Mixed-use building, New York state, USA

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Mixed-use building, New York state, USA

$1,025,000
$2,530 /m²
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  • Total area
    405 m²
  • Yield
    6.3%
  • Built in 
    1960
Details
Property parameters
  • Land area: 283 m²
  • Number of parking lots: 4
  • 3-floor building
Financial performance
  • Annual income: $64,451

Fully let mixed-use building with retail and residential units in the Yonkers area.

Description

The three-story building includes 4 apartments and a retail unit on the ground floor leased to a store.

There is a covered parking for 4 cars.

The owners recently updated all 4 apartments, installed separate boilers and hot water heaters for each unit, and completed exterior improvements including replacing windows, painting the exterior, and paving the parking lot. All tenants are individually metered and pay their own electric, heat, and hot water.

Location and nearby infrastructure

The property is in the Yonkers area, New York state, on one of the avenues where six bus routes run and within a 5-minute walk to another nine routes. There is a large hospital, several schools, a nursing home, a pharmacy, a supermarket and several restaurants located nearby.

Yonkers is a suburb of New York, located directly north of the Bronx and about 3 kilometers north of Manhattan. In the business part there are many commercial and non-profit organizations serving both the city itself and the northwest Bronx.

New York is one of the most famous cities in the world, where financial institutions, numerous historical and cultural attractions, museums, shops, theaters are concentrated.

New York is chosen to host its headquarters for organizations like Citigroup, J. P. Morgan Chase & Co., American International Group, Goldman Sachs Group, Morgan Stanley, Merrill Lynch, etc.

In the city there are such exchanges as the New York Stock Exchange, NASDAQ, the American Stock Exchange, the New York Commodity Exchange. The New York financial industry focuses on Wall Street in lower Manhattan.

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