Property Details

Overview

Come see this corner lot Mixed-Use investment property in Yonkers with 14 Apartments and 1 Retail Storefront. The (15) Total Units consist of: 8 (2 Bed) 850 sq ft6 (1 Bed) 550 sq ft1 (Retail Store on ground level)It’s a nice brick building on the outside. Small lobby, 5-story walk-up, no elevator. New 50 Year Roof, New (Gas & Oil) Boiler, (2) New HW Heaters. Store Rented (Not Renovated)7 Renovated (4 Rented, 3 Vacant)2 UnRenovated (1 Rented, 1 Vacant)5 Under Construction (5 Vacant) The legally DHCR verified allowable rent for 2024 is $27, 888 a month + $12, 000 for store = $346, 656 year.Separate Utilities (Gas & Electric) for each apartment.The owner pays for heat, hot water, water & waste removal. Please review the attached P&L.ASKING PRICE = $2, 890, 000