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Mixed-Use Investment Opportunity in Yonkers

86 McLean and 2 - 6 Cornell Ave, Yonkers, NY 10705

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For Sale

$1,995,000

Mixed-use property with commercial spaces, residential units, and parking.

Type:Commercial

Property size:

6,360 SF

Lot size:

0.30 Acres

Price / SF:

$313/SF

HighLights

Rare mixed‑use investment opportunity with 3 tax lots sold as a package.
Benefit from a large, gated parking lot that accommodates approximately 30 vehicles, secured with a high‑quality fence and security system.
Includes 4 commercial spaces and 2 updated residential apartments (1‑bedroom with office, 2‑bedroom).
Three long‑term, reliable tenants in place, including an auto repair shop and laundromat (with formal lease).
Located in a high‑traffic, established area with a mix of residential and commercial businesses.
Well‑maintained property with no violations, open permits, or unpaid taxes.

We can help!

Contact an agent

Marina Suh

Learn more

For Sale

$1,995,000

Mixed-use property with commercial spaces, residential units, and parking.

Type:Commercial

Property size:

6,360 SF

Lot size:

0.30 Acres

Price / SF:

$313/SF

Added:: Mar 11, 2026
Days on Market:: 118
Last Refresh:: Jul 2 at 3:02 pm

Property Features for 86 McLean and 2 - 6 Cornell Ave

General Information

Standard status: Active
Size: 6,360 SF
Lot size: 0.30 Acres
Property subtype: Commercial

Building Details

Year Built: 1965

We can help!

Contact an agent

Marina Suh

Listing office Keller Williams Realty Group

Listing date Mar 11, 2026

Source Elliman

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 Keller Williams Realty Group

HighLights

Rare mixed‑use investment opportunity with 3 tax lots sold as a package.
Benefit from a large, gated parking lot that accommodates approximately 30 vehicles, secured with a high‑quality fence and security system.
Includes 4 commercial spaces and 2 updated residential apartments (1‑bedroom with office, 2‑bedroom).
Three long‑term, reliable tenants in place, including an auto repair shop and laundromat (with formal lease).
Located in a high‑traffic, established area with a mix of residential and commercial businesses.
Well‑maintained property with no violations, open permits, or unpaid taxes.

Overview

This mixed-use investment opportunity includes three tax lots sold as a package, featuring two mixed-use buildings and a large adjacent gated parking lot. Located at 86 McLean Avenue, 2 Cornell Avenue, and 6 Cornell Avenue in Yonkers, NY, the property totals 6,360 square feet on 0.30 acres. The parking lot accommodates approximately 30 vehicles and is secured with a fence and security system. The property includes four commercial spaces and two residential apartments: a one-bedroom unit with a small office and a two-bedroom unit. Both residential units are modern and updated, and currently owner-occupied. Three long-term tenants occupy the property, including an auto repair shop and a laundromat, which has a formal lease. Other tenants operate month-to-month, offering flexibility for lease renegotiation or renewal. All tenants are reliable and pay rent on time. One commercial space is vacant and suitable for various businesses, such as a hair or nail salon, cafe, office, or other neighborhood enterprise. Situated in a high-traffic, established area with residential buildings, single-family homes, and commercial businesses, the property is well-maintained. There are no violations, open permits, or unpaid taxes.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$282.4k	$44.40
− Vacancy	−$25.4k	−$4.00
EGI	$257.0k	$40.40
− OpEx	−$115.6k	−$18.18
NOI	$141.3k	$22.22

6,360 SF · lease $44.40/SF/yr · vacancy 9.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,333 @ 7.0% cap · market cap 7.08%

Second Best

Retail

$1.77M

$1.55M – $2.07M (±1% cap)

NOI $124,211 @ 7.0% cap · market cap 6.23%

Theoretical Best

Multifamily LT 5

$2.20M

$1.92M – $2.56M (±1% cap)

NOI $153,897 @ 7.0% cap · market cap 7.71%

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

Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Location Insight

Map
Local Demand

City: Yonkers
County: Westchester
State: New York
Longitude: -73.8904
Latitude: 40.9163

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For sale
Mixed-use properties
NY
Yonkers
10705
86 McLean and 2 - 6 Cornell Ave

What type of property is this?

Mixed-use property - Mixed-use property with commercial spaces, residential units, and parking.

Where is this mixed-use property located?

The property is located at 86 McLean and 2 - 6 Cornell Ave Yonkers, NY.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: Rare mixed‑use investment opportunity with 3 tax lots sold as a package.; Benefit from a large, gated parking lot that accommodates approximately 30 vehicles, secured with a high‑quality fence and security system.; Includes 4 commercial spaces and **2 updated residential apartments (1‑bedroom with office, 2‑bedroom)**.