32 Van Cortlandt Ave - Apartments FOR SALE


Yonkers, NY 10701- Nodine Hill
$2,575,000 USD
347-707-3743
32 Van Cortlandt Ave, Yonkers, NY for Sale
$2,575,000 USD
Apartments - FOR SALE
1/5
null | 8.01% Cap Rate

32 Van Cortlandt Ave
Yonkers, NY 10701
Nodine Hill


OVERVIEW

7-Unit Income Property + Development Lot | Garage & Parking Income | Yonkers, NY Rare opportunity to acquire a 7-unit multifamily building with an additional buildable lot, both sold together, in a prime Yonkers location near Van Cortlandt Park. 28–32 Van Cortlandt Park Ave offers scale, income, and future upside in one package. The property features seven large residential units, including a bonus superintendent unit—ideal for a handyman, live-in super, or value-add conversion. Units are spacious and well-laid-out, appealing to long-term tenants and strong rental demand. Three-car garage plus additional parking provide separate income potential, a major value driver in this high-density area. The sale includes a separate adjacent lot measuring an additional 3,485 sq ft, bringing total lot size to approx. 6,970 sq ft. This extra lot significantly enhances the property’s long-term value, offering potential for future development, expansion, outdoor amenities, or resale upside (buyer to verify with municipality). Properties with this level of land flexibility are extremely rare in Yonkers. Key Highlights: 7 large residential units Bonus superintendent/handyman unit 3-car garage + parking income Separate adjacent lot included (3,485 sq ft) Total combined lot size approx. 6,970 sq ft Strong rental demand location near Van Cortlandt Park Building and lot sold together – no separation This is a high-upside multifamily investment offering immediate income, parking revenue, and long-term development potential—perfect for investors looking to scale their portfolio with a value-add component.

FOR SALE DETAILS

PRICE

$2,575,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

13

PRICE/UNIT

$198,077

CAP RATE

8.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

28-32 Van Cortlandt Park Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1993

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

M

APN/PARCEL ID

1800-001-000-00436-000-0041

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.