property information with market context.
Solid brick legal three-family at 97 Van Cortlandt Pk Avenue, Yonkers, built in 1930. The property offers approximately 3,900 square feet of space and has been well maintained by the same owner for over 40 years.
The owner’s unit is family occupied and includes three bedrooms, two full baths, and a kitchen/dining combo with central air conditioning and a washer/dryer in the unit. The living room has a non-working fireplace, and there is a closet with a staircase to a very large attic space. Unit 2 is a three-bedroom, two-bath layout with a living room, non-working fireplace, and kitchen/dining areas, with Hudson River and Palisades views from the kitchen. The entry level unit is a two-bedroom, one-bath configuration.
Outside, the expansive patio is described as a space for private entertaining, parties, or play space and provides access to a walk-out basement. The property also notes additional income may be possible with three parking spaces and three tandem spaces. Public water and public sewer are provided, and heating is oil with hot water heating; cooling includes central air and window and wall/window units.
The owner’s unit is family occupied and includes three bedrooms, two full baths, and a kitchen/dining combo with central air conditioning and a washer/dryer in the unit. The living room has a non-working fireplace, and there is a closet with a staircase to a very large attic space. Unit 2 is a three-bedroom, two-bath layout with a living room, non-working fireplace, and kitchen/dining areas, with Hudson River and Palisades views from the kitchen. The entry level unit is a two-bedroom, one-bath configuration.
Outside, the expansive patio is described as a space for private entertaining, parties, or play space and provides access to a walk-out basement. The property also notes additional income may be possible with three parking spaces and three tandem spaces. Public water and public sewer are provided, and heating is oil with hot water heating; cooling includes central air and window and wall/window units.
Key Highlights
- Built in 1930 brick legal three‑family with approximately 3,900 SF
- Owner’s unit includes 3 bedrooms, 2 full baths, CAC, and washer/dryer
- Units include non‑working fireplaces in living rooms and access to a very large attic
Financial Insights For Multifamily LT 5
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 | $147.4k | $37.80 |
| − Vacancy | −$12.6k | −$3.23 |
| EGI | $134.8k | $34.57 |
| − OpEx | −$40.4k | −$10.37 |
| NOI | $94.4k | $24.20 |
3,900 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,371 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,667 @ 7.0% cap · market cap 7.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,453
Businesses Nearby
Explore this area
Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Solid brick legal three-family features a bright kitchen, multiple bedrooms, and an expansive patio with walk-out basement access.
Where is this triplex located?
The property is located at 97 Van Cortlandt Pk Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 1930 brick legal three‑family with approximately 3,900 SF; Owner’s unit includes 3 bedrooms, 2 full baths, CAC, and washer/dryer; Units include non‑working fireplaces in living rooms and access to a very large attic
