Yonkers, NY 10704

Property

Ownership: For Sale
Type: mixed-use
Lot Size: 0.0 Acres

Financials

Price:$1,999,999
Annual Taxes:$20,305
505 Park Ave, New York, NY 10022
Listing Courtesy of Double C Realty

Terrific opportunity to acquire an exceptional mixed use brick building nestled away in the McLean Heights vicinity of Yonkers, just 25 minutes north of Manhattan.

Description

Terrific opportunity to acquire an exceptional mixed-use brick building nestled away in the McLean Heights vicinity of Yonkers, just 25 minutes north of Manhattan. This income-producing property offers an attractive combination of strong cash flow, stability, and future upside potential. The property consists of (2) fully leased commercial storefronts on prime McLean Avenue and (5) residential apartments, which are accessible at the rear of the property on St Barnabas Place. Generating approximately $194,100 in annual gross income, this property presents a compelling return and an excellent addition to any investment portfolio. Located in a vibrant neighborhood with strong rental demand, the building benefits from exceptional visibility, heavy foot traffic, and convenient access to public transportation, including buses and Metro-North, as well as nearby shopping, restaurants, and major thoroughfares. This brick beauty has been meticulously maintained and offers a truly turnkey investment opportunity. Recent capital improvements include a new roof, updated sewer lines, new gas boiler and hot water heaters, and a new electrical service distribution system, minimizing future maintenance concerns and enhancing long-term value. With solid in-place income, a prime location, and potential for future rental growth, this is a rare opportunity to own a marquee mixed-use property in one of Yonkers' strongest rental and commercial markets. Don't miss the chance to invest in a high-performing asset with both stability and upside potential.

Amenities

  • Bathrooms
  • Ceiling Fan(s)
  • Corner Lot
  • Electricity Connected
  • Electric Range
  • High Speed Internet
  • Lobby
  • Mailbox
  • Natural Gas Connected
  • Refrigerator
  • Sewer Connected
  • Signage Included
  • Storage
  • 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.