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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Investment properties
18 Main St Yonkers, NY 10701-2712
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1005703
Property summary
AI-generated overview
This exceptional redevelopment opportunity presents three buildings totaling 8,571 square feet situated on three separate tax parcels at the high-traffic intersection of Main Street and Warburton Avenue in Yonkers, NY. The property boasts a prominent location diagonally across from a large new residential development (358,000 square feet, 489 apartments, 31,000 square feet of retail). Enjoy captivating Hudson River views, and proximity to Yonkers City Hall and Saint Joseph's Medical Center. The site benefits from its high visibility and pedestrian traffic, as well as convenient access to the Buena Vista parking garage (24/7 parking and security). Commuters will appreciate the nearby Yonkers Metro Station, providing access to the Hudson Metro North Line and Amtrak, with a 30-minute train ride to Grand Central Terminal. The property is zoned DMX, allowing for a substantial buildable area of 85,710 square feet with a 100-foot height as of right. This mixed-use investment presents significant potential for redevelopment in a vibrant and convenient location. The property is currently offered without an asking price, and offers are being accepted.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1900
Total area
3,741 SF
Lot
0.08 ac (3,485 SF)
Zoning code
D-MX
APN
551800 1.-500-5
UPID
US63-1005703
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
All American Homecare Agency Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.05M
Owner & transaction history
L & R Realty Of Yonkers LLC · 7 yrs held
L & R Realty Of Yonkers LLC
since 2019
7 recorded transactions
Zoning & alternative use
D-MX · Yonkers, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+42.8%
Warehouse, storage
$1.1M
+23.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Yonkers submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yonkers submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,180,000
6.5%
$1,090,000
7%
$1,010,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$920,000
Current use
OFFICE BUILDING
$1,315,000
Change: +43% · Conversion: Easy
WAREHOUSE, STORAGE
$1,135,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$281 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$21,399
Tax year 2020
Assessed value
$19,600
Assessed 2023
Previous assessed
$19,600
+0.0% YoY
Effective rate
109.18%
On assessed value
Assessed land
$15,000
Assessed improvement
$4,600
Land market value
$837,989
Improvement market value
$256,983
Total market value
$1,094,972
Applied tax rate
551,800.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
1
Total area
3,741 SF
Lot
0.08 ac (3,485 SF)
Zoning code
D-MX
APN
551800 1.-500-5
UPID
US63-1005703
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
D-MX · Yonkers, NY
Zoning D-MX · permitted uses
D-MX · Yonkers, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yonkers. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$920,000
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Buildings
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
L & R Realty Of Yonkers LLC
Entity
Mailing address
3296 POLO PL, BRONX, NY 10465-1310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
—
L & R Realty Of Yonkers LLC
—
Loan Modification
related
$1,950,000 · Spencer Svgs Bk
—
—
L & R Realty Of Yonkers LLC
—
Deed Of Trust
related
$370,687 · Spencer Svgs Bk
—
—
L & R Realty Of Yonkers LLC
—
Deed Of Trust
related
$30,000 · Meryl Zegarek
—
—
L & R Realty Of Yonkers LLC
—
Deed Of Trust
related
$1,050,263 · Banco Popular NA
—
—
L & R Realty Of Yonkers LLC
—
Loan Modification
related
$1,850,000 · Spencer Savings Bank Sla
—
—
L & R Realty Of Yonkers LLC
—
Deed Of Trust
related
$165,297 · Spencer Savings Bank Sla
—
—
L & R Realty Of Yonkers LLC
—
Deed Of Trust
related
$100,000 · Union State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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