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197 S Broadway Yonkers Ny, Yonkers, NY 10701
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Property summary
AI-generated overview
This vacant warehouse at 197 S Broadway, Yonkers, NY 10705, presents a compelling owner-user opportunity. Priced at $2,300,000 ($209/SF), this three-story, Class C industrial building offers 11,000 square feet of space. Built in 1920, the property sits on a 0.08-acre lot and is zoned for light industrial use. The building features a 21-foot ceiling height and is column-free, maximizing usable space. Three loading docks provide efficient loading and unloading capabilities: two on the first floor and one on the third. The first floor also includes a 500 square foot mezzanine. Access to the second floor is via a public stairway. Additional parking is available on Astor Place. Annual property taxes are $1200, and annual expenses are $3500. Each floor comprises approximately 3,500 square feet. The property's location in Yonkers, Westchester County, offers excellent distribution potential. The APN is 1800-001-0015. This is a brick building with significant potential for a variety of industrial uses.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
10,707 SF
Lot
0.08 ac (3,485 SF)
Zoning code
SB
APN
551800 1.-187-15
UPID
US63-1797299
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Party Supply Store Rental Equipment Company
-
Adult Day Care
-
Financial Advisor
-
Moving Company Storage Facility
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
since 2021
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
SB · Yonkers, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.22M
Value range
$1.10M – $1.34M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
High
13 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$1.10M
blend $1.22M
$1.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,707 SF
Lot area
0.08 ac
Stories
3
APN
551800 1.-187-15
Zoning
SB
Assessed value
$13,000
Annual tax
$14,759
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$14,759
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.72M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 8,082 SF
7.0 mi away · 8,750 SF
7.9 mi away · 8,250 SF
9.7 mi away · 11,100 SF
12.7 mi away · 12,500 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.22M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 22 sales
$303
-62%
County 72 sales
$363
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $114/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.76%
Selected cap rate for this warehouses
Derived from the Yonkers market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.76%
9.0%
NOI (est.)
$156k *
Last sale · Jan 2021
$1.06M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.30M
Move the market yield to see immediate price impact.
Value / SF
$215
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.26%6.76%7.26%
$140k
$2.24M
$2.07M
$1.93M
$156k
$2.49M
$2.30M
$2.14M
$171k
$2.73M
$2.53M
$2.36M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$2.40M
4.8 mi · Jan 2026 · $189/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$14,759
Tax year 2020
Assessed value
$13,000
Assessed 2023
Previous assessed
$13,000
+0.0% YoY
Effective rate
113.53%
On assessed value
Assessed land
$10,300
Assessed improvement
$2,700
Land market value
$575,419
Improvement market value
$150,838
Total market value
$726,257
Applied tax rate
551,800.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Heating
NONE
Buildings
1
Stories
3
Total area
10,707 SF
Lot
0.08 ac (3,485 SF)
Zoning code
SB
APN
551800 1.-187-15
UPID
US63-1797299
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
SB · Yonkers, NYZoning SB · permitted uses
SB · Yonkers, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Stories
3
Buildings
1
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SB
Jurisdiction
Yonkers, NY
Recorded code
SB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SB in Yonkers, NY.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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