Yonkers Portfolio Multi-Family FOR SALE


Yonkers, NY - Downtown Yonkers
$12,300,000 USD
201-615-8557
, Yonkers, NY for Sale
$12,300,000 USD
Multi-Family - FOR SALE
1/2
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Yonkers Portfolio
Yonkers, NY
Downtown Yonkers


HIGHLIGHTS

  • Rare value-add loft portfolio in Downtown Yonkers
  • Authentic loft product with strong tenant appeal
  • Located in historic, character-rich buildings
  • Positioned in a growing downtown submarket
  • 3 blocks to Metro North and under 30 minutes to Grand Central

OVERVIEW

Lee & Associates NYC is pleased to present exclusively for sale two mixed-use buildings located at 2 Mill Street and 12-14 North Broadway, Yonkers, NY 10701 (the “Properties” or the “Portfolio”). Located in the historic Statesman and McCann buildings, SOYO Lofts consists of 25 residential lofts, as well as ground floor commercial space. The structure dates to about 1914 and has been converted to loft style apartments with high ceilings, large windows, in unit laundry, tenant controlled HVAC, and access to shared amenities such as a lounge, conference area, and fitness room. Mercantile Lofts at 12–14 North Broadway is a mixed-use loft conversion of a former commercial building originally built around 1965. The property contains approximately eight residential loft units above a ground floor commercial component. Both properties are currently operating below market rents, presenting a clear opportunity to drive revenue through strategic rent increases, improved revenue management, and targeted unit upgrades. The oversized unit layouts, particularly at North Broadway, provide additional upside through reconfiguration and optimization of bedroom counts. At the same time, the Portfolio benefits from stable, in-place cash flow, offering a balanced profile of current income and future growth. Overall, the Portfolio represents a compelling opportunity to acquire well-located assets in a rapidly growing commuter market with direct access to New York City and meaningful potential for revenue growth.

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Chris VarjanLee & AssociatesMore Info
201-615-8557

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Chris VarjanLee & AssociatesMore Info
201-615-8557

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