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Property profile & analytics
OFF-MARKET
Estimated value
$4,915,000
Office buildings
53 Broadway Yonkers, NY 10701-4038
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-3679576
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Total area
48,812 SF
Lot
0.2 ac (8,712 SF)
Zoning code
D-MX
APN
551800 1.-499-29
UPID
US63-3679576
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
-
Popeyes Louisiana Kitchen Restaurant
-
Burger King Restaurant
-
Westchester County Mental Health Medical Clinic
-
Darette Mills, LCSW Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.92M
Owner & transaction history
Gm 53 South Boardway LLC · 8 yrs held
Gm 53 South Boardway LLC
since 2017
6 recorded transactions
Zoning & alternative use
D-MX · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$101 / 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
$92,438
Tax year 2020
Assessed value
$87,130
Assessed 2023
Previous assessed
$87,130
+0.0% YoY
Effective rate
106.09%
On assessed value
Assessed land
$26,600
Assessed improvement
$60,530
Land market value
$1,486,034
Improvement market value
$3,381,564
Total market value
$4,867,598
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Heating
NONE
Buildings
1
Stories
6
Total area
48,812 SF
Lot
0.2 ac (8,712 SF)
Zoning code
D-MX
APN
551800 1.-499-29
UPID
US63-3679576
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.
Building & site characteristics
From public records
Year built
1915
Heating
NONE
Stories
6
Buildings
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Gm 53 South Boardway LLC
Entity
Mailing address
33 S BROADWAY, YONKERS, NY 10701-3771
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2017
$5,500,000
Gm 53 South Boardway LLC
Spruce Spires Associates LLC
Grant Deed
—
Jul 27, 2016
—
Spruce Spires Associates LLC
—
Deed
related
$337,500 · Signature Bank
Mar 28, 2000
—
Spruce Spires Associates LP
29-46 Northern Blvd Realty LLC
Grant Deed
related
—
—
—
Spruce Spires Associates LLC
—
Loan Modification
related
$3,000,000 · Alma Bk
—
—
Spruce Spires Associates LLC
—
Loan Modification
related
$3,000,000 · Signature Bk
—
—
Spruce Spires Associates LLC
—
Deed Of Trust
related
$4,500,000 · Independence Community 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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