Corner Grocery
New
For Sale
$2,749,900
146 Lockwood Avenue, Yonkers, NY 10701
The air-conditioned interior includes substantial storage, heavy power capacity, sprinkler protection, and wheelchair accessibility.
Property Size7,358 SF
Days on Market7
Property Features for 146 Lockwood Avenue
General Information
Standard status
Active
Size
7,358 SF
Zoning
B
Net Operating Income
$1,440,000
Additional Details
Corner Location
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$42,500
Amenities
heavy power
air conditioning
storage space
smoke detectors
wheelchair accessibility
Central Air
Forced Air
Freezer, Other
Neighborhood
Off Site, On Street
Building Details
Building Size
7,358 SF
Year Built
1951
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
RE/MAX In The City
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Source:
Evrealestate
Added: Oct 2
Changed: Oct 7
Last Checked: Oct 7 at 11:03AM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
This single-story grocery property at 146 Lockwood Ave in Yonkers contains over 7,000 square feet and is currently operating as a supermarket. The freestanding building dates to 1951 and includes air conditioning, storage space, smoke detectors, a sprinkler system, heavy power capacity, and wheelchair accessibility. It is located in the B - Commercial Business district.
The corner property has more than 100 feet of frontage on Lockwood Avenue and signage opportunities. The #30 Beeline bus line serves the location, and Executive Boulevard is approximately five minutes away. Restaurants, shopping centers, corporate centers, and hospitality destinations are also identified in the surrounding area.
The corner property has more than 100 feet of frontage on Lockwood Avenue and signage opportunities. The #30 Beeline bus line serves the location, and Executive Boulevard is approximately five minutes away. Restaurants, shopping centers, corporate centers, and hospitality destinations are also identified in the surrounding area.
Key Highlights
- Over 7,000 square feet in a single‑story building
- Currently operating as a supermarket
- More than 100 feet of Lockwood Avenue frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,847
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,940
$3.2M
Cap Rate 7%
$2,312,100
$2.3M
Cap Rate 9%
$1,798,300
$1.8M
Market Conditions
NOI Build-Up for 7,358 SF
Gross rent
$229.6K $31.20/SF
− Vacancy
−$13.8K −$1.87/SF
EGI
$215.8K $29.33/SF
− OpEx
−$53.9K −$7.33/SF
NOI
$161.8K $22.00/SF
Area
Yonkers, NY
Vacancy
6.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,940
Cap Rate 7%
$2,312,100
Cap Rate 9%
$1,798,300
Alternative Uses
Best Use
Specialty Retail
$2.31M
$2.02M – $2.70M
NOI $161,847 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$2.05M
$1.80M – $2.40M
NOI $143,702 @ 7.0% cap · market cap 5.23%
Theoretical Best
Multifamily LT 5
$2.54M
$2.23M – $2.97M
NOI $178,046 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
900
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rondi Enterprises — 286 Mile Square Rd, Yonkers, NY 10701
- Lockwood Super Market — 156 Lockwood Ave, Yonkers, NY 10701
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The air-conditioned interior includes substantial storage, heavy power capacity, sprinkler protection, and wheelchair accessibility.
Where is this grocery and convenience store located?
The property is located at 146 Lockwood Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $2,749,900.
What are key features of this property?
This property features: Over 7,000 square feet in a single‑story building; Currently operating as a supermarket; More than 100 feet of Lockwood Avenue frontage
