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702 Saw Mill River Rd Yorktown Heights, NY 10598

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For Sale
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Three-unit multifamily, high NOI.

Property Features for 702 Saw Mill River Rd

General Information

Property type
Multifamily properties
Lot Size
43,560 SF

Building Details

Year Built
2024
Buildings
1
Stories
2
Units
3

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Listing Contact
Gregory Walwer

Listing Agent: Gregory Walwer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents three brand-new, fully leased townhouses situated on a nearly one-acre lot at 702 Saw Mill River Road in Yorktown Heights, New York. Built in 2024, this two-story apartment building boasts a desirable location in southern Yorktown, offering a tranquil setting adjacent to the Yorktown Heights Rail Trail and across from the New Croton Reservoir and Kitchawan Preserve. The property includes a six-bay garage, further enhancing its appeal and rental income potential. With a strong net operating income (NOI) of $140,600 and an attractive cap rate of 6.00%, this property represents a compelling investment. The asking price is $2,343,000, translating to $781,000 per unit. Conveniently located within a five-minute drive of downtown Yorktown Heights, the IBM Research Center, Mohansic Golf Course, and Locke Ledge Country Club, this property offers both strong investment potential and a desirable lifestyle location. The property is zoned CC. This is a rare opportunity to acquire a high-quality, newly constructed multifamily property in a prime Westchester County location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Didupholstery Furniture & Home Goods Ludensol Detailing Car Wash

Suggested Use

Restaurant Gym & Fitness Center Department Store HVAC Service Furniture & Home Goods

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

Location Insight

  • Map
  • Local Demand
City
Yorktown Heights
County
Westchester
State
New York
Longitude
-73.782304418923
Latitude
41.233218974136

FAQs

What type of property is this?
Multifamily property - Three-unit multifamily, high NOI.
Where is this multifamily property located?
The property is located at 702 Saw Mill River Rd Yorktown Heights, NY.
What is the asking price?
The asking price for this property is $2,343,000.
What are key features of this property?
This property features: $2,343,000 asking price for a three-unit apartment building.; 6.00% cap rate with a $140,600 net operating income (NOI).; Three units, priced at $781,000 per unit.
(203) 458-0550 Call to check price and availability
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