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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    73 Market St Yonkers, NY 10710

    • Office buildings
    • 222,894 SF
    • 2.55 lot acres
    For Lease
    View listing
    $84 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3754332
    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.

    Current Use by Public Records

    • Colombo Trading Group / Seafood Wholesaler
    • Pearson Professional Centers / Educational Testing Service
    • Gordon Law, P.C. - White Plains Immigration Attorney / Immigration Attorney / Law Firm
    • SERVPRO of Yonkers North / Air Duct Cleaning Service / Building Restoration Service
    • Brenda L. Sullivan, MD / Internist

    Property Details for 73 Market St

    Year built
    2012
    Lot size
    2.55 lot acres
    Property size
    222,894 SF
    Zone code
    PMD
    Property type
    Office buildings
    APN
    551800 4.-4066-1
    APU
    551800440661

    Description

    This Class A office building, located at 73 Market Street, 3rd Floor, Yonkers, NY 10710, offers 15,000 square feet of versatile workspace. Currently, 5,970 square feet are available in multiple suites, ranging from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet. The building boasts 350 total suites and underwent renovations in 2019. Amenities include elevators, providing convenient access throughout the three-story building. Situated in Westchester County, this property enjoys a prime location, offering easy access to major transportation arteries including the Sprain Brook Parkway and I-87, as well as public transportation via Bee-Line bus service. The building is part of the 1 Ridge Hill complex, a 1.3 million square foot development featuring retail, residential, and entertainment options, providing employees with convenient amenities within walking distance. This location offers unparalleled convenience for businesses seeking a modern and accessible workspace in the thriving Westchester County market. The property is ideal for businesses seeking executive office space, coworking solutions, or creative office environments. The building's professional atmosphere and convenient location make it an excellent choice for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $44,785,000
      6.5%
      $41,340,000
      7%
      $38,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $31,110,000
      Market price range: $8.94M - $43.3M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $67,560,000
      COMMERCIAL (GENERAL)
      $66,720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8567
    Latitude
    40.9629
    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
    $49,146
    $94,200
    $1,339,500
    $1,433,700
    -
    $5,262,570
    $74,832,402
    $80,094,972

    Comparable in this City

    • Value Estimation
      $685,000
      3,740 SF

      2 Plymouth Ave

      PROFESSIONAL BUILDING • 3,740 SF
      2 Plymouth Ave, Yonkers, NY 10710
      View Details
    • Value Estimation
      $1,280,000
      8,400 SF

      2422 Central Park Ave

      PROFESSIONAL BUILDING • 8,400 SF
      2422 Central Park Ave, Yonkers, NY 10710-1125
      View Details
    • Value Estimation
      $2,585,000
      2,180 SF

      2176 Central Park Ave

      PROFESSIONAL BUILDING • 2,180 SF
      2176 Central Park Ave, Yonkers, NY 10710-1826
      View Details
    • Value Estimation by Request
      2,561 SF

      1 Plymouth Ave

      PROFESSIONAL BUILDING • 2,561 SF
      1 Plymouth Ave, Yonkers, NY 10710
      View Details
    • Value Estimation
      $2,600,000
      10,200 SF

      598 Tuckahoe Rd

      OFFICE BUILDING • 10,200 SF
      598 Tuckahoe Rd, Yonkers, NY 10710-5713
      View Details
    • Value Estimation
      $510,000
      1,536 SF

      2116 Central Park Ave

      OFFICE BUILDING • 1,536 SF
      2116 Central Park Ave, Yonkers, NY 10710-1858
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      3,100 SF

      Medical Office Space Available

      Ground floor medical office with high visibility and ample parking.
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    • $12 SF/Yr
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      Yonkers Office Space Solutions

      Flexible workspace options in Westchester County.
      73 Market St, Yonkers, NY 10710
      View Details
    • $84 SF/Yr
      15,000 SF

      Prime Yonkers Office Space

      Modern Executive Suites, Coworking Available
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    • $40 SF/Yr
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      Yonkers Retail Space Available

      Retail space available for lease in Yonkers, New York.
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      Retail Space in Busy Center

      Retail storefronts available in highly trafficked shopping center.
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    73 Market St
    Yonkers, NY 10710
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    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
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