702 Saw Mill River RdYorktown Heights, NY 10598

For Sale
$2,343,000

Three-unit multifamily, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents three brand-new, fully leased townhouses situated on a nearly one-acre lot at 702 Saw Mill River Road in Yorktown Heights, New York. Built in 2024, this two-story apartment building boasts a desirable location in southern Yorktown, offering a tranquil setting adjacent to the Yorktown Heights Rail Trail and across from the New Croton Reservoir and Kitchawan Preserve. The property includes a six-bay garage, further enhancing its appeal and rental income potential. With a strong net operating income (NOI) of $140,600 and an attractive cap rate of 6.00%, this property represents a compelling investment. The asking price is $2,343,000, translating to $781,000 per unit. Conveniently located within a five-minute drive of downtown Yorktown Heights, the IBM Research Center, Mohansic Golf Course, and Locke Ledge Country Club, this property offers both strong investment potential and a desirable lifestyle location. The property is zoned CC. This is a rare opportunity to acquire a high-quality, newly constructed multifamily property in a prime Westchester County location.

Highlights

  • $2,343,000 asking price for a three-unit apartment building.
  • 6.00% cap rate with a $140,600 net operating income (NOI).
  • Three units, priced at $781,000 per unit.
  • Newly constructed (2024) two-story building on a one-acre lot in Yorktown Heights, NY.
  • Located at 702 Saw Mill River Rd, Yorktown Heights, NY 10598, with CC zoning.

Property Details for 702 Saw Mill River Rd

Property type
Multifamily properties, Apartment buildings
Year Built
2024
Buildings
1
Stories
2
Lot Size (sq. ft)
43,560 SF
Units
3

Location Insight

City
Yorktown Heights
County
Westchester
State
New York
Latitude
41.233218974136
Longitude
-73.782304418923
702 Saw Mill River Rd, Yorktown Heights, New York

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702 Saw Mill River Rd
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