156 Palisade Ave Yonkers, NY 10701

Property Details for 156 Palisade Ave

Year built

1891

Lot size

0.08 lot acres

Property size

5,721 SF

Zone code

B

Property type

Investment properties

Property subtype

Live-work space

APN

551800 2.-2026-1

APU

551800220261

Description

This exceptional mixed-use property at 156 Palisade Ave, Yonkers, NY presents a lucrative investment opportunity. Spanning 5,721 square feet on a 0.08-acre lot, this property boasts a diverse income stream. Two established retail spaces are currently leased, generating consistent rental income. One tenant, a deli, has enjoyed a 20-year presence at this location. Adding to the revenue potential are five residential apartments, one of which will be delivered in rentable condition prior to closing. The property also includes a valuable two-car detached garage and a billboard, offering additional income streams. The property's prime location provides easy access to various transportation options. The vacant apartment presents an immediate opportunity to increase rental income by leveraging current free-market rental rates. This property is a proven cash-generating asset with significant upside potential for future growth. The combination of established retail tenants, residential units, and additional features makes this a truly unique and attractive investment. The property is priced at $1,725,000. This is a rare opportunity to acquire a well-established, high-income generating property in a desirable location. Don't miss out on this chance to secure a strong return on your investment.

Location Insight

City

Yonkers

County

Westchester

State

New York

Longitude

-73.8936

Latitude

40.938

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments