Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    289 Warburton Ave Yonkers, NY 10701-2224

    • Commercial land
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2023
    $920,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2790475
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 289 Warburton Ave

    Lot size
    0.15 lot acres
    Zone code
    A
    Property type
    Commercial land
    APN
    551800 2.-2116-40
    APU
    5518002211640

    Description

    This exceptional 12,500 square foot development site in Yonkers, New York, presents a lucrative investment opportunity. Located at 289 Warburton Avenue, the property boasts 100 feet of frontage on Warburton Avenue and an additional 25 feet on Woodworth Avenue, ensuring high visibility and convenient access. Fully approved for a 36-unit apartment building, this project eliminates lengthy approval processes and reduces development risk. The proposed building features a highly efficient electric design, aligning with current sustainability initiatives, and includes 36 on-site parking spaces across two levels. One affordable rental unit is incorporated, fulfilling city requirements and promoting community inclusivity. Tenants will be responsible for their own utilities. The building's rear units offer stunning Hudson River views, a significant draw for potential renters. Situated just 0.07 miles from the Metro North Station, the property benefits from excellent public transportation access. The site's location within a rapidly developing area, with at least six other new development projects nearby, further underscores its investment potential. Projected net annual income exceeds $840,000. Detailed building and site plans are available for review. This is a prime opportunity to capitalize on Yonkers' thriving real estate market. The property is zoned M (Manufacturing) and is located in Westchester County, NY, zip code 10701.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8972
    Latitude
    40.9456
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $2,332
    $4,000
    $0.00
    $4,000
    -
    $223,464
    $0.00
    $223,464

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      17 Park Hl Avere

      VACANT COMMERCIAL LAND • 0.09 Acres
      17 Park Hl Avere, Yonkers, NY 10701-4141
      View Details
    • Value Estimation by Request
      0.03 Acres

      17 Park Hl Avere

      VACANT COMMERCIAL LAND • 0.03 Acres
      17 Park Hl Avere, Yonkers, NY 10701-4141
      View Details
    • Value Estimation by Request
      0.06 Acres

      17 Park Hl Avere

      VACANT COMMERCIAL LAND • 0.06 Acres
      17 Park Hl Avere, Yonkers, NY 10701-4141
      View Details
    • Value Estimation by Request
      0.05 Acres

      43 Parsons St

      VACANT COMMERCIAL LAND • 0.05 Acres
      43 Parsons St, Yonkers, NY 10701-5545
      View Details
    • Value Estimation by Request
      0.13 Acres

      64 Poplar St

      VACANT COMMERCIAL LAND • 0.13 Acres
      64 Poplar St, Yonkers, NY 10701-4335
      View Details
    • Value Estimation by Request
      0.05 Acres

      381 Prescott St

      VACANT COMMERCIAL LAND • 0.05 Acres
      381 Prescott St, Yonkers, NY 10701-6202
      View Details

    Similar Nearby for Sale

    • $478,000

      Commercial Land For Sale

      Commercial land available for sale.
      970 N Broadway 208, Yonkers, NY 10701
      View Details
    • $1,550,000
      3 SF

      Yonkers Development Site For Sale

      Development site in downtown Yonkers with D-MX zoning and high foot-traffic.
      36-38 Main St, Yonkers, NY 10701
      View Details
    • $7,800,000
      20,496 SF

      Yonkers Development Site For Sale

      1.13+/- acre development site in Downtown Yonkers.
      50 Palisade Ave, Yonkers, NY 10701
      View Details
    • $500,000

      Yonkers Shovel-Ready Development Site

      Shovel-ready site in Yonkers, buildable up to 12,429 sq. ft.
      400 Riverdale Ave, Yonkers, NY 10701
      View Details
    • $750,000

      Yonkers Multifamily Development Opportunity

      Approved site plan for 15-unit apartment building in Yonkers.
      79-85 William St, Yonkers, NY 10701
      View Details
    • $299,000

      Residential Lot in Bryn Mawr

      Residential lot in Yonkers, suitable for single-family house.
      466 Palmer Rd, Yonkers, NY 10701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available for Lease

      Land for lease or build-to-suit with highway access.
      225 Corporate Blvd S, Yonkers, NY 10701
      View Details
    • $54,000
      2,450 SF

      Yonkers Industrial Property For Sale

      Versatile Office/Warehouse, 2,450 SF
      451 Old Nepperhan Ave, Yonkers, NY 10701
      View Details
    • $30 SF/Yr
      6,103 SF

      Prime Yonkers Retail Space

      6,103 SF Available, Multiple Units
      92 Main St, Yonkers, NY 10701
      View Details
    • Contact for pricing
      13,291 SF

      Retail Space in Flourishing Yonkers

      Highly visible retail location in downtown Yonkers, a flourishing trade area.
      1 Van Der Donck St | Yonkers, Yonkers, NY 10701
      View Details
    • Contact for pricing
      2,350 SF

      Renovated Warehouse/Flex Space Available

      2,350 SF renovated warehouse/flex space with drive-in door.
      484 Saw Mill River Rd, Yonkers, NY 10701
      View Details
    • Contact for pricing
      1,954 SF

      Downtown Yonkers Waterfront Vacant Building

      Four-story vacant building located in Downtown Yonkers Waterfront.
      2 Manor House Sq, Yonkers, NY 10701
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    289 Warburton Ave
    Yonkers, NY 10701-2224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.