289 Warburton AveYonkers, NY 10701

For Sale
$1,775,000

Yonkers Land: 36-Unit Approved Project

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 12,500 square foot development site in Yonkers, New York, presents a lucrative investment opportunity. Located at 289 Warburton Avenue, the property boasts 100 feet of frontage on Warburton Avenue and an additional 25 feet on Woodworth Avenue, ensuring high visibility and convenient access. Fully approved for a 36-unit apartment building, this project eliminates lengthy approval processes and reduces development risk. The proposed building features a highly efficient electric design, aligning with current sustainability initiatives, and includes 36 on-site parking spaces across two levels. One affordable rental unit is incorporated, fulfilling city requirements and promoting community inclusivity. Tenants will be responsible for their own utilities. The building's rear units offer stunning Hudson River views, a significant draw for potential renters. Situated just 0.07 miles from the Metro North Station, the property benefits from excellent public transportation access. The site's location within a rapidly developing area, with at least six other new development projects nearby, further underscores its investment potential. Projected net annual income exceeds $840,000. Detailed building and site plans are available for review. This is a prime opportunity to capitalize on Yonkers' thriving real estate market. The property is zoned M (Manufacturing) and is located in Westchester County, NY, zip code 10701.

Highlights

  • 12,500 SF development site in Yonkers, NY, fully approved for a 36-unit apartment building.
  • 100' frontage on Warburton Ave and 25' on Woodworth Ave, providing high visibility and convenient access.
  • 36 on-site parking spaces across two levels, plus one affordable unit.
  • Highly efficient electric design, offering sustainability benefits and projected $840,000+ net annual income.
  • Excellent public transportation access (0.07 miles from Metro North), Hudson River views from rear units, and located in a rapidly developing area.

Location Insight

City
Yonkers
County
Westchester
State
New York
Latitude
40.94558686431
Longitude
-73.896997349965
289 Warburton Ave, Yonkers, New York

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289 Warburton Ave
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