Yonkers, NY 10701

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$1,049,000
Annual Taxes:$18,298
505 Park Ave, New York, NY 10022
Listing Courtesy of Houlihan Lawrence Inc.

Welcome to an exceptional investment opportunity perfect for savvy investors amp ; daily commuters seeking to capitalize on a lucrative market.

Description

Welcome to an exceptional investment opportunity perfect for savvy investors & daily commuters seeking to capitalize on a lucrative market. This outstanding 6-family dwelling offers a unique chance to own a substantial piece of income-generating real estate. Each unit boasts a generous layout with 2 bedrooms, a dining area, ample storage, & features such as modern kitchens, upgraded bathrooms. hardwood floors, high ceilings, & abundant natural light. A detached double garage, coupled with additional driveway parking, ensures ample space for vehicles. The fenced rear yard is an inviting space for entertainment or a play area, adding to the charm and functionality of the property. The building operates under rent stabilization, generating a robust annual income of $126K against expenses of just $36K, highlighting the solid returns on investment. With a full basement that presents potential for further development & an unbeatable location less than 0.5 miles to Ludlow Metro North station, offering a swift commute into New York City, this property is a commuter's dream. Close to buses, shopping, and recreational spots, it stands out as an attractive offering in a well-connected neighborhood. Seize this chance to dive into the world of real estate with a property that promises strong income and growth potential. Don’t let this rare find slip away – invest in a future of possibilities today!

Amenities

  • Back Yard
  • Cable Connected
  • City
  • Electricity Connected
  • Front Yard
  • Level
  • Lobby
  • Natural Gas Connected
  • Near Public Transit
  • Near Shops
  • Sewer Connected
  • Trash Collection Public
  • Walk Up
  • Water Connected

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.