Brick Triplex with Hudson
For Sale
$1,150,000
97 Van Cortlandt Pk Avenue, Yonkers, NY 10701
Residential Income, Yonkers, NY
Property Size3,900 SF
Lot Size0.18 Acres
Price / SF$294.87
Days on Market43
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
Bedroom 6, Bathroom 1, Bedroom 1, Basement, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 8, Dining Room, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 5, Bedroom 7, Bathroom 2
Parking
4
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
Walk-Out Access, Storage Space, Unfinished
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
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Amenities
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: Aug 20
Last Checked: Aug 24 at 10:06PM
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.
This 1930 brick triplex contains approximately 3,900 square feet across three residential units. The family-occupied owner's apartment offers three bedrooms, two full baths, a kitchen and dining area, central air conditioning, and in-unit laundry. The second apartment also includes three bedrooms and two baths, while the entry-level unit has two bedrooms and one bath. Kitchens in the upper units provide views toward the Hudson River and Palisades.
The property includes an expansive patio, walk-out basement access, a large attic, storage, and a driveway with four parking spaces plus two tandem spaces. Interior details include formal dining areas, an entrance foyer, combination flooring, public water and sewer, hot-water oil heating, and a mix of central and wall or window cooling. The 0.1778-acre property is located at 97 Van Cortlandt Pk Avenue in Yonkers, near the Saw Mill and Henry Hudson Parkways and a Metro-North station, with a stated 35-minute commute to NYC.
The property includes an expansive patio, walk-out basement access, a large attic, storage, and a driveway with four parking spaces plus two tandem spaces. Interior details include formal dining areas, an entrance foyer, combination flooring, public water and sewer, hot-water oil heating, and a mix of central and wall or window cooling. The 0.1778-acre property is located at 97 Van Cortlandt Pk Avenue in Yonkers, near the Saw Mill and Henry Hudson Parkways and a Metro-North station, with a stated 35-minute commute to NYC.
Key Highlights
- Legal 3‑family brick property built in 1930
- Approximately 3,900 square feet on 0.1778 acres
- Unit mix includes two 3‑bedroom units and one 2‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,371
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,887,420
$1.9M
Cap Rate 7%
$1,348,157
$1.3M
Cap Rate 9%
$1,048,567
$1.0M
Market Conditions
NOI Build-Up for 3,900 SF
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.
Gross rent
$147.4K $37.80/SF
− Vacancy
−$12.6K −$3.23/SF
EGI
$134.8K $34.57/SF
− OpEx
−$40.4K −$10.37/SF
NOI
$94.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,887,420
Cap Rate 7%
$1,348,157
Cap Rate 9%
$1,048,567
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
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
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 - Legal three-family residence with private outdoor space, basement access, and driveway parking.
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 3‑family brick property built in 1930; Approximately 3,900 square feet on 0.1778 acres; Unit mix includes two 3‑bedroom units and one 2‑bedroom unit
