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    50 Palisade Ave Yonkers, NY 10701

    Sponsored
    For Sale
    $7,800,000

    Prime Yonkers Location: Development Opportunity

    Property size:
    20,496 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    344
    This exceptional 20,496 square foot industrial property, situated on a 1.13-acre lot in the thriving city of Yonkers, NY, presents a remarkable development opportunity. Located on a signalized corner, this property benefits from high visibility and accessibility in a bustling downtown area. Currently utilized as an ambulette headquarters, the building features four overhead doors, offering immediate functionality for various uses. The property is zoned DM-X, providing flexibility for a range of development projects. Detailed zoning information is available upon request. This prime location offers significant advantages, particularly given its proximity to the new Chicken Island project, a key indicator of Yonkers' ongoing growth and revitalization. The property is being sold "as is," allowing for complete customization and development according to the buyer's vision. This is a rare chance to acquire a substantial parcel in a rapidly developing area with significant potential for future appreciation. An additional phase of the property is available for consideration upon request, providing further expansion possibilities. This is an ideal site for developers seeking a high-impact project in a dynamic and promising location. Don't miss this chance to capitalize on the growth of Yonkers.

    Property Features for 50 Palisade Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    20,496 SF
    Lot Size
    49,223 SF

    Building Details

    Year Built
    1990
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester County
    State
    New York
    Longitude
    -73.89463
    Latitude
    40.93482

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    FAQs

    What type of property is this?
    Industrial property - Prime Yonkers Location: Development Opportunity
    Where is this industrial property located?
    The property is located at 50 Palisade Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $7,800,000.
    (845) 634-0540
    Request Owner's contact information
    50 Palisade Ave Yonkers, NY 10701
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    Yonkers, NY 10701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Palisade Ave Yonkers, NY 10701
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