3-Unit Brick Multifamily
For Sale
$1,150,000
97 Van Cortlandt Pk Avenue, Yonkers, NY 10701
Three apartments offer varied bedroom configurations, while a private patio connects to a walk-out basement.
Property Size2,774 SF
Price / SF$414.56
Days on Market91
Property Features for 97 Van Cortlandt Pk Avenue
General Information
Standard status
Active
Size
2,774 SF
Total Parking Spaces
6
Property subtype
Triplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,324
Building Details
Building Size
2,774 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Coldwell Banker Realty
Listed By:
Barbara O'Connell
(914) 693-5476
Source:
Dallingrealestate
Added: Jul 31
Changed: Oct 26
Last Checked: Oct 29 at 12:43PM
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.
Built in 1930, this brick legal three-family property contains three apartments. The owner’s unit has 3 bedrooms, 2 full baths, a combined kitchen and dining area, central air conditioning, and an in-unit washer and dryer. A second apartment provides 3 bedrooms, 2 baths, a living room, kitchen, and dining room; the entry-level apartment has 2 bedrooms and 1 bath. Two kitchens have views of the Hudson River and Palisades. A large attic is accessible by stairs from a closet in the owner’s unit, and the living rooms in the upper apartments each have a nonworking fireplace.
An expansive patio opens to a walk-out basement. The property includes 4 parking spaces and 2 tandem spaces. Saw Mill and Henry Hudson Parkways and a Metro-North station are minutes away; the stated commute to New York City is 35 minutes.
An expansive patio opens to a walk-out basement. The property includes 4 parking spaces and 2 tandem spaces. Saw Mill and Henry Hudson Parkways and a Metro-North station are minutes away; the stated commute to New York City is 35 minutes.
Key Highlights
- Legal three‑family property with 3 apartments
- Owner’s unit: 3 bedrooms, 2 full baths, central air conditioning, and in‑unit washer and dryer
- Second apartment has 3 bedrooms and 2 baths; entry‑level apartment has 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,124
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,480
$1.3M
Cap Rate 7%
$958,914
$958.9K
Cap Rate 9%
$745,822
$745.8K
Market Conditions
NOI Build-Up for 2,774 SF
Gross rent
$104.9K $37.80/SF
− Vacancy
−$9.0K −$3.23/SF
EGI
$95.9K $34.57/SF
− OpEx
−$28.8K −$10.37/SF
NOI
$67.1K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,480
Cap Rate 7%
$958,914
Cap Rate 9%
$745,822
Alternative Uses
Best Use
Multifamily LT 5
$958.9K
$839.1K – $1.12M
NOI $67,124 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$880.6K
$770.6K – $1.03M
NOI $61,644 @ 7.0% cap · market cap 5.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer varied bedroom configurations, while a private patio connects to a walk-out basement.
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: Legal three‑family property with 3 apartments; Owner’s unit: 3 bedrooms, 2 full baths, central air conditioning, and in‑unit washer and dryer; Second apartment has 3 bedrooms and 2 baths; entry‑level apartment has 2 bedrooms and 1 bath
