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    9 Ashburton Pl Yonkers, NY 10701

    Sponsored
    For Sale
    $2,500,000

    Prime Downtown Land, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 106' x 100' lot in downtown Yonkers presents a significant redevelopment opportunity. Located in a Federal Qualified Opportunity Zone and zoned "A" District MX (S-100), this 31,362 sq ft site offers as-of-right development for a multifamily apartment building. The property's rich history includes the current presence of the historic Saint Paul Church of GOD In Christ, established in 1941. Its strategic location benefits from Yonkers' ongoing revitalization, notably with the addition of Lionsgate Studios' new complex. This versatile site supports various uses, including community residential facilities, churches, healthcare buildings, daycares, nursing homes, semi-public parking structures, and radio/TV antennas (with special use requirements for satellite antennas). The asking price is $2,500,000. This is a chance to capitalize on Yonkers' transformation and contribute to its dynamic growth. The property is situated at 9 Ashburton Pl, Yonkers, NY 10701, in Westchester County. Don't miss this chance to be part of Yonkers' exciting future.

    Property Features for 9 Ashburton Pl

    General Information

    Property type
    Land

    HighLights

    • Qualified Opportunity Zone property.
    • A District MX (S‑100) zoning.
    • 31,362 square foot buildable lot.
    • As‑of‑right multifamily development.
    • 106' x 100' lot.
    • Located near the Historic Saint Paul Church of GOD In Christ.
    Property Profile Location Intelligence

    Current Use by Public Records

    St Paul Church ... Church

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.896738614662
    Latitude
    40.939523726845

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    FAQs

    What type of property is this?
    Land - Prime Downtown Land, Huge Potential
    Where is this land located?
    The property is located at 9 Ashburton Pl Yonkers, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Qualified Opportunity Zone property.; A District MX (S-100) zoning.; 31,362 square foot buildable lot.
    Request Owner's contact information
    9 Ashburton Pl Yonkers, NY 10701
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    Yonkers, NY 10701
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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
    9 Ashburton Pl Yonkers, NY 10701
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