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Property profile & analytics
OFF-MARKET
Estimated value
$5,365,000
Race tracks
810 Yonkers Ave, Yonkers, NY 10704-2030
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-3443515
Property profile
Verified
Property type
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Total area
210,000 SF
Lot
96.52 ac (4,204,411 SF)
Zoning code
IP
APN
551800 6.-6125-1
UPID
US63-3443515
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
-
Delta Electric Inc Electrical Service General Contractor
-
Yonkers Raceway Racecourse Casino
-
Empire City Events Hotel & Motel Resort
-
Empire City Chophouse Restaurant
-
Empire City Casino Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.37M
Owner & transaction history
Mgm Yonkers INC · 7 yrs held
Mgm Yonkers INC
since 2019
7 recorded transactions
Zoning & alternative use
IP · 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
$26 / 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
$194,588
Tax year 2020
Assessed value
$5,900,000
Assessed 2023
Previous assessed
$5,900,000
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$1,729,800
Assessed improvement
$4,170,200
Land market value
$96,636,872
Improvement market value
$232,972,067
Total market value
$329,608,939
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
Race tracks
Use group
RACE TRACK (AUTO, DOG, HORSE)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
210,000 SF
Lot
96.52 ac (4,204,411 SF)
Zoning code
IP
APN
551800 6.-6125-1
UPID
US63-3443515
Jurisdiction
WESTCHESTER
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
IP · Yonkers, NY
Zoning IP · permitted uses
IP · 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
Buildings
1
Lot
96.52 ac
Current owner
From public records · entity-resolved
Mgm Yonkers INC
Entity
Mailing address
810 YONKERS AVE, YONKERS, NY 10704-2030
Mailing matches property
Yes
Owner-occupied
Yes
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2019
$11,900,000
Mgm Yonkers INC
Yrl Associates LP
Grant Deed
$270,000,000 · Jp Morgan Chase Bk
Feb 4, 2019
$530,000,000
Mgp Yonkers Realty Sub LLC
Mgm Yonkers INC
Grant Deed
—
Jun 23, 2017
—
Yonkers Racing Corp
—
Grant Deed
related
$270,000,000 · Jp Morgan Chase Bk
Oct 9, 2013
—
Yrl Assocs LP
—
Grant Deed
related
$70,000,000 · Wilmington Tr
Jul 1, 2011
—
Yonkers Racing Corp
—
Deed Of Trust
related
$302,500,000 · Us Bank NA
Sep 8, 2009
—
Yonkers Racing Corp
—
Deed Of Trust
related
$10,000,000 · Hudson Valley Bank
Apr 23, 2007
—
Yrl Associates
—
Deed Of Trust
related
$55,000,000 · Merrill Lynch Capital
Oct 4, 2005
—
Yrl Associates
—
Deed Of Trust
related
$143,870,500 · Merrill Lynch Capital
—
—
City Of Yonkers Industrial Dev Ag
—
Loan Modification
related
$735,987 · City Of Yonkers Industrial Dev
—
—
City Of Yonkers Indl Dev Agcy
—
Loan Modification
related
$2,500,000 · Miscellaneous Govt Agcy
—
—
City Of Yonkers Indl Dev Agcy
—
Deed Of Trust
related
—
—
—
Yrl Associates
—
Deed Of Trust
related
$30,000,000 · Manufacturers Traders & Trust
—
—
Yrl Associates
—
Deed Of Trust
related
$5,000,000 · Manufacturers Traders & Trust
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.
Try Rey
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