Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    161 Saw Mill River Rd Yonkers, NY 10701
    Back to Search
    Property profile & analytics

    161 Saw Mill River Rd, Yonkers, NY 10701

    View on Map
    • Distribution centers
    • 15,122 SF
    • 0.62 lot acres
    For Sale
    $3,295,000
    View Listing →
    Versatile Industrial and Office Spaces For Sale
    $3,295,000
    15,470 SF

    Versatile Industrial and Office Spaces

    Multi-tenant industrial and office building with flexible spaces for sale.

    161 Saw Mill River Road, Yonkers, NY 10701
    View Listing
    Property ID
    US63-1859801
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elite H. Renovation, Llc / Construction Company / Renovation Specialist
    • Metro Glass Corp / General Contractor

    Property Details for 161 Saw Mill River Rd

    Year built
    1965
    Lot size
    0.62 lot acres
    Zone code
    I
    Property type
    Distribution centers
    APN
    551800 2.-2183-58
    APU
    5518002218358

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 15, 2026 $1,000 Tloa Mortgage LLC Jerrice Epps Deed —
    Aug 17, 2017 — Brickey Valley Realty INC — Deed · related $800k · Habib American Bank
    Dec 30, 2016 — Brickey Valley Realty INC — Deed · related $275k · Jwc Cap LLC
    Sep 19, 2016 — Brickey Valley Realty INC — Deed · related $1.4M · Other Institutional Lenders
    Mar 20, 2007 $1,255,000 Brickey Valley Realty INC Dbag INC Grant Deed $941k · Signature Bank
    Jul 20, 2001 $318,000 G INC Spray,tr Grant Deed —
    — — Brickey Valley Realty INC — Deed Of Trust · related $275k · Jwc Cap LLC
    — — Brickey Valley Realty Corp — Deed Of Trust · related $731k · Tbg Funding LLC Tbg Funding LLC
    — — Brickey Valley Realty INC — Loan Modification · related $1.4M · Other Institutional Lenders
    — — Bricke Y Valley Realty INC — Loan Modification · related $2.2M · Habib American Bk
    — — Brickey Valley Reality INC — Loan Modification · related $2.2M · Habib American Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8821
    Latitude
    40.9433
    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
    $20,999
    $17,300
    $2,700
    $20,000
    -
    $966,480
    $150,838
    $1,117,318

    Comparable in this City

    • Value Estimation
      $1,540,000
      11,792 SF

      252nd Lk Ave

      DISTRIBUTION WAREHOUSE
      252nd Lk Ave, Yonkers, NY 10701-5706
      View Details
    • Value Estimation
      $1,135,000
      8,000 SF

      23 School St

      DISTRIBUTION WAREHOUSE
      23 School St, Yonkers, NY 10701
      View Details
    • Value Estimation
      $510,000
      1,860 SF

      46 School St

      DISTRIBUTION WAREHOUSE
      46 School St, Yonkers, NY 10701
      View Details
    • Value Estimation
      $4,495,000
      40,320 SF

      498 Nepperhan Ave

      DISTRIBUTION WAREHOUSE
      498 Nepperhan Ave, Yonkers, NY 10701-6604
      View Details
    • Value Estimation
      $2,485,000
      15,000 SF

      70 Saint Casimir Ave

      DISTRIBUTION WAREHOUSE
      70 Saint Casimir Ave, Yonkers, NY 10701-3304
      View Details
    • Value Estimation
      $2,690,000
      19,155 SF

      530 Nepperhan Ave

      DISTRIBUTION WAREHOUSE
      530 Nepperhan Ave, Yonkers, NY 10701-6659
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,000 SF

      Yonkers Distribution Property For Sale

      Two-story building with docks and parking in a high-traffic area.
      189 S Broadway Yonkers Ny 10705, Yonkers, NY 10701
      View Details
    • Contact for pricing
      37,035 SF

      Yonkers Warehouse Space Available

      37,035 square foot warehouse in Yonkers, New York.
      10 Saint Casimir Ave, Yonkers, NY 10701
      View Details
    • Contact for pricing
      4,500 SF

      Industrial Building with Ample Yard

      Two-story industrial building with loading docks and reinforced concrete floors.
      430 Nepperhan Ave, Yonkers, NY 10701
      View Details
    • $2,995,000
      15,470 SF

      Yonkers Commercial Property with Income

      Mixed-use property with multiple spaces and income potential.
      161 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • $3,295,000

      Versatile Industrial and Office Spaces

      Multi-tenant industrial and office building with flexible spaces for sale.
      161 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • $1,249,000

      Renovated Yonkers 4-Family Building

      Fully renovated, income-producing 4-family building with additional income streams.
      17 Chestnut St, Yonkers, NY 10701
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      950 SF

      Yonkers Loft: Industrial Space Available

      Trendy loft, 950 sq ft, prime Yonkers location.
      150 School St, Yonkers, NY 10701
      View Details
    • Contact for pricing
      5,800 SF

      Yonkers Industrial Space For Lease

      Industrial space for lease in the heart of Yonkers.
      201 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • Contact for pricing
      2,350 SF

      Renovated Warehouse/Flex Space Available

      2,350 SF renovated warehouse/flex space with drive-in door.
      484 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • Contact for pricing
      1,800 SF

      Yonkers Commercial Space For Rent

      Commercial space suitable for warehouse or light manufacturing, 2,400 sqft.
      78 N Broadway, Yonkers, NY 10701
      View Details
    • Contact for pricing
      6,000 SF

      Yonkers Flex/Industrial Space Available

      6,000 SF flex/industrial space for lease in Yonkers.
      361 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • Contact for pricing

      Yonkers Retail/Office/Warehouse Space

      12,500 SqFt retail, office, or warehouse space for rent.
      100 Corporate Blvd S, Yonkers, NY 10701
      View Details
    View Listing
    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.
    161 Saw Mill River Rd
    Yonkers, NY 10701
    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

    Thank You for Inquiry
    161 Saw Mill River Rd, Yonkers, NY, 10701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!