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Yonkers Multifamily Investment Opportunity
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20 Locust Hill Avenue, Yonkers, NY 10701

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

Property SizeContact for details
Days on Market163

Property Features for 20 Locust Hill Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning M
Net Operating Income $82,771

Building Details

Year Built 1910
Buildings 1
Stories 5
Units 9
Listing Agency: Century 21 Dawn's Gold Realty
Listed By: Justina Martins · License #NY
Source: Crexi
Added: Mar 14 Changed: Aug 12 Last Checked: Aug 19 at 1:40PM

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 provides convenient access to bus and train lines, as well as shopping.

Key Highlights

  • Nine fully updated units, each with eat‑in kitchen, living room, 3 bedrooms, 1 bath, and porch.
  • Rent‑stabilized building in Downtown Yonkers.
  • Tenants pay for cooking gas and electricity.

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.
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 $1,500,000.
What are key features of this property?
This property features: Nine fully updated units, each with eat‑in kitchen, living room, 3 bedrooms, 1 bath, and porch.; Rent‑stabilized building in Downtown Yonkers.; Tenants pay for cooking gas and electricity.
(914) 490-3792 Call to check price and availability
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