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    400 Riverdale Ave Yonkers, NY 10705

    Sponsored
    For Sale
    $500,000

    Yonkers retail investment opportunity.

    Property size:
    12,429 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,429 square foot shopping center, located at 400 Riverdale Avenue in Yonkers, New York (zip code 10705), presents a compelling investment opportunity. Priced at $500,000 ($56 per square foot), this mixed-use property sits on a 4,143 square foot lot and is zoned BA. The property is ideally situated on a major retail thoroughfare within a densely residential neighborhood, offering significant potential for development or redevelopment. Its prime location provides easy access to NYC via the nearby Ludlow Metro North station and the 8 bus line. Surrounded by amenities including schools, parks, restaurants, bars, and various retail establishments, this property benefits from a strong local community and high foot traffic. Yonkers itself is a thriving community known for its excellent schools and desirable lifestyle. The combination of accessibility, affordability, and the surrounding vibrant neighborhood makes this a truly unique investment prospect in an up-and-coming area. This shovel-ready site allows for the construction of a 12,500 square foot mixed-use building, capitalizing on the current lack of new construction in the area.

    Property Features for 400 Riverdale Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,429 SF

    HighLights

    • 12,429 SF shopping center in Yonkers, NY (10705), priced at $500,000 ($56/SF).
    • Located on a 4,143 SF lot, zoned BA, on a major retail thoroughfare.
    • Excellent access to NYC via Metro North and bus lines.
    • Surrounded by amenities and high foot traffic in a densely populated residential area.
    • Shovel‑ready site for a 12,500 SF mixed‑use building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    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
    -73.9014824
    Latitude
    40.9156576

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    FAQs

    What type of property is this?
    Lifestyle center - Yonkers retail investment opportunity.
    Where is this lifestyle center located?
    The property is located at 400 Riverdale Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 12,429 SF shopping center in Yonkers, NY (10705), priced at $500,000 ($56/SF).; Located on a 4,143 SF lot, zoned BA, on a major retail thoroughfare.; Excellent access to NYC via Metro North and bus lines.
    Request Owner's contact information
    400 Riverdale Ave Yonkers, NY 10705
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    Yonkers, NY 10705
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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
    400 Riverdale Ave Yonkers, NY 10705
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