Yonkers, NY 10705

Property

Ownership: For Sale
Type: Multi-Family
Pets: Pets No
Lot Size: 0.03 Acres

Financials

Price:$2,900,000
Annual Taxes:$16,183.35
505 Park Ave, New York, NY 10022
Listing Courtesy of Winzone Realty Inc

Description

127–131 Highland Avenue – Fully Renovated Free-Market 8-Unit with Bonus Land This all-brick, turnkey property is a rare investment opportunity offering 7 apartments plus a retail store — all fully renovated and stabilized with long-term tenants in place. Each unit features separate boilers and utilities, meaning tenants cover their own expenses while the landlord is only responsible for water. Although the building presents as a single structure, it is legally configured as three separate properties (a two-family, a three-family, and a mixed-use two-family with store) — each with its own deed and tax lot. Adding further value, the sale includes a bonus parcel of land at 114 Stanley Avenue, currently used by tenants as a private outdoor space. This parcel offers future development potential or continued use as a yard. With its solid brick construction, full renovations, and prime free-market status, 127–131 Highland Avenue offers both immediate cash flow and long-term upside in one of Yonkers’ most sought-after investment corridors.

Amenities

  • Electricity Available
  • Natural Gas Available

127 131 Highland Avenue Fully Renovated Free Market 8 Unit with Bonus Land This all brick, turnkey property is a rare investment opportunity offering 7 apartments plus a retail store ...


Long Island MLS

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