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    OFF-MARKET
    Retail properties & Spaces

    245 247 251 & 253, Yonkers, NY 10705

    11,520 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional redevelopment opportunity presents a portfolio of four buildings totaling 11,520 square feet situated on a prominent 130-foot frontage along South Broadway in Yonkers, New York. Currently operating at 100% occupancy with four separate tenants, the property offers immediate cash flow. Two leases are month-to-month, while two others extend to June 2026 and December 2028, providing a blend of short-term and long-term income streams. The buildings are zoned BR, allowing for a wide range of commercial uses including schools, restaurants, banks, medical offices, and theaters (refer to attached zoning documents for complete details on permitted and special permitted uses). This prime location in downtown Yonkers presents a unique chance to capitalize on a thriving commercial area. The asking price is $2,850,000, and the property is offered as a Net Net Net (NNN) lease. The buildings are individually addressed as 245, 247, 251, and 253 South Broadway, Yonkers, NY 10705, with SBL#s 1-208-11, 13, & 15. Residential use is not permitted in this zone. This is a first-time offering for sale.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 11,520 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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