Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11 Romaine Ave Yonkers, NY 10705-2337

    • Investment properties
    • 9,465 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Jul 26, 2024
    $6,925,925
    Value Estimations
    $6,925,000
    Show details
    Cap Rate Potential
    2.6%
    Investment properties
    Location Intelligence
    Property ID
    US63-0928364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DaVita Getty Square Dialysis-ny / Dialysis Center

    Property Details for 11 Romaine Ave

    Year built
    2020
    Lot size
    0.35 lot acres
    Property size
    9,465 SF
    Zone code
    BR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    551800 1.-119-22
    APU
    551800111922

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,925,000
      ML approach
      $6,925,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,985,000
      AUTO REPAIR, GARAGE
      $4,725,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8959
    Latitude
    40.9184
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $32,063
    $18,500
    $23,400
    $41,900
    -
    $1,033,520
    $1,307,263
    $2,340,783

    Comparable in this City

    • Value Estimation
      $535,000
      11,955 SF

      26 Lawrence St

      OFFICE/RESIDENTIAL (MIXED USE) • 11,955 SF
      26 Lawrence St, Yonkers, NY 10705-3236
      View Details
    • Value Estimation
      $480,000
      7,169 SF

      251 Mclean Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,169 SF
      251 Mclean Ave, Yonkers, NY 10705-4492
      View Details
    • Value Estimation
      $605,000
      1,920 SF

      462 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,920 SF
      462 Broadway, Yonkers, NY 10705-2340
      View Details
    • Value Estimation
      $685,000
      3,534 SF

      364 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 3,534 SF
      364 Broadway, Yonkers, NY 10705-2049
      View Details
    • Value Estimation
      $605,000
      1,920 SF

      458 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,920 SF
      458 Broadway, Yonkers, NY 10705-2340
      View Details
    • Value Estimation
      $420,000
      1,090 SF

      127 Downing St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,090 SF
      127 Downing St, Yonkers, NY 10705
      View Details

    Similar Nearby for Sale

    • $1,399,000
      Pending

      Yonkers 10-Unit Multifamily Investment

      10-unit multifamily property in Yonkers with significant investment potential.
      70 Saratoga Ave, Yonkers, NY 10705
      View Details
    • $1,800,000
      8,214 SF

      Yonkers Mixed-Use Building For Sale

      Mixed-use building with retail, warehouse, and industrial potential.
      377 Mclean Ave, Yonkers, NY 10705
      View Details
    • $500,000
      12,429 SF

      Riverdale Ave Shopping Center

      Yonkers retail investment opportunity.
      400 Riverdale Ave, Yonkers, NY 10705
      View Details
    • $925,000

      Yonkers Mixed-Use Commercial Property

      Versatile mixed-use property in the heart of Yonkers.
      349 S Broadway, Yonkers, NY 10705
      View Details
    • $1,750,000
      0.06 Acres

      Mixed-Use Building in Yonkers

      Seven-unit building with apartments and retail space for sale.
      153 Mclean Ave, Yonkers, NY 10705
      View Details
    • $245,000

      Yonkers Multifamily Property for Sale

      Multifamily property in Yonkers available for purchase.
      101 Highland Ave, Yonkers, NY 10705
      View Details

    Similar Nearby for Lease

    • $17,000 /Mo
      18,000 SF

      Versatile Warehouse Near Ludlow Station

      18,500+ sq ft warehouse space for lease near Ludlow Train Station.
      158 Ludlow St, Yonkers, NY 10705
      View Details
    • $37,000

      Yonkers Warehouse Space Available

      25,000+/- SF warehouse space for rent in Yonkers.
      16 Harrison Ave, Yonkers, NY 10705
      View Details
    • $35 SF/Yr
      4,500 SF

      Yonkers Build-to-Suit Opportunity

      Prime Retail/Office Space Available
      371 Broadway, Yonkers, NY 10705
      View Details
    • Contact for pricing
      1,620 SF

      Yonkers Retail Space: Broadway Gem

      High-traffic retail space, 1620 sq ft.
      359 Broadway, Yonkers, NY 10705
      View Details
    • Contact for pricing
      1,750 SF

      Yonkers Retail Space For Rent

      Retail space available in Yonkers with high foot traffic.
      465-473 S Broadway, Yonkers, NY 10705
      View Details
    • $2,900 /Mo

      Historic Park Hill 2-Bedroom Apartment

      Luxurious 2-bedroom apartment in historic Park Hill neighborhood.
      57 Putnam Ave, Yonkers, NY 10705
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 Romaine Ave
    Yonkers, NY 10705-2337
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.