Multi-Family Package with
For Sale
$1,198,000
130-134-136 Oliver Ave, Yonkers, NY 10701
MULTI_FAMILY - Yonkers, NY
Property Size1,900 SF
Lot Size0.09 Acres
Price / SF$630.53
Days on Market150
Property Features for 130-134-136 Oliver Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3
Subdivision
Nodine Hill
High school district
000000
Standard status
Active
APN
000000-001.000-0440-017.000
Size
1,900 SF
Lot size
0.09 Acres
Building Details
Year built
1935
Floors in Building
3
Listing Agency:
CENTURY 21 DAWNS GOLD
(914) 793-8800
Listed By:
Abraham Mathew · License #31MA0877041
(914) 793-8800
Added: Mar 16
Changed: Aug 3
Last Checked: Aug 12 at 12:06AM
MLS# 11674861
Copyright © 2026 My State 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 for-sale package includes a legal three-family home along with a two-story single-family home located in the rear of the back lots. The property also features 14 garages and plenty of storage. The offering is sold as-is, and buyers should verify all taxes and zoning requirements.
The property is located at 130-134-136 Oliver Ave in Yonkers, New York (Westchester County). The seller notes potential for additional development, including the possibility of building a unit of 20+ families, subject to buyer verification of zoning and other requirements.
The listing shows a lot size of 0.09 acres and a property size of 1,900 square feet. Prospective buyers are encouraged to perform their own due diligence regarding property details and compliance.
The property is located at 130-134-136 Oliver Ave in Yonkers, New York (Westchester County). The seller notes potential for additional development, including the possibility of building a unit of 20+ families, subject to buyer verification of zoning and other requirements.
The listing shows a lot size of 0.09 acres and a property size of 1,900 square feet. Prospective buyers are encouraged to perform their own due diligence regarding property details and compliance.
Key Highlights
- Legal 3‑family home built in 1935
- Includes a two‑story single‑family home in the rear of the back lots
- On‑site storage plus 14 garages
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
$45,976
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
3.84%
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%
$919,520
$919.5K
Cap Rate 7%
$656,800
$656.8K
Cap Rate 9%
$510,844
$510.8K
Market Conditions
NOI Build-Up for 1,900 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
$71.8K $37.80/SF
− Vacancy
−$6.1K −$3.23/SF
EGI
$65.7K $34.57/SF
− OpEx
−$19.7K −$10.37/SF
NOI
$46.0K $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%
$919,520
Cap Rate 7%
$656,800
Cap Rate 9%
$510,844
Alternative Uses
Best Use
Multifamily LT 5
$656.8K
$574.7K – $766.3K
NOI $45,976 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$603.2K
$527.8K – $703.7K
NOI $42,222 @ 7.0% cap · market cap 3.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,500
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 - Package includes a legal three-family home, a two-story rear single-family home, and 14 garages, sold as-is.
Where is this triplex located?
The property is located at 130-134-136 Oliver Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Legal 3‑family home built in 1935; Includes a two‑story single‑family home in the rear of the back lots; On‑site storage plus 14 garages
