45 Linden St · Yonkers, NY 10701

$850,000

8 bd · 3.0 ba · 2,766 sqft · MultiFamily public records · 67 Days on market

Built 1906 Est $805k · 6% over

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.5/30.0
• DSCR +7.2/10.0
• 1% rule +5.9/10.0
• ARV discount +5.0/15.0
• Schools +4.1/10.0
• Rent growth +3.6/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

* * Exceptional Three-Family Investment Opportunity in Yonkers * * Welcome to 45 Linden St, Yonkers, NY 10701 — a versatile three-family property offering strong rental income potential in a highly active and commercial neighborhood, just minutes from the train station. This property features: * * * Unit 1: * * 3 bedrooms, 1 bath * * * Unit 2: * * 3 bedrooms, 1 bath * * * Unit 3: * * 2 bedrooms, 1 bath Each unit includes its own kitchen and living room, providing comfortable and functional layouts for tenants. The home will be delivered * * vacant * * , giving buyers full flexibility. However, if desired, the current reliable tenant—who is renting two

Key facts

• Strong rental income
• Built 1906
• Listed 67 days

Tags

• THREE FAMILY PROPERTY
• STRONG RENTAL INCOME
• ACTIVE COMMERCIAL NEIGHBORHOOD
• MINUTES FROM TRAIN STATION
• EACH UNIT INCLUDES KITCHEN
• EACH UNIT INCLUDES LIVING ROOM

What this means for you Summary

Snapshot

• This is a 3 × 3-bed/1.0-bath units multifamily listed at $850k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive. Per door: $479/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($9k rent vs $850k).
• Recommended offer: $799k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 5.3% in Yonkers — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#528 in NY) — a middle-class / working-renter tenant base. Strengths: employment A, commute B; Watch: amenities F, cost of living F.
• Yonkers City School District (suburban): math 41% / reading 54% proficiency, ranked #413 of 590 in NY (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.4%/yr); 183 active listings in the ZIP; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).
• At $9,254/mo this rent would consume 171% of the median local household income ($65k/yr) (locally 6045% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $26k of value loss. Plan a longer hold.
• Westchester County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($799k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 26y ago; this cycle's ask is 26462% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $250k; list at $850k implies a 240% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $799,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.09% ✓
• Cap rate: 8.32%
• Cash-on-cash: 7.24%
• DSCR: 1.32
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $804,906
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
198 Elm St	0.22mi	9/3.0 (+1)	2,772 (+0%)	19mo	$665,000	$240	69
156 Beech St	0.35mi	8/3.0	2,526 (-9%)	8mo	$825,000	$327	63
9 Van Buren St	0.45mi	9/3.0 (+1)	2,763 (-0%)	16mo	$655,000	$237	60
13 Cedar St	0.37mi	8/3.0	2,454 (-11%)	20mo	$715,000	$291	47
15 Lamartine Ave	0.72mi	8/4.0	2,900 (+5%)	20mo	$900,000	$310	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.39% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.86×
• Total profit: $-32,985
• Equity at exit: $126,738

10-year hold

• IRR: 7.6%
• Equity multiple: 1.61×
• Total profit: $145,045
• Equity at exit: $73,492

Cash invested: $238,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 5 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City Yonkers: 5 Strongly Tenant-Friendly · D+20

Westchester rent guidelines board.

Methodology + full state rankings →

ZIP-level market 10701

• Rents YoY: 4.4%
• Active inventory: 183
• Price-to-rent: 23.0×

Monthly cashflow live

• Estimated rent: $9,254 high
• Mortgage (P&I): −$4,457
• Tax est. 1.5%: −$1,062 /mo · $12,750/yr
• Insurance: −$354
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,943
• Net cashflow: $1,437

Break-even live

Break-even rent $7,436

Max offer price $850,000

Occupancy floor 79%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	3	1	$9,255
Total (3 units)			$9,254

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $212,500
• Closing costs: $25,500
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-04-30
   listed $3,200
2. 2026-01-28
   status Pending
3. 2025-11-22
   listed $850,000 Active
4. 2025-11-18
   historical $3,300
5. 2025-09-14
   price $3,300
6. 2025-08-22
   listed $3,800
7. 2022-10-01
   listed $699,000 Active
8. 2017-10-21
   historical
9. 2017-10-03
   price $445,000
10. 2017-06-27
    listed $495,000 Active
11. 2017-06-08
    soldstatus $250,000
12. 2005-08-03
    soldstatus $355,000
13. 2004-08-25
    soldstatus $257,500
14. 2001-06-06
    historical
15. 2000-12-06
    listed
16. 1999-08-05
    soldstatus $157,000
17. 1994-11-10
    soldstatus $165,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $111,048
• − Mortgage interest: −$47,613
• − Property taxes: −$12,750
• − Insurance: −$4,250
• − Repairs & maintenance: −$8,884
• − Management: −$8,884
• − Depreciation: −$24,727
• Taxable income: $3,940
• Est. tax owed @ 24.0%: −$946
• After-tax cash flow: $16,292/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Yonkers City School District
• NCES district ID: 3631920
• Math proficiency: 41% ▼ -1.00%
• Reading proficiency: 54% ▲ 14.00%
• Median HH income: $58,042
• Composite: 41.43/100
• National rank: #3471
• State rank: #413 of 590 in NY

Livability — Yonkers

• Score: 68/100
• State rank: #528
• US rank: #9394

Category grades

Amenities F Commute B Cost of living F Crime B- Employment A Housing B- Health & safety B- User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yonkers, NY
• County: Westchester County · 709,332 people
• City population: 212,407
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 70,676
• Household income: $64,776
• Rent vs Own: 73.3% rent · 26.7% own
• Severe rent burden: 6045.0

Population outlook (Westchester County) Hauer SSP2

• Today (2025): 1,028,035 people
• By 2030: 1,051,636 · +2.3%
• By 2040: 1,098,520 · +6.9%
• By 2050: 1,136,044 · +10.5%
• By 2075: 1,196,925 · +16.4%
• By 2100: 1,175,147 · +14.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Hispanic / Latino 52% White 21% Black 21% Two or more races 18% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 9% Dominican 19%
• Common ancestry: Romanian 1% Russian 1% Subsaharan African 1%
• Foreign-born: 35% · Canada, Jamaica, South Korea
• Languages at home: 45% English-only · Spanish 42% Other Indo-European 3% Arabic 2%

Political lean MEDSL · Westchester

• 2024 margin: Strong D (+26.3) · D 63.1% · R 36.9%
• 2008→2024 swing: -1.3pp toward R · 2008: 27.6pp · 2024: 26.3pp
• All cycles: 2024: D+26.3 2020: D+36.3 2016: D+32.8 2012: D+22.2 2008: D+27.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -373.14%
• Current HPI: 332.0999
• Rent YoY: ▲ 4.39%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-98.1% since first listed

17 events — show timeline

• 2026-04-30 Listed for Rent $3,200 ONEKEY
• 2026-01-28 Pending — OneKey® MLS as Distributed by MLS Grid
• 2025-11-22 Listed $850,000 OneKey® MLS as Distributed by MLS Grid
• 2025-11-18 Rental Removed $3,300 ONEKEY
• 2025-09-14 Price Changed $3,300 ONEKEY
• 2025-08-22 Listed for Rent $3,800 ONEKEY
• 2022-10-01 Listed $699,000 OneKey® MLS as Distributed by MLS Grid
• 2017-10-21 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2017-10-03 Price Changed $445,000 OneKey® MLS as Distributed by MLS Grid
• 2017-06-27 Listed $495,000 OneKey® MLS as Distributed by MLS Grid
• 2017-06-08 Sold (Public Records) $250,000 Public Records
• 2005-08-03 Sold (Public Records) $355,000 Public Records
• 2004-08-25 Sold (Public Records) $257,500 Public Records
• 2001-06-06 Delisted — HGMLS
• 2000-12-06 Listed — HGMLS
• 1999-08-05 Sold (Public Records) $157,000 Public Records
• 1994-11-10 Sold (Public Records) $165,000 Public Records

Property tax history

-22.5%/yr

Latest (2025): $1,586 · +0.7% YoY. Source: county tax records.