15 School St - Warehouse FOR SALE


Yonkers, NY 10701- Nodine Hill
$4,499,000 USD
914-693-5476
15 School St, Yonkers, NY for Sale
$4,499,000 USD
Warehouse - FOR SALE
1/27
null | Request Cap Rate

15 School St
Yonkers, NY 10701
Nodine Hill


HIGHLIGHTS

  • Opportunity for residential development and/or assemblage.
  • Truck entrances on both sides
  • Totally renovated for wide range of current uses.

OVERVIEW

Here’s a great opportunity of obtain a profitable mutli-function property with the following unique advantages: 1. Two 5,000 s/f industrial strength floors with separate semi-tractor trailer entrances on opposite sides of the block for each floor. 2. Enough power for a DATA CENTER/SERVER HUB close to NYC! 3-Phase 800 amp, in-house with two Con-Ed transformers on street poles. 3. Yonkers Zoning is DM-X: Develop up to 200’ of vertical floor space (+90,000 s/f) 4. New industrial gas line for HVAC: 7-ton and 12-ton rooftop units can cool a meat locker! 5. Currently used as two TV production studios, owner is amenable to purchaser acquiring film/video equipment for a negotiable sum Seeking Residential Opportunities? Consider a DM-X zoned residential "build-up" with parking on the two lower floors. Assuming 10' floor allowance, add 18 floors of 5 apartments each. totaling 90 units! Rented at market rates of $2,000/m = $2.16M/yr. plus income from the two warehouse floors for parking. This building is also key, center, block-through property for an entire block assemblage, providing high resale value if left as-is and sold as an anchor. Recent developments by a hospital across the street, and the impending development of the “Chicken Island” block, 100’ to the north (next to City Hall), make this property is a very smart move. Come see any time from 9 to 5 Monday through Saturday.

FOR SALE DETAILS

PRICE

$4,499,000 USD

PRICE/SF

$450 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Velocity Studios & Condo Development Base

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - City, Sewer - City, Heating

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11

LAND SF

4,992

ZONING

DM-X

APN/PARCEL ID

1800-001-000-00482-000-0018

ASK ABOUT THIS PROPERTY

George AvgerakisColdwell Banker Commercial NRTMore Info
914-693-5476

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George AvgerakisColdwell Banker Commercial NRTMore Info
914-693-5476

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