Yonkers, NY 10701

Property

Ownership: For Sale
Type: Single Family
Rooms: 9
Bedrooms: 3 BR
Bathrooms: 1.5
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$480,000
Annual Taxes:$4,888.10
505 Park Ave, New York, NY 10022
Listing Courtesy of Redfin Real Estate

Description

Prime Development Opportunity – Home + Adjacent City-Owned Lot. Developers/Investors, take note! This 3-bedroom, 1.5-bath single-family home comes with the rare opportunity to acquire the adjacent city-owned lot, creating a combined parcel with possible redevelopment potential in one of Yonkers’ most connected neighborhoods. The existing single family home offers a functional layout with expansion possibilities, but the real value lies in the scale of the combined lots—ideal for reimagining multi-family housing. With demand for housing in Yonkers surging and limited inventory, this opportunity offers strong upside. Located minutes from Metro North and the revitalized Yonkers waterfront, with its growing mix of restaurants, shopping, parks, and cultural destinations, this site is positioned for long-term success. Developers seeking a project with potential long-term upside will find this an unbeatable investment. Inquire within!

Amenities

  • Cable Connected
  • Ceiling Fan(s)
  • Dryer
  • Electricity Connected
  • Entrance Foyer
  • Exhaust Fan
  • Gas Oven
  • Gas Range
  • Gas Water Heater
  • Humidifier
  • Mailbox
  • Microwave
  • Natural Gas Connected
  • Neighborhood
  • Pantry
  • Rain Gutters
  • Refrigerator
  • Sewer Connected
  • Trash Collection Public
  • Trees/Woods
  • Washer
  • Washer/Dryer Hookup
  • Water Connected

Prime Development Opportunity Home Adjacent City Owned Lot.


Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.