SOLD: 17 Unit Mixed-Use Building

2 Overlook Terrace, Yonkers, New York, 10701
$2,499,999

Description

As Exclusive Brokers, ERG Commercial Real Estate is pleased to present the subject property located on Locust Hill Avenue in Yonkers, NY. This is a four story building totaling 12,544 square feet and consisting of 16 apartments and 3 commercial units. The apartments consist of (14) 1 bedroom apartments, (1) 2 bedroom apartment and (1) 3 bedroom apartment. The commercial units are located on the lower level with street access. The Deli tenant currently occupies all three commercial units.

The property is a few blocks east of the Hudson River and two blocks north of Yonkers City Hall. It sits on the southwest corner of Locust Hill Avenue and Overlook Terrace and has great access to the Henry Hudson Parkway, the Sawmill Parkway and the New York State Thruway. The Metro North Railway has a stop a short distance away and the Westchester County Bee Line Bus System runs nearby.

In addition, this property is located right next to the massive, three-project development plan in downtown Yonkers. The proposed project sites are the Teutonia Site, the Chicken Island Site and the North Broadway Site. Collectively, these sites will have approximately 3,556 residential rental units, approximately 84,000 square feet of street-level commercial uses (retail, restaurant), approximately 30,000 square feet of commercial office and/or medical office space and approximately 3,904 parking spaces.

Property Documents

Detail

  • Price: $2,499,999
  • Building Size: 12544 SF
  • Lot Size: 3850 SF
  • Year Built: 1927
  • Property Type: Mixed Use
  • Property Status: Sold
  • Property Tax Amount: $18,050
  • Block: 2018
  • Lot: 31
  • Zoning: A
  • Property Stories: 4
  • Residential Units: 16
  • Commercial Units: 3
  • Section: 2
  • Cap Rate: 7.6%
  • Address: 15 Locust Hill Avenue
  • City: Yonkers
  • Zip/Postal Code: 10701
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.