975 McLean Ave - Apartments FOR SALE


Yonkers, NY 10704- Southeast Yonkers
$1,999,999 USD
914-629-7649
975 McLean Ave, Yonkers, NY for Sale
$1,999,999 USD
Apartments - FOR SALE
1/20
null | 6.3% Cap Rate

975 McLean Ave
Yonkers, NY 10704
Southeast Yonkers


OVERVIEW

Terrific opportunity to acquire an exceptional mixed-use 7 unit brick building, nestled away in the McLean Heights vicinity of Yonkers, just 25 minutes north of Manhattan. This income-producing property offers an attractive combination of strong cash flow, stability, and future upside potential. The property consists of (2) fully leased commercial storefronts on prime McLean Avenue and (5) residential apartments consisting of (4) - 2 bedroom units and (1) -one bedroom unit, which are accessible at the rear of the property on St Barnabas Place. Generating approximately $194,100 in annual gross income, this property presents a compelling return and an excellent addition to any investment portfolio. Located in a vibrant neighborhood with strong rental demand, the building benefits from exceptional visibility, heavy foot traffic, and convenient access to public transportation, including buses and Metro-North, as well as nearby shopping, restaurants, and major thoroughfares. This brick beauty has been meticulously maintained and offers a truly turnkey investment opportunity. Recent capital improvements include a new roof, updated sewer lines, new gas boiler and hot water heaters, and a new electrical service distribution system, minimizing future maintenance concerns and enhancing long-term value. With solid in-place income, a prime location, and potential for future rental growth, this is a rare opportunity to own a marquee mixed-use property in one of Yonkers' strongest rental and commercial markets. Don't miss the chance to invest in a high-performing asset with both stability and upside potential.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$183 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,714

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

B

APN/PARCEL ID

1800-006-000-06242-000-0002

ASK ABOUT THIS PROPERTY

Kieran DwyerDouble C RealtyMore Info
914-629-7649

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Kieran DwyerDouble C RealtyMore Info
914-629-7649

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