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Yonkers Multifamily Investment Opportunity
For Sale
$1,500,000

20 Locust Hill Ave, Yonkers, NY 10701

Nine-unit, rent-stabilized building in downtown Yonkers near transportation and shopping.

Days on Market99

Property Features for 20 Locust Hill Ave

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1910
Listing Agency: Century 21 Dawn's Gold Realty
Listed By: Justina Martins
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Jul 10 at 1:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Dawn's Gold Realty

Investment Insights

Based on property information with market context.

This is a nine-family brick building located in downtown Yonkers. The property is currently rent stabilized. Each of the nine units has been fully updated and includes an eat-in kitchen, living room, three bedrooms, one bath, and a porch. The building also features a walk-out lower level with a utility room, storage space, and a yard. Tenants are responsible for covering the costs of cooking gas and electricity. The property is being sold in as-is condition. The location offers convenient access to bus and train lines, as well as shopping. The walk score is 72, indicating it is very walkable, and the transit score is 57, indicating good transit options. The bike score is 25, indicating it is somewhat bikeable.

Key Highlights

  • Nine fully updated units, each featuring an eat‑in kitchen, living room, 3 bedrooms, 1 bath, and porch.
  • Rent‑stabilized building in Downtown Yonkers.
  • Great investment opportunity**.

Property Analytics

Current Use

20 Locust Hill ... Parking Lot & Garage

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,879
Businesses Nearby

Demographics for 10701, NY

68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine-unit, rent-stabilized building in downtown Yonkers near transportation and shopping.
Where is this apartment building located?
The property is located at 20 Locust Hill Ave Yonkers, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Nine **fully updated units**, each featuring an eat‑in kitchen, living room, 3 bedrooms, 1 bath, and porch.; Rent‑stabilized building in Downtown Yonkers.; Great investment opportunity**.
More about this property
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