Yonkers Distribution Property For
189 -195 S Broadway Yonkers NY 10705, Yonkers, NY 10701
Two-story building with docks and parking in a high-traffic area.
Type:Industrial
Property size:
24,000 SFPrice / SF:
$187/SF- Added:
- Sep 7, 2024
- Days on Market:
- 623
- Last Refresh:
- May 12 at 10:04 pm
Property Features for 189 -195 S Broadway Yonkers NY 10705
General Information
- Standard status
- Active
- Size
- 24,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1956
Listing agent Nijila W. Brown License #NY 10371200656
Listing office Niko International Brokerage
Listing date Sep 7, 2024
Source Crexi
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 Niko International Brokerage
HighLights
- Two docks, one on each level, providing direct access for distribution.
- Large building with a total of 24,000 sq ft across two floors (11,000 sq ft on the first floor and 13,000 sq ft on the second floor).
- Drive‑in dock on the first floor.
- 10,000 sq ft parking area in the rear of the building.
- High ceilings: 13 ft on the first floor and 12 ft on the second floor.
- Bathrooms on each level.
Overview
This property is suitable for a developer or distributor. Constructed in 1956, the two-story building features a ceiling height of 13 ft on the first floor, which encompasses 11,000 sq ft and includes a drive-in dock. The second floor offers 13,000 sq ft of space with a 12 ft ceiling. Each level has a bathroom and a dock. There is parking available in the rear of the building, covering an area of 10,000 sq ft. The property is located in Yonkers, an area experiencing growth and presenting opportunities for developers, with heavy foot traffic.
Financial Insights
Value Estimation Calculated for Warehouse
Conservative
$3.77M
NOI $339,479 @ 9.00% cap · cautious / downside scenario
Moderate
$4.85M
NOI $339,479 @ 7.00% cap · market / base-case scenario
Aggressive
$6.79M
NOI $339,479 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Warehouse
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $426.2k | $17.76 |
| − Vacancy | −$26.9k | −$1.12 |
| EGI | $399.4k | $16.64 |
| − OpEx | −$59.9k | −$2.50 |
| NOI | $339.5k | $14.14 |
24,000 SF · lease $17.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Use Scenarios
Best Use
Warehouse
$4.85M
$4.24M – $5.66M
NOI $339,479 @ 7.0% cap · market cap 7.54%
Second Best
Industrial
$3.50M
$3.06M – $4.08M
NOI $245,045 @ 7.0% cap · market cap 5.45%
Theoretical Best
Multifamily LT 5
$8.30M
$7.26M – $9.68M
NOI $580,744 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Distribution centers
Map
- City
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.8809
- Latitude
- 40.9431
Nearby Similar for Sale
FAQs
What type of property is this?
Distribution center - Two-story building with docks and parking in a high-traffic area.
Where is this distribution center located?
The property is located at 189 -195 S Broadway Yonkers NY 10705 Yonkers, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two docks, one on each level, providing direct access for distribution.; Large building with a total of 24,000 sq ft across two floors (11,000 sq ft on the first floor and 13,000 sq ft on the second floor).; Drive‑in dock on the first floor.
