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Yonkers, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Yonkers, New York Market population: 197K. Browse multifamily, office, retail, industrial, and mixed-use investment...

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📊 Average Cap Rate For Yonkers NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Yonkers NY Properties: 1.8200%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Yonkers NY

Common questions from investors exploring commercial real estate in Yonkers NY.

What's the overall investment outlook for Yonkers, NY, considering its demographics and economy? +
The city's median household income of $59,195, combined with a poverty rate of 15.1% and a high health insurance coverage of 90.8%, suggests a relatively stable market with a mix of working-class and more affluent residents. The top industries, including Information and Public Administration, contribute to a diverse economy, while the median property value of $405,700 indicates a potentially strong rental market. Additionally, the city's ethnic diversity, with a mix of White, Hispanic, and White Non-Hispanic populations, can support a vibrant and resilient community.
How does the commute time and transportation infrastructure impact the quality of life for residents and potential tenants? +
The average commute time of 32.6 minutes in Yonkers, with a mix of drove alone, public transit, and worked at home options, indicates a relatively manageable commute. This, combined with the high health insurance coverage of 90.8% and a median age of 37.6, suggests a population with access to employment opportunities and a decent quality of life. The presence of public transit as a top commute method also supports the potential for a stable and attractive rental market.
What are the implications of the city's income inequality and poverty rate for real estate investors? +
The poverty rate of 15.1% and a GINI coefficient of 0.462 in Yonkers indicate a level of income inequality, which can impact the rental market and property values. However, the median household income of $59,195 and the high health insurance coverage of 90.8% suggest a working-class market with some employment stability. Investors should consider targeting properties that cater to this demographic, such as affordable housing or rentals with amenities that appeal to working-class families.
How does the ethnic diversity and industry mix in Yonkers influence the demand for housing and rentals? +
The city's ethnic diversity, with a mix of White, Hispanic, and White Non-Hispanic populations, contributes to a vibrant and resilient community, which can support a strong demand for housing and rentals. The top industries, including Information and Public Administration, also attract a diverse workforce, which can drive demand for rentals and properties. Additionally, the median property value of $405,700 and median property taxes of $34,523 indicate a relatively stable and attractive housing market.
What are the key factors to consider when evaluating the potential for long-term appreciation in Yonkers' real estate market? +
When evaluating the potential for long-term appreciation, investors should consider the city's median property value of $405,700, median property taxes of $34,523, and homeownership rate of 47.3%. The relatively high health insurance coverage of 90.8% and manageable average commute time of 32.6 minutes also contribute to a stable and attractive market. Furthermore, the diverse economy, with top industries including Information and Public Administration, and the city's ethnic diversity can support a strong and resilient real estate market with potential for long-term appreciation.

Yonkers NY Real Estate & City Facts

Key facts and real estate information about Yonkers NY.

What are some of the best neighborhoods to live in Yonkers? +
Some of the best neighborhoods to live in Yonkers include Park Hill, Northwest Yonkers, Dunwoodie, Eastchester, Palmer - Mile Square, and Colonial Heights. These neighborhoods offer a range of housing options, from single-family homes to apartments, and are known for their safety, good schools, and convenient access to amenities and transportation.
What are some fun things to do in Yonkers? +
There are plenty of fun things to do in Yonkers, including visiting Untermyer Gardens, the Hudson River Museum, and the Empire City Casino. You can also explore the city's many parks, such as Dunwoodie Golf Course, or take a stroll along the Hudson River waterfront. If you're looking for something more adventurous, you can check out the Legoland Discovery Center Westchester or go bowling or mini golf.
What is the food scene like in Yonkers? +
The food scene in Yonkers is diverse and vibrant, with a range of restaurants serving everything from Italian and Mexican cuisine to steak and seafood. Some popular restaurants include Rory Dolan's, Gianna's, La Lanterna Restaurant & Beer Garden, and Texas de Brazil - Yonkers. There are also plenty of great food trucks and casual eateries serving up delicious burgers, tacos, and other street food favorites.
What are the pros and cons of living in Yonkers? +
The pros of living in Yonkers include its convenient location, with easy access to New York City and other parts of Westchester County. The city also has a diverse range of neighborhoods, a vibrant food scene, and plenty of things to do and see. However, some cons include the high cost of living, traffic and parking challenges, and limited job opportunities in certain industries. Overall, Yonkers is a great place to live for those who want to be close to the city but also have a more suburban lifestyle.
Is Yonkers a good place to live? +
Yonkers can be a great place to live, depending on your individual needs and preferences. The city has a lot to offer, from its diverse neighborhoods and food scene to its many parks and cultural attractions. However, it's also important to consider the potential downsides, such as the high cost of living and traffic challenges. Overall, Yonkers is a good choice for those who want to be close to New York City but also have a more suburban lifestyle, and are looking for a diverse and vibrant community with plenty of things to do and see.
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