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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Warehouses
197 Broadway, Yonkers, NY 10705-7300
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-1797299
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Epic Party Rentals of Yonkers Party Supply Store Rental Equipment Company
-
New Life Social Adult Day Care Center Adult Day Care
-
Lumarjo Holdings LLC Financial Advisor
-
Runge Moving & Storage Moving Company Storage Facility
-
Padrito Mechanic Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Mh Broad Ventures LLC · 5 yrs held
Mh Broad Ventures LLC
since 2021
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
SB · Yonkers, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,220,000
ML approach
$1,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.06M (Jan 20 2021)
Last sale anchor
$1.06M
Jan 20 2021
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
$113 / 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
$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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
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, NY
Zoning SB · permitted uses
SB · 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.
Building & site characteristics
From public records
Heating
NONE
Stories
3
Buildings
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Mh Broad Ventures LLC
Entity
Free & Clear · 5 yrs held
Mailing address
440 AVE P P, BROOKLYN, NY 11223-1935
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
—
Mh Broad Ventures LLC
—
Deed
related
$817,500 · Carver Fsb
Jan 20, 2021
$1,060,000
Mh Broad Ventures LLC
197 Broadway LLC
Bargain And Sale Deed
—
Jan 12, 2015
$425,000
197 Broadway LLC
Runge,wilhelm L II
Grant Deed
$325,000 · Wilhelm L II Range
—
—
Lynn I Runge
—
Deed Of Trust
related
$275,000 · United Real Estate LLC
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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