Commercial Land with Avenue
290-298 Warburton Avenue, Yonkers, NY 10701
For Sale
$2,850,000
M zoning supports moderate-density apartment development, with mixed-use and retail possibilities also identified.
Property Size6,000 SF
Price / SF$475
Days on Market54
Property Features for 290-298 Warburton Avenue
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
William Raveis-New York LLC
(914) 967-1333
Listed By:
Charles Albertario · License #10301200255
(914) 874-1154
Source:
Jwsrealtygroup
Added: Sep 15
Changed: Nov 7
Last Checked: Nov 7 at 1:02PM
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 William Raveis-New York LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two adjoining parcels at 290-298 Warburton Avenue comprise 37,800 square feet, or 0.8678 acres, with 175 feet of frontage and a depth exceeding 200 feet. The M zoning is described as moderate-density apartment-house zoning. Development potential is identified for a 65-unit residential building, with mixed-use, retail, service, and service-station uses also noted. The seller may consider separate sales of the parcels.
The site is in downtown Yonkers, within walking distance of a train station. Glenwood train station is 0.25 miles away, and a bus stop is across the street.
The site is in downtown Yonkers, within walking distance of a train station. Glenwood train station is 0.25 miles away, and a bus stop is across the street.
Key Highlights
- Combined site totals 37,800 square feet (0.8678 acres)
- 175 feet of Warburton Avenue frontage; site depth exceeds 200 feet
- M zoning described as moderate‑density apartment‑house zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,180
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,600
$2.3M
Cap Rate 7%
$1,674,000
$1.7M
Cap Rate 9%
$1,302,000
$1.3M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$180.0K $30.00/SF
− Vacancy
−$12.6K −$2.10/SF
EGI
$167.4K $27.90/SF
− OpEx
−$50.2K −$8.37/SF
NOI
$117.2K $19.53/SF
Area
Yonkers, NY
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,600
Cap Rate 7%
$1,674,000
Cap Rate 9%
$1,302,000
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $117,180 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $145,186 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,008
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
Properties on Market for Commercial land in Westchester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - M zoning supports moderate-density apartment development, with mixed-use and retail possibilities also identified.
Where is this commercial land located?
The property is located at 290-298 Warburton Avenue Yonkers, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Combined site totals 37,800 square feet (0.8678 acres); 175 feet of Warburton Avenue frontage; site depth exceeds 200 feet; M zoning described as moderate‑density apartment‑house zoning
