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    50 Palisade Ave Yonkers, NY 10701

    Sponsored
    For Sale
    $7,800,000

    Prime Yonkers location, high-growth potential.

    Property size:
    13,664 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 50 Palisade Avenue, Yonkers, NY 10701, presents a compelling investment opportunity. Boasting 13,664 square feet on a 1.13+ acre lot, this building is strategically situated on a signalized corner in a high-demand area. Currently configured as an ambulette headquarters, the property features four dock-high doors, offering significant flexibility for various uses. The DM-X zoning permits a wide range of development possibilities, making it ideal for entrepreneurs with a vision. Located directly across from the new Chicken Island project, this property benefits from the revitalization and growth of downtown Yonkers. The asking price is $7,800,000, translating to $570.84 per square foot. The property is being sold "as is," and additional information regarding a potential Phase 2 development is available upon request. This is a rare chance to acquire a substantial property in a thriving urban center with significant upside potential. The building consists of one structure and is classified as both an apartment building and warehouse. Detailed zoning information is available.

    Property Features for 50 Palisade Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,664 SF

    Building Details

    Buildings
    1

    HighLights

    • 13,664 SF mixed‑use building on a 1.13+ acre lot in Yonkers, NY.
    • Located on a signalized corner in a high‑demand area.
    • Features four dock‑high doors, currently configured as an ambulette headquarters.
    • DM‑X zoning allows for diverse development options.
    • Situated across from the new Chicken Island project.
    • Asking price: $7,800,000 ($570.84/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -73.894789835184
    Latitude
    40.934566987396

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    FAQs

    What type of property is this?
    Multifamily property - Prime Yonkers location, high-growth potential.
    Where is this multifamily property located?
    The property is located at 50 Palisade Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $7,800,000.
    What are key features of this property?
    This property features: 13,664 SF mixed-use building on a 1.13+ acre lot in Yonkers, NY.; Located on a signalized corner in a high-demand area.; Features four dock-high doors, currently configured as an ambulette headquarters.
    Request Owner's contact information
    50 Palisade Ave 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
    50 Palisade Ave Yonkers, NY 10701
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