Property summary
Prime Yonkers location at 210 S Broadway Avenue offers a lucrative investment opportunity. This 19,560 square foot property boasts five units including three retail spaces (a laundromat with 70 washers and 70 dryers, a minimart, and an auto repair shop), a warehouse, and office space. The auto repair shop and minimart are under 10-year leases with annual rent increases of $100, currently paying $3,500 and $4,000 per month respectively. The warehouse is vacant, projecting $4,000 monthly rent, and the office space projects $3,000 monthly rent. The property sits on a 27,111 square foot lot providing ample parking (30+ spaces) and benefits from a high-traffic corner location at Bright Place with a traffic light. Its proximity to St. Joseph's Hospital and its half-mile distance from City Hall further enhance its desirability. The building features 16-20 foot ceilings. Asking price is $5,380,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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