925 Yonkers Ave Yonkers, NY 10704-3033
- Investment properties
- 2,892 SF
- 0.16 lot acres
Current Use by Public Records
- classic auto repair / Auto Repair Shop
- E&S Auto Care / Auto Repair Shop
Property Details for 925 Yonkers Ave
- Year built
- 1967
- Lot size
- 0.16 lot acres
- Property size
- 2,892 SF
- Zone code
- B
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 551800 6.-6331-68.69
- APU
- 551800663316869
Description
This exceptional 4,900 square foot industrial property located at 925 Yonkers Avenue in Yonkers, NY, presents a lucrative investment opportunity. Currently operating as a well-established business, this turnkey operation boasts significant monthly income averaging $25,000-$30,000, with expenses ranging from $12,000-$15,000. The asking price of $325,000 includes all functioning equipment, significantly reducing start-up costs. The property features 3,280 square feet of interior space and an additional 1,635 square feet of parking lot. Convenient amenities include a storage room and two bathrooms. The current lease has 7 years and 3 months remaining, with a renewable option. The building is equipped with five fully functional lifts and one alignment lift, all included in the sale. Valuable machinery is also part of the sale, including a tire machine ($16,000 value), balance machine ($8,000 value), welding machine ($1,000 value), inspection machine ($35,000 value), and AC machine ($4,000 value). The current monthly rent is $7,700, with water, heat, and taxes covered by the landlord. Labor costs include one worker at $3,200 per month and a second worker at 30% of labor costs. Additional monthly expenses include internet ($100), Con Edison ($400-$600), and garbage ($120). The property's versatility allows for potential conversion into a car wash or body shop, further enhancing its investment potential. This is a rare opportunity to acquire a profitable, established business with minimal overhead and significant growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $500,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $578,000
Market price range: $328k - $826k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.8594
- Latitude
- 40.9184
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
