Property profile

245 247 251 & 253 Yonkers, NY 10705

OFF-MARKET
Retail properties & Spaces
11,520 SF
Saved · see the list in your Dashboard

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

Location

245 247 251 & 253 Yonkers, NY 10705
Yonkers metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 245 247 251 & 253?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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