20
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4 Gerri Lane
About This Property
Located in desirable Northwest Yonkers, this attached 3-bedroom, 1.5-bath home is brimming with potential. The property is in need of significant work, making it an ideal project for contractors, investors, or buyers looking to customize their next home. The layout includes three bedrooms upstairs, a spacious living area, and a convenient half bath on the main level. A backyard and off-street parking add extra value. Close to schools, shopping, and transportation, this home offers an opportunity to create equity in a sought-after neighborhood. Being sold as-is.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2026 | Sold | ||
| Sold | |||
| Nov 19, 2025 | In contract | - | |
| In contract | |||
| Sep 29, 2025 | Listed by Howard Hanna Rand Realty | $450,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017