15 Halley St · Yonkers, NY 10704

$899,000

3 bd · 2.0 ba · 1,530 sqft · MultiFamily public records · 43 Days on market

Built 1956 4,792 sqft lot $588/sqft · 23% below area Est $1705k · 47% under

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• 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 MLS

Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location.

Key facts

• 4,792 sq ft lot
• Garage
• Built 1956

Property features AI

Exterior

• Parking: Driveway; Garage; Two total parking spaces (including 1 garage space)
• Utilities: Electricity connected (Con-Edison); Public water connected; Public sewer; Trash collection (public)
• Home design: Triplex; Updated/remodeled condition
• Construction: Aluminum siding, brick and frame construction
• Exterior features: Back yard; Front yard; Landscaped yard; Patio; Near public transit; Near shops; Near school; Not waterfront

Interior

• Kitchen: Eat-in kitchen; Granite counters
• Bedrooms: Two 1-bedroom units; One 2-bedroom unit
• Flooring: Hardwood floors
• Bathrooms: Three full bathrooms
• Heating & cooling: Hot water heating (oil); Wall/window air conditioning units
• Interior features: Eat-in kitchen; Entrance foyer; Granite counters; Storage; Patio
• Laundry & utility: Laundry in basement; Full basement; Partial attic with storage

What this means for you Summary

Snapshot

• This is a 3 × 4-bed/3.0-bath units multifamily listed at $899k.

Deal economics

• At list price, monthly cash flow is $6k ($71k/yr) — positive. Per door: $2k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($14k rent vs $899k).
• Recommended offer: $872k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.2% 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.
• Zoned schools: Yonkers Early Childhood Academy (327 students, 72% FRL); Yonkers Middle School (math 17% / reading 37%, grade F, #587 of 729 statewide, top 81%, 601 students, 88% FRL); Yonkers High School (math 92% / reading 88%, grade A+, #238 of 1,100 statewide, top 23%, 1,060 students, 76% FRL) — zoned schools average 79% FRL vs 64% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+21.0%/yr); 165 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 954 units permitted in Westchester County in 2024 (649 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $6k of loan paydown is wiped out by about $27k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $252k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($872k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $50k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $421k; list at $899k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $872,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% 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 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.58% ✓
• Cap rate: 14.23%
• Cash-on-cash: 28.35%
• DSCR: 2.26
• GRM: 5.3

CMA / ARV

• ARV (median comp): $1,704,565
• List price: $899,000
• Delta: -47.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1121 Mile Square Rd	0.06mi	2/2.0 (-1)	1,561 (+2%)	10mo	$560,000	$359	80
218 N High St	0.41mi	3/2.0	1,548 (+1%)	11mo	$600,000	$388	70
329 N 7th Ave	0.51mi	4/2.0 (+1)	1,527 (-0%)	5mo	$630,000	$413	66
250 N Terrace Ave	0.36mi	3/2.0	1,570 (+3%)	23mo	$550,000	$350	60
49 - 51 Ridgewood Ave	0.50mi	4/2.0 (+1)	1,674 (+9%)	3mo	$650,000	$388	54
139 Page Ave	0.68mi	3/2.0	1,488 (-3%)	14mo	$758,000	$509	52
37 S Bleeker St	0.68mi	3/2.0	1,400 (-8%)	3mo	$470,000	$336	52
4 aka 10 Nolan Ave	0.38mi	4/2.0 (+1)	1,440 (-6%)	22mo	$780,000	$542	49
138 N 7th Ave	0.58mi	2/1.0 (-1)	1,540 (+1%)	21mo	$450,000	$292	46
164 Edgewood Ave	0.30mi	4/2.0 (+1)	1,700 (+11%)	22mo	$800,000	$471	44
25 Abner Pl	0.67mi	3/2.5	1,449 (-5%)	20mo	$625,000	$431	42

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 27.7%
• Equity multiple: 2.22×
• Total profit: $308,038
• Equity at exit: $134,044

10-year hold

• IRR: 37.9%
• Equity multiple: 5.36×
• Total profit: $1,097,233
• Equity at exit: $77,729

Cash invested: $251,720 (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 10704

• Rents YoY: 21.0%
• Active inventory: 165
• Price-to-rent: 15.8×

Monthly cashflow live

• Estimated rent: $14,246 medium
• Mortgage (P&I): −$4,714
• Tax from tax record: −$218 /mo · $2,619/yr
• Insurance: −$375
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,992
• Net cashflow: $5,947

Break-even live

Break-even rent $6,718

Max offer price $899,000

Occupancy floor 53%

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

Units	Beds	Baths	Est. rent
▸ 3× units	4	3	$14,247
Total (3 units)			$14,246

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: $224,750
• Closing costs: $26,970
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
155 Vernon Ave Yonkers, NY	2.0	1.0	2226	$2,700	$1.21	44d	1	0.14mi
495 Kimball Ave Unit First Floor Yonkers, NY	2.0	1.0	1100	$3,000	$2.73	44d	1	0.32mi
305 N Terrace Ave Mount Vernon, NY	2.0	1.0	1800	$3,200	$1.78	24d	1	0.39mi
184 Trenchard St Yonkers, NY	2.0	1.0	1876	$2,550	$1.36	44d	1	0.47mi
6 Belden Ave Unit 1 Yonkers, NY	3.0	2.0	1450	$3,500	$2.41	24d	1	0.50mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	1014	$6,204	$6.12	24d	15	0.77mi
42 Broad St W Mount Vernon, NY	3.0	1.0–2.0	955	$3,558	$3.73	2d	16	0.77mi
65 Hunts Bridge Rd Yonkers, NY	3.0	1.0	1600	$3,500	$2.19	14d	1	0.79mi
173 Crary Ave Mount Vernon, NY	3.0	2.0	1100	$3,100	$2.82	24d	1	0.80mi
14 Chamberlain Ave Unit 1 Yonkers, NY	2.0	2.0	1150	$4,200	$3.65	10d	1	0.93mi
26 W Devonia Ave Unit 1 Mt Vernon, NY	3.0	1.5	1388	$4,200	$3.03	11d	1	1.00mi
36 Dunwoodie St Unit 1 Yonkers, NY	3.0	1.0	1300	$3,500	$2.69	44d	1	1.10mi
70 Elm Ave Unit Right Mt Vernon, NY	3.0	2.5	1800	$4,000	$2.22	4d	1	1.14mi
116 Alexander Ave Yonkers, NY	2.0	2.0	1200	$3,250	$2.71	24d	1	1.15mi
173 Washington St Unit 2 Mt Vernon, NY	3.0	2.0	1500	$3,200	$2.13	1d	1	1.26mi
173 Washington St Unit 1 Mt Vernon, NY	3.0	2.0	1100	$3,000	$2.73	24d	1	1.26mi
356 S Tenth Ave Unit 2nd Floor Mt Vernon, NY	3.0	2.0	1100	$3,850	$3.50	24d	1	1.43mi
421 S 10th Ave Mount Vernon, NY	3.0	1.0	1200	$3,500	$2.92	24d	1	1.49mi

Listing history 23 events

1. 2026-06-18
   days on market $899,000 Active 43 DOM
2. 2026-06-17
   days on market $899,000 Active 42 DOM
3. 2026-06-16
   days on market $899,000 Active 41 DOM
4. 2026-06-15
   days on market $899,000 Active 40 DOM
5. 2026-06-13
   days on market $899,000 Active 38 DOM
6. 2026-06-09
   days on market $899,000 Active 34 DOM
7. 2026-06-08
   days on market $899,000 Active 33 DOM
8. 2026-06-07
   pricedays on market $899,000 Active 32 DOM
9. 2026-06-04
   days on market $949,000 Active 29 DOM
10. 2026-06-03
    days on market $949,000 Active 28 DOM
11. 2026-06-02
    days on market $949,000 Active 27 DOM
12. 2026-06-01
    days on market $949,000 Active 26 DOM
13. 2026-05-31
    days on market $949,000 Active 25 DOM
14. 2026-05-06
    listed $949,000 Active 1145-char remark
15. 2016-05-26
    soldstatus $421,000
16. 2016-05-21
    soldstatus $421,000 Sold 499-char remark

    Show marketing remark (499 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location.

17. 2016-05-21
    price $399,900 499-char remark

    Show marketing remark (499 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location.

18. 2016-05-20
    soldstatus $421,000

    Show marketing remark (584 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location. Additional Information: HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,

19. 2016-02-24
    historical Pending 499-char remark

    Show marketing remark (499 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location.

20. 2016-02-24
    price $421,000 499-char remark

    Show marketing remark (499 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location.

21. 2016-01-21
    listed $399,900 Active 499-char remark

    Show marketing remark (584 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location. Additional Information: HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,

22. 2016-01-21
    listed $399,900

    Show marketing remark (584 chars)

    Great opportunity to own a 3 family home with huge potential and solid rental income. Quiet street close to shopping, transportation and local amenities. Basement unit, 2 bedroom main/owner unit, and upstairs apartment, all with separate entrances, separate electricity and gas. One furnace. Lots of upside and a chance to own and have the rent help pay the mortgage. Awaits your touches and improvements. Qualifies for first time home buyer financing. A very solid house with a convenient location. Additional Information: HeatingFuel:Oil Below Ground,ParkingFeatures:1 Car Attached,

23. 2015-11-10
    soldstatus $275,000

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

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $2,619 · $218/mo
• Projected year-2 tax: $8,906 · $742/mo
• Expected delta: +$6,287/yr (+$524/mo · 240.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $170,952
• − Mortgage interest: −$50,358
• − Property taxes: −$2,619
• − Insurance: −$4,495
• − Repairs & maintenance: −$13,676
• − Management: −$13,676
• − Depreciation: −$26,153
• Taxable income: $59,975
• Est. tax owed @ 24.0%: −$14,394
• After-tax cash flow: $56,970/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): 31,921
• Household income: $106,786
• Rent vs Own: 39.1% rent · 60.9% own
• Severe rent burden: 1078.0

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 0.64)
• Race & ethnicity: White 50% Hispanic / Latino 32% Two or more races 15% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 11% Cuban 2% Dominican 9%
• Common ancestry: Romanian 2% Subsaharan African 2% Scotch-Irish 2%
• Foreign-born: 32% · Canada, Jamaica, China
• Languages at home: 54% English-only · Spanish 25% Other Indo-European 13% Russian/Polish/Slavic 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: ▼ -466.66%
• Current HPI: 293.4414
• Rent YoY: ▲ 21.03%
• 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

+226.9% since first listed

11 events — show timeline

• 2026-06-04 Price Changed $899,000 OneKey® MLS as Distributed by MLS Grid
• 2026-05-06 Listed $949,000 OneKey® MLS as Distributed by MLS Grid
• 2016-05-26 Sold (Public Records) $421,000 Public Records
• 2016-05-21 Price Changed $399,900 HGMLS
• 2016-05-21 Sold (MLS) $421,000 HGMLS
• 2016-05-20 Sold (MLS) $421,000 OneKey® MLS as Distributed by MLS Grid
• 2016-02-24 Contingent — HGMLS
• 2016-02-24 Price Changed $421,000 HGMLS
• 2016-01-21 Listed $399,900 HGMLS
• 2016-01-21 Listed $399,900 OneKey® MLS as Distributed by MLS Grid
• 2015-11-10 Sold (Public Records) $275,000 Public Records

Property tax history

-24.9%/yr

Latest (2025): $2,619 · +0.5% YoY. Source: county tax records.