245 247 251 & 253Yonkers, NY 10705

For Sale
$2,850,000

Four-unit multi-tenant office complex.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional redevelopment opportunity presents a portfolio of four buildings totaling 11,520 square feet situated on a prominent 130-foot frontage along South Broadway in Yonkers, New York. Currently operating at 100% occupancy with four separate tenants, the property offers immediate cash flow. Two leases are month-to-month, while two others extend to June 2026 and December 2028, providing a blend of short-term and long-term income streams. The buildings are zoned BR, allowing for a wide range of commercial uses including schools, restaurants, banks, medical offices, and theaters (refer to attached zoning documents for complete details on permitted and special permitted uses). This prime location in downtown Yonkers presents a unique chance to capitalize on a thriving commercial area. The asking price is $2,850,000, and the property is offered as a Net Net Net (NNN) lease. The buildings are individually addressed as 245, 247, 251, and 253 South Broadway, Yonkers, NY 10705, with SBL#s 1-208-11, 13, & 15. Residential use is not permitted in this zone. This is a first-time offering for sale.

Highlights

  • $2,850,000 asking price.
  • 11,520 square foot office and retail property in Yonkers, NY.
  • Four separate units, currently 100% occupied by four tenants.
  • NNN lease type with a mix of month-to-month and longer-term leases.
  • Redevelopment opportunity in a BR-zoned area allowing for various commercial uses, including medical, retail, and office.

Property Details for 245 247 251 & 253

Property type
Other retail properties, Individual retail properties
Square Feet
11,520 SF
Buildings
4
Units
4

Location Insight

City
Yonkers
County
Westchester
State
New York
Latitude
40.925576332619
Longitude
-73.895545413441
245 247 251 & 253, Yonkers, New York

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245 247 251 & 253
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