416 Riverdale Ave - Freestanding FOR SALE


Yonkers, NY 10705- Ludlow
$2,000,000 USD
917-539-0402
416 Riverdale Ave, Yonkers, NY for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/21
null | Request Cap Rate

NEW


416 Riverdale Ave
Yonkers, NY 10705
Ludlow


OVERVIEW

416 Riverdale Avenue offers a rare development opportunity on a 10,700-square-foot vacant corner lot at the signalized intersection of Riverdale Avenue and Radford Street. Featuring 107 feet of prime frontage along a primary north-south arterial, the site mirrors the visibility of nearby national retailers. Crucially, the property has completed environmental remediation and holds a 'No Further Action' (NFA) Letter from the NYS DEC. Zoned BR (Restricted Business) with a Floor Area Ratio (FAR) of 1.25, the site allows a maximum buildable area of 13,375 square feet. This zoning supports essential services, positioning the asset for medical office or retail development where prime street-frontage rents reach $35 per square foot. With a lack of modern Class A space in South Yonkers, the site enables new construction specifications that outperform the retrofit limitations of adjacent vintage inventory. 416 Riverdale Avenue offers a shovel-ready project in a revitalizing corridor anchored by the Ludlow Transit Village initiative and the College of Mount Saint Vincent. The property combines high-traffic visibility with a simple site footprint, capitalizing on demand from a dense population of over 40,000 residents.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$1,338 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Yonkers Corner Commercial Lot (107 x 100)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

BR

APN/PARCEL ID

1800-001-000-00132-000-0023-26

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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