Industrial Flex Building with Office
161 Saw Mill River Road Yonkers, NY 10701
161 Saw Mill River Road, Yonkers, NY, 10701
$2,995,000
For Sale
$2,995,000
COMMERCIAL - Yonkers, NY
Property Size15,470 SF
Lot Size0.62 Acres
Price / SF$193.60
Days on Market120
Property Features for 161 Saw Mill River Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1800-002-000-02183-000-0058
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4360
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Building materials
- Stucco
Listing Agency
Houlihan & O'Malley R. E. Serv
(914) 337-7888
141 Parkway Road, Bronxville, NY
Listed by
Raymond E. Inello
(914) 522-8989
Added: Mar 23 Checked: Jul 20 at 10:06 am
MLS# 975124
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is an industrial flex building configured into two sections. A three-story component on the south side includes a lower-level space with HVAC, an additional user on the second floor, and a suite of 10 private offices on the third floor, served by an elevator. The remainder of the building is first-floor industrial warehouse space. Each separate space is equipped with its own bathroom and heater, and tenants pay their own electric and gas.
Located behind the U Haul building off Saw Mill River Road at 161 Saw Mill River Road in Yonkers, NY 10701, the site provides multiple access points. There is approximately +/- 7,000 SF of parking in front and approximately +/- 5,000 SF yard space in the rear, with rear-yard access through an enclosed driveway at the north end of the property. Additional parking is available in front of the building. The property is zoned I District (Industrial Real Estate).
With eight separate spaces that may be expanded, this offering can suit a mix of light industrial and office-oriented tenants looking for individual layouts. Owner financing is available, and the building’s separation into multiple suites and warehouse areas can support different operating requirements under one ownership structure.
Located behind the U Haul building off Saw Mill River Road at 161 Saw Mill River Road in Yonkers, NY 10701, the site provides multiple access points. There is approximately +/- 7,000 SF of parking in front and approximately +/- 5,000 SF yard space in the rear, with rear-yard access through an enclosed driveway at the north end of the property. Additional parking is available in front of the building. The property is zoned I District (Industrial Real Estate).
With eight separate spaces that may be expanded, this offering can suit a mix of light industrial and office-oriented tenants looking for individual layouts. Owner financing is available, and the building’s separation into multiple suites and warehouse areas can support different operating requirements under one ownership structure.
Key Highlights
- 15,470 SF building on a 27,036 SF lot with 8 separate spaces (could be more)
- Two‑section layout: 3‑story southside with elevator plus first‑floor industrial warehouse space
- Each space has a separate bathroom and heater; tenants pay their own electric and gas
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $408.4k | $26.40 |
| − Vacancy | −$30.6k | −$1.98 |
| EGI | $377.8k | $24.42 |
| − OpEx | −$132.2k | −$8.55 |
| NOI | $245.6k | $15.87 |
15,470 SF · lease $26.40/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$3.51M
$3.07M – $4.09M
NOI $245,555 @ 7.0% cap · market cap 8.20%
Second Best
Warehouse
$3.13M
$2.74M – $3.65M
NOI $218,822 @ 7.0% cap · market cap 7.31%
Theoretical Best
Multifamily LT 5
$5.35M
$4.68M – $6.24M
NOI $374,338 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Elite H. Renovation, ...
Construction Company
Metro Glass Corp
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- The Old Fashioned Cocktail Company — 252C Lake Ave, Yonkers, NY 10701
FAQs
What type of property is this?
Flex space - Eight separate indoor spaces with dedicated utilities, plus front parking and a rear yard for flexible tenant needs.
Where is this flex space located?
The property is located at 161 Saw Mill River Road Yonkers, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 15,470 SF building on a 27,036 SF lot with 8 separate spaces (could be more); Two‑section layout: 3‑story southside with elevator plus first‑floor industrial warehouse space; Each space has a separate bathroom and heater; tenants pay their own electric and gas
