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    402-404 Riverdale Ave Yonkers, NY 10705

    For Sale
    $500,000

    Shovel-ready site for mixed-use development in desirable Ludlow neighborhood.

    Lot size:
    0.10 Acres

    Property Features for 402-404 Riverdale Ave

    General Information

    Lot size
    0.10 Acres

    Source: Ariel Property Advisors Agent Alexander Taic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Yonkers Development Site For Sale

    Located at 400 Riverdale Avenue in Yonkers, NY, this shovel-ready development site offers the opportunity to construct a 12,500 sq. ft. mixed-use structure. The site is situated on a 4,000 sq. ft. lot within the Ludlow neighborhood. The property benefits from its location on a major retail thoroughfare within a highly residential area that experiences limited new construction. The Ludlow Metro North stop provides convenient access to NYC, and the 8-bus line runs along Riverdale Avenue. The surrounding area includes schools, parks, restaurants, bars, national and local retailers, and a police station. Yonkers is a growing community with desirable attractions and highly-rated schools. The ease of transportation and affordability position Yonkers as an up-and-coming area.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.901458
    Latitude
    40.918752

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    FAQs

    What type of property is this?
    Land - Shovel-ready site for mixed-use development in desirable Ludlow neighborhood.
    Where is this land located?
    The property is located at 402-404 Riverdale Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Shovel-ready development site for a 12,500 sq. ft. mixed-use structure.; - Located in the desirable Ludlow neighborhood of Yonkers.; - Easy access to NYC via the nearby Ludlow Metro North station.
    (212) 544-9500
    Request Owner's contact information
    402-404 Riverdale Ave Yonkers, NY 10705
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    Yonkers, NY 10705
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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
    402-404 Riverdale Ave Yonkers, NY 10705
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