Fully renovated and functional Film/TV Studio, with two 5,000 s/f floors, each with street access and floor strength to support all zoned and useful applications including, manufacturing, light industrial, retail, shipping, parking, storage and fine arts. Special (DM-X) zoning may allow up to 200' of residential development above structure. Current owner-user has completed extensive renovations including new roof, 2-A/C units, new boiler, upgraded industrial electric, septic and sump pump, lavatories and offices. Owner is amenable to purchaser acquiring film/video equipment for a negotiable sum. Listed CAP RATE was calculated on the basis of purchaser's yearly rental of the studio with electricity and/or equipment as ala-carte add-ons (not included). The current daily fee is $2500, and is annualized as follows: 7 day week is reduced to 4 days; weeks-per-year is reduced to 50; max gross income = $560,000/year/ A significantly lower CAP RATE would be derived if the studio is reduced to an appropriate quality warehouse at $20/sf to yield a CAP RATE of 4. This low rate may be offset by the Yonkers DM-X zone privileges which allow up to 200' of vertical expansion for housing, which would yield significant capital gains by residential leasing or sale.