Nest Seekers

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.

Yonkers, NY 10704

Listing

Web ID:5527503
Website:https://www.nestseekers.com/5527503

Property

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

Financials

Price:$1,999,999
Annual Taxes:$20,305

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
  • Commercial Tenant:(Aspire Wireless)(Right Side)
  • Commercial Tenant(Smoothie / Juice)
  • Residential Access to all 5 Apartments:(401 St Barnabas Place- Rear of the property)
  • (First Fl- 2 BedroomApartment
  • Bedroom # 1
  • Bedroom # 1(Another view)
  • Bedroom # 2
  • Bedroom # 2(Another view)
  • 7 Electric Meters
  • Gas Meter upgrade for Gas Heating System
  • Gas Boiler
  • (2) New Gas Hot Water heaters
  • Brand New Roof(2025)

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of Double C Realty
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