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Property profile & analytics
OFF-MARKET Estimated value $1,370,000
Auto shops

50 Palisade Ave Yonkers, NY 10701

13,664 SF 1.13 ac lot Built 1990
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US63-0106989
Property summary
AI-generated overview

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 profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1990
Total area 13,664 SF
Lot 1.13 ac (49,223 SF)
Zoning code D-MX
APN 551800 2.-2030-1
UPID US63-0106989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.37M
Owner & transaction history
Pwn Associates LLC · 21 yrs held
Pwn Associates LLC
since 2004
5 recorded transactions
2004
$900,000
1996
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
D-MX · Yonkers, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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