Yonkers Distribution Property For
For Sale
Contact for pricing
189 -195 S Broadway Yonkers NY 10705, Yonkers, NY 10701
Two-story building with docks and parking in a high-traffic area.
Property Size24,000 SF
Price / SF$162.50
Days on Market759
Property Features for 189 -195 S Broadway Yonkers NY 10705
General Information
Standard status
Active
Size
24,000 SF
Class
C
Total Parking Spaces
10000
Property subtype
Industrial
Zoning
industrial
Investment Type
Owner/User
Building Details
Year Built
1956
Stories
2
Listing Agency:
Niko International Brokerage
Listed By:
Nijila W. Brown · License #NY 10371200656
Source:
Crexi
Added: Sep 7, 2024
Changed: Oct 3
Last Checked: Oct 2 at 7:47PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$339,479
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,789,580
$6.8M
Cap Rate 7%
$4,849,700
$4.8M
Cap Rate 9%
$3,771,989
$3.8M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$426.2K $17.76/SF
− Vacancy
−$26.9K −$1.12/SF
EGI
$399.4K $16.64/SF
− OpEx
−$59.9K −$2.50/SF
NOI
$339.5K $14.14/SF
Area
Yonkers, NY
Vacancy
6.30%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,789,580
Cap Rate 7%
$4,849,700
Cap Rate 9%
$3,771,989
Alternative Uses
Best Use
Warehouse
$4.85M
$4.24M – $5.66M
NOI $339,479 @ 7.0% cap · market cap 8.70%
Second Best
Industrial
$3.50M
$3.06M – $4.08M
NOI $245,045 @ 7.0% cap · market cap 6.28%
Theoretical Best
Multifamily LT 5
$8.30M
$7.26M – $9.68M
NOI $580,744 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 $3,900,000.
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.
