27 Ludlow St Yonkers, NY 10705

Property Details for 27 Ludlow St

Year built

1928

Property size

63,428 SF

Property type

Commercial real estate

Description

This exceptional six-story, all-brick apartment building in Yonkers, NY, presents a compelling investment opportunity. Boasting 63 units, including 15 duplex apartments, this well-maintained property offers a substantial net operating income (NOI) of $1,002,959. Built in 1928 and extensively renovated in 1987, the building enjoys free-market status, ensuring strong rental income. Amenities include a rooftop terrace, select units with river views, a bonus rentable basement space suitable for community or fitness use, and a rooftop T-Mobile cell site projected to generate additional income starting in 2028. Residents benefit from convenient access to public transportation, including the Ludlow Metro-North station, just a short walk away. The building features two elevators, two stairwells with fireproof self-locking doors, a fully sprinklered common area and covered parking, two standpipe systems, and a security system with 12 cameras and controlled access to the rear parking lot. A large lobby includes Amazon drop boxes. The building is equipped with a Hercules-managed laundry facility and a robust heating system featuring 14 daisy-chained gas-fired boilers and two alternating steam pumps. The electrical system provides 60 amps per unit, and two master gas meters service the boilers and kitchen stoves. The property's 63,428 square feet are spread across six stories, with an asking price of $16,250,000 ($2,100 per unit). This prime location in Westchester County, a city that has not adopted the Good Cause Eviction law, ensures a stable and high-performing investment.