289 Warburton Ave Yonkers, NY 10701

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.