Property Description
Attention builders, investors and 1031 exchangers! Incredible investment opportunity to build 10 res units in downtown yonkers close to the water front! Approved zoning already in place for 10 units and 5 parking spaces. All the hardwork of getting zoning approval complete - just need to build, and watch the cash flow pour in! Gross annual rent estimated to be around $240k+ and cost to build estimated around $1. 3m. Property being offered at approx 8. 7% cap rate! Make an offer before the end of the tax year!
Property Information
| Location/Town | Yonkers |
| Area/County | Westchester |
| Prop. Type | Land |
| Tax | $3,200.00 |
| Lot SqFt | 8,276 |
| Util Incl | Electric Available, Natural Gas Available, Sewer Available, Water Available, Electricity Available |
| Zoning | Other |
| Lot Features | Level, Part Wooded, Sloped |
| Tax Assessed Value | 3700 |
| School District | Yonkers |
| Middle School | Yonkers Middle School |
| Elementary School | Yonkers Early Childhood Academ |
| High School | Yonkers High School |
| Listing information courtesy of: Howard Hanna Rand Realty | |