Yonkers, NY 10705

Property

Ownership: For Sale
Type: Multi-Family
Pets: No Pets Allowed
Lot Size: 0.08 Acres

Financials

Price:$2,575,000
Annual Taxes:$3,240.76
505 Park Ave, New York, NY 10022
Listing Courtesy of Winzone Realty Inc

7 Unit Income Property Development Lot Garage amp ; Parking Income Yonkers, NY Rare opportunity to acquire a 7 unit multifamily building with an additional buildable lot, both sold together, ...

Description

7-Unit Income Property + Development Lot | Garage & Parking Income | Yonkers, NY Rare opportunity to acquire a 7-unit multifamily building with an additional buildable lot, both sold together, in a prime Yonkers location near Van Cortlandt Park. 28–32 Van Cortlandt Park Ave offers scale, income, and future upside in one package. The property features seven large residential units, including a bonus superintendent unit—ideal for a handyman, live-in super, or value-add conversion. Units are spacious and well-laid-out, appealing to long-term tenants and strong rental demand. Three-car garage plus additional parking provide separate income potential, a major value driver in this high-density area. The sale includes a separate adjacent lot measuring an additional 3,485 sq ft, bringing total lot size to approx. 6,970 sq ft. This extra lot significantly enhances the property’s long-term value, offering potential for future development, expansion, outdoor amenities, or resale upside (buyer to verify with municipality). Properties with this level of land flexibility are extremely rare in Yonkers. Key Highlights: 7 large residential units Bonus superintendent/handyman unit 3-car garage + parking income Separate adjacent lot included (3,485 sq ft) Total combined lot size approx. 6,970 sq ft Strong rental demand location near Van Cortlandt Park Building and lot sold together – no separation This is a high-upside multifamily investment offering immediate income, parking revenue, and long-term development potential—perfect for investors looking to scale their portfolio with a value-add component.

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.