50 Palisade Ave Yonkers, NY 10701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D-MX · Yonkers, NYYonkers. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.