Yonkers 9-Unit Investment
For Sale
$1,600,000
20 Locust Hill Avenue, Yonkers, NY 10701
Income-producing 9-unit building near Yonkers' revitalization area.
Property SizeContact for details
Days on Market446
Property Features for 20 Locust Hill Avenue
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$21,260
Building Details
Year Built
1910
Listing Agency:
BERKSHIRE HATHAWAY HS NY PROP
(914) 589-1131
Listed By:
ANNE MARIE NASCIMENTO
Source:
Corcoran
Added: Jun 3, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,879
Businesses Nearby
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 Multifamily in Northeast region
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Frequently Asked Questions
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.
