Downtown Yonkers

Yonkers, NY

Neighborhood Market Analysis

Q3 2025 Report
$215,000 (March 2025)
Median Home Price
Walker's Paradise (Walk Score: 90+)
Walkability Score
Public schools are average to above average; Yonkers High School is highly rated for IB program.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by the Hudson River to the west, Nepperhan Avenue to the east, Ashburton Avenue to the north, and Prospect Street/City Hall area to the south.

Zip Codes

10701

Market Data Summary

Price Range$150,000 - $400,000 (primarily condos, co-ops, and some townhomes)
Price per Sq Ft$246 (up 52.8% YoY as of March 2025)
Inventory LevelsExtremely low in Downtown (1 sale in March 2025); modestly increasing citywide.

Property Characteristics

Home Types & Architecture

Home Types

CondosCo-opsTownhomesSome mixed-use buildings

Architectural Styles

Pre-war brick mid-risesConverted industrial loftsModern high-rise condos

Property Details

Typical Lot SizesMostly multi-family and mixed-use; limited private lot space.
Home Age RangeEarly 1900s to present (many pre-war, some new construction since 2010)
Construction QualityVaries—historic buildings often well-built but may need updates; new developments offer modern amenities.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, artists, long-term residents, and recent immigrants. Median age is lower than Yonkers overall.

Community Vibe

Urban, artsy, revitalizing; strong sense of local pride and cultural events.

Typical Residents

  • Young professionals
  • Artists/creatives
  • Commuters to NYC
  • Long-term residents

Family Friendly

Moderate—more singles and couples, but some families attracted by affordability and transit.

Amenities & Lifestyle

Parks & Recreation

  • Van der Donck Park
  • Hudson River waterfront promenade
  • Science Barge

Dining Options

  • Waterfront restaurants
  • Ethnic eateries
  • Trendy cafes

Shopping Centers

  • Ridge Hill (short drive)
  • Local boutiques
  • Nearby supermarkets

Local Businesses

  • Coffee shops
  • Boutique retail
  • Art galleries
  • Fitness studios

Education & Schools

Public schools are average to above average; Yonkers High School is highly rated for IB program.
Overall School Rating

Elementary Schools

  • School 9
  • Cesar E. Chavez School

Middle Schools

  • Yonkers Middle School

High Schools

  • Yonkers High School

Private Schools

  • Sacred Heart High School
  • St. Peter's School

Transportation & Accessibility

Transit & Roads

Public Transit

  • Metro-North Yonkers Station (Hudson Line)
  • Bee-Line Bus Service

Major Roads

  • Nepperhan Ave
  • Ashburton Ave
  • Saw Mill River Pkwy (nearby)

Commute & Walkability

Commute Times25-35 minutes to Grand Central via Metro-North; 30-60 minutes by car to Midtown Manhattan depending on traffic.
WalkabilityExcellent—most errands can be accomplished on foot.
ParkingChallenging; limited street parking and paid garages, typical of dense urban centers.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Investors
  • First-time buyers
  • NYC commuters

Key Selling Points

  • Hudson River views
  • Easy NYC commute
  • Vibrant arts and dining
  • Historic character with modern upgrades

Pricing Considerations

Price aggressively to reflect recent market dip and limited buyer pool; highlight value per square foot.

Common Objections & Response Strategies

Objection: Recent sharp price drop and long days on market.

Response Strategy:

Emphasize long-term growth, ongoing revitalization, and unique value proposition vs. NYC.

Objection: Concerns about safety and crime rates.

Response Strategy:

Highlight improving trends, active community groups, and new investment in security and lighting.

Objection: Older building maintenance and potential assessments.

Response Strategy:

Showcase recent upgrades, strong HOA management, and lower entry price.

Objection: Parking difficulties.

Response Strategy:

Promote walkability, transit options, and available paid parking solutions.

Investment Insights

Investment Potential

Appreciation Potential

High long-term due to ongoing revitalization and proximity to NYC, but short-term volatility (recent price drop).

Rental Demand

Strong—appeals to commuters and renters priced out of NYC.

Buyer Competition

Low currently (few sales, long days on market), but could increase as market stabilizes.

Best For

  • Investors seeking value-add or rental properties
  • First-time buyers
  • Commuters to NYC

Potential Concerns

  • Short-term price volatility
  • Limited inventory
  • Older building maintenance costs

Professional Recommendations

1

Educate buyers on long-term upside and revitalization projects.

2

Network with local businesses and arts organizations for referrals.

3

Stage units to highlight urban lifestyle and flexibility.

4

Be transparent about market volatility and set realistic expectations.

5

Leverage data on price per square foot and rental yields in marketing.

Competitive Analysis

Comparable Markets

  • Mount Vernon Downtown
  • New Rochelle Downtown
  • Bronx Riverdale

Market Positioning

Best value urban neighborhood for NYC commuters seeking affordability and lifestyle.

Competitive Advantages

  • Lower entry price than NYC or nearby Westchester downtowns
  • Direct Metro-North access
  • Unique arts/cultural scene

Price Comparison

Significantly lower than broader Yonkers ($215K vs. $505K median), and much lower than nearby downtowns.

Investment Metrics

5-7% for well-managed rentals (estimate based on current rents and prices)
Cap Rates
5-6% gross yields typical for condos/co-ops
Rental Yields
14-16 (favorable for investors)
Price-to-Rent
Positive for most rental units due to low acquisition costs and strong demand
Cash Flow
Moderate to strong over 5-10 years as revitalization continues
Appreciation

Buyer Journey Insights

First-Time Buyers

Attractive entry price, walkable lifestyle, but must be comfortable with urban environment and older buildings.

Move-Up Buyers

Limited options—mostly condos/co-ops, not ideal for those seeking larger single-family homes.

Downsizers

Appealing for those seeking low-maintenance, urban living with transit access.

Investors

Excellent opportunity to buy during market dip; strong rental demand and long-term upside.

Relocators

Great for NYC transplants seeking affordability and quick commute.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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