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    451 Old Nepperhan Ave Yonkers, NY 10703

    Sponsored
    For Sale
    $16,000,000

    Prime 2.7-acre site, 110,000 SF, high potential.

    Property size:
    110,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.7-acre industrial property at 451 Old Nepperhan Avenue in Yonkers, New York, presents a unique redevelopment opportunity. Currently improved with a 30,000 square foot building and a separate office structure, this site is the largest in Lower Westchester. The property boasts a 110,000 square foot footprint, a 25-foot ceiling height, and three dock-high doors. The existing structure is currently 100% occupied under a multi-tenant net lease with a remaining term of one year, expiring November 1, 2024. The property is zoned for industrial use and offers significant potential for various development projects, including senior housing, retirement facilities, retail, or multi-family residential. Its strategic location in Lower Westchester provides easy access to major highways and roads, making it an ideal location for businesses and residents alike. Built in 1950 and renovated in 2011, this single-story building sits on a 2.7-acre lot. The asking price is $16,000,000. The property is owned by an LLC and is being offered for sale by owner. This is a rare chance to acquire a substantial property in a highly desirable location with immense redevelopment potential. The property's current use as a construction yard further enhances its versatility. Consider the possibilities for car preparation, dealerships, wholesale auto sales, or auction yards for cars and equipment.

    Property Features for 451 Old Nepperhan Ave

    General Information

    Property type
    Retirement homes
    Square Feet
    110,000 SF
    Class
    B
    Lot Size
    117,612 SF

    Building Details

    Year Built/Renovated
    1950/2011
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Gentile Construction Corp Construction Company All County Mobile ... Ready Mix Concrete Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8801301
    Latitude
    40.95984

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    FAQs

    What type of property is this?
    Retirement home - Prime 2.7-acre site, 110,000 SF, high potential.
    Where is this retirement home located?
    The property is located at 451 Old Nepperhan Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $16,000,000.
    Request Owner's contact information
    451 Old Nepperhan Ave Yonkers, NY 10703
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    Yonkers, NY 10703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    451 Old Nepperhan Ave Yonkers, NY 10703
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