Property profile

18 Morris Pl Yonkers, NY 10705

OFF-MARKET
Refrigerated & Cold Storage
Property ID
US63-1385069
8,939 SF 0.23 ac lot Built 1930
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 17,500-square-foot manufacturing facility in Yonkers, New York, presents a unique leasing opportunity. Situated at 18 Morris Place, this single-tenant building offers ample space for various industrial operations. The property boasts a two-story structure with impressive 14-foot ceilings, providing significant vertical clearance for equipment and storage. Convenient access is ensured by the inclusion of one loading dock and two drive-in doors, streamlining logistics and material handling. The expansive 6,000 square feet of parking and yard space offers ample room for vehicle storage and maneuvering. The property is zoned M, reflecting its suitability for manufacturing uses. Located in Westchester County, with a precise address of 18 Morris Place, Yonkers, NY 10705, this property benefits from a strategic location within a well-established industrial area. The entire 17,500 square feet is currently vacant, providing immediate occupancy for a prospective tenant. This presents a rare chance to secure a substantial, well-equipped industrial space in a desirable location. The property's features make it ideal for a variety of manufacturing businesses seeking a functional and spacious facility. Contact us today to learn more about this exceptional leasing opportunity.

Property profile

Verified
Property type Refrigerated & Cold Storage
Use group COLD STORAGE
Year built 1930
Total area 8,939 SF
Lot 0.23 ac (10,019 SF)
Zoning code M
APN 551800 1.-158-80
UPID US63-1385069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Factory Production Facility
  • Corporate Office

Location

18 Morris Pl Yonkers, NY 10705-1929
Yonkers metro Census 204 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.95M
Comparable Approach Comparable
$899k
Blend (final) Blend
$1.48M

Owner & transaction history

Zoning & alternative use

M · Yonkers, NY
Zoning description

The purpose of this zone is to accommodate Medium Density Apartment Houses

General category UNKNOWN

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
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