20 Locust Hill Avenue, Yonkers, NY 10701

Building Details

Year Built

1910

Listing agent ANNE MARIE NASCIMENTO

Listing office BERKSHIRE HATHAWAY HS NY PROP a***@bhhsnyp.com Show Phone

Listing date Jun 3, 2025

Source Corcoran

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 BERKSHIRE HATHAWAY HS NY PROP

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Overview

This is an investment opportunity to acquire a solid brick, 9-family income-producing building in Yonkers, situated in the heart of the 'Hollywood on the Hudson' and Downtown Revitalization Initiative area. The property is located approximately 0.5 miles from Metro North, the new waterfront renaissance area, and Lion's Gate Hollywood Studios. The building features nine spacious 3-bedroom, 1-bath units, along with a large walkout basement and a rear yard. Each unit includes an eat-in kitchen, living room, dining space, 3 bedrooms, a den (or 4th bedroom), a bathroom, and ample closet space. The walk-out lower level comprises the 9th unit, a utility room, a work room, and storage space. The building is currently rent-stabilized, generating a yearly income of $151,000. The property is fully occupied by long-term tenants. The building has gas heat. Tenants are responsible for cooking gas and electricity. The property is being sold 'AS-IS'. The location provides convenient access to Getty Square, bus lines, train, shopping centers, and major parkways. Manhattan is approximately 28 minutes away.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Yonkers

County

Westchester

State

New York

Longitude

-73.8958

Latitude

40.9353

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FAQs

What type of property is this?

Apartment building - Income-producing 9-unit building near Yonkers' revitalization area.

Where is this apartment building located?

The property is located at 20 Locust Hill Avenue Yonkers, NY.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: Rare 9‑unit, solid brick income‑producing building in Yonkers' Downtown Revitalization Initiative area.; Prime location: Just 0.5 miles from Metro North, the waterfront, and Lion's Gate Hollywood Studios.; Currently rent stabilized with a yearly income of $151,000, with increases taking effect June 2025.