127-131 Highland Ave - Apartments FOR SALE


Yonkers, NY 10705- Downtown Yonkers
$2,900,000 USD
347-707-3743
127-131 Highland Ave, Yonkers, NY for Sale
$2,900,000 USD
Apartments - FOR SALE
1/13
null | 6.85% Cap Rate

127-131 Highland Ave
Yonkers, NY 10705
Downtown Yonkers


OVERVIEW

127–131 Highland Avenue – Fully Renovated Free-Market 8-Unit with Bonus Land This all-brick, turnkey property is a rare investment opportunity offering 7 apartments plus a retail store — all fully renovated and stabilized with long-term tenants in place. Each unit features separate boilers and utilities, meaning tenants cover their own expenses while the landlord is only responsible for water. Although the building presents as a single structure, it is legally configured as three separate properties (a two-family, a three-family, and a mixed-use two-family with store) — each with its own deed and tax lot. Adding further value, the sale includes a bonus parcel of land at 114 Stanley Avenue, currently used by tenants as a private outdoor space. This parcel offers future development potential or continued use as a yard. With its solid brick construction, full renovations, and prime free-market status, 127–131 Highland Avenue offers both immediate cash flow and long-term upside in one of Yonkers’ most sought-after investment corridors.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

8

PRICE/UNIT

$362,500

CAP RATE

6.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

A

APN/PARCEL ID

1800-001-000-00184-000-0065,1800-001-000-00184-000-0066,1800-001-000-00184-000-0067

ASK ABOUT THIS PROPERTY

Avi YosopovYoso PropertiesMore Info
347-707-3743

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Avi YosopovYoso PropertiesMore Info
347-707-3743

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.