47 Lincoln Ter Yonkers, NY 10701
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 47 Lincoln Ter
- Property type
- Commercial real estate
Description
This exceptional Class A multifamily investment property, located at 47 Lincoln Terrace in Yonkers, New York, offers a compelling opportunity. Priced at $1,250,000, this property boasts a 7.82% cap rate and a strong net operating income (NOI) of $97,700. The building features two spacious units: a 5-bedroom, 3-bathroom duplex and a 3-bedroom, 2-bathroom unit, totaling eight bedrooms and five bathrooms. Each unit enjoys stunning Hudson River views and private balconies. The modern open-concept design showcases beautiful oak hardwood floors, sun-drenched kitchens with quartz countertops and high-end stainless steel appliances, and designer master bathrooms with walk-in closets. Additional features include laundry rooms in each unit, ample closet space, a full finished walk-out basement, a one-car garage, and a private driveway. Situated on a quiet cul-de-sac near the Old Croton Aqueduct Trail, this property offers convenient access to Metro-North Railroad, buses, highways, schools, and parks, with Manhattan a less than 30-minute drive away. The property is available for occupancy on August 1, 2024, and offers four parking spaces per unit. This owner-user investment presents a rare opportunity to acquire a high-quality, income-producing asset in a desirable location. Each unit is priced at $625,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.894756281771
- Latitude
- 40.949800732828
