Five-Unit Apartment
99 Murray Avenue, Yonkers, NY 10704
For Sale
New
$2,195,000
The Yonkers property combines a varied apartment mix with access to regional roads and public transportation.
Property Size8,704 SF
Price / SF$252.18
Days on Market7
Property Features for 99 Murray Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Nova Home Realty LLC
Listed By:
Alexandra Martinez
(646) 288-4400
Source:
Shawmetro
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 12 at 4:22PM
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 Nova Home Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this Yonkers apartment building contains five units: four one-bedroom apartments and one three-bedroom apartment. The available unit details identify four as having no lease and one lease expiring September 30, 2027.
The property is in the Dunwoodie area, with access to the Saw Mill River Parkway, Cross County Parkway and I-87. Bee-Line bus service and Metro-North stations provide additional transportation options. Nearby destinations include Cross County Shopping Center, Ridge Hill Shopping Center and Sprain Lake golf courses.
The property is in the Dunwoodie area, with access to the Saw Mill River Parkway, Cross County Parkway and I-87. Bee-Line bus service and Metro-North stations provide additional transportation options. Nearby destinations include Cross County Shopping Center, Ridge Hill Shopping Center and Sprain Lake golf courses.
Key Highlights
- Five apartments: four one‑bedroom units and one three‑bedroom unit
- Built in 1920
- Four units listed with no lease; one lease expires September 30, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,422
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,868,440
$3.9M
Cap Rate 7%
$2,763,171
$2.8M
Cap Rate 9%
$2,149,133
$2.1M
Market Conditions
NOI Build-Up for 8,704 SF
Gross rent
$386.5K $44.40/SF
− Vacancy
−$34.8K −$4.00/SF
EGI
$351.7K $40.40/SF
− OpEx
−$158.3K −$18.18/SF
NOI
$193.4K $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%
$3,868,440
Cap Rate 7%
$2,763,171
Cap Rate 9%
$2,149,133
Alternative Uses
Best Use
Apartment 5plus
$2.76M
$2.42M – $3.22M
NOI $193,422 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.01M
$2.63M – $3.51M
NOI $210,617 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 10704, NY
32,426
Population
12,576
Households
2.6
Avg Household Size
42
Median Age
37%
College-Educated
88%
High-School Grad
2.7 sq mi
ZIP Area
12,010
Density / Sq Mi
$110,097
Median Household Income
$57,134
Median Earnings
$1,898
Median Rent
$508,100
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Yonkers, NY
Properties on Market for Apartment buildings in Yonkers
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The Yonkers property combines a varied apartment mix with access to regional roads and public transportation.
Where is this apartment building located?
The property is located at 99 Murray Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Five apartments: four one‑bedroom units and one three‑bedroom unit; Built in 1920; Four units listed with no lease; one lease expires September 30, 2027
