$ 1,775,000
289 Warburton AVE Yonkers, NY 10701
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$ 1,775,000
Est. payment | /mo
0.27 Acres Lot
$ 1,775,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID KEYH6314116
Originating Board onekey2
Rental Info No
Annual Tax Amount $9,000
Lot Size 0.270 Acres
Acres 0.27
Property Description
This is your chance to get in on the Yonkers development BOOM!
Location: The lot has a prime location with 100 feet on Warburton Ave and an additional 25 feet on Woodworth Ave, providing convenient access and potentially enhancing attractiveness.
Approval and Development: The site is fully approved for a 36-unit apartment building, which streamlines the development process and reduces uncertainty for investors. Proforma of over $840,000 per year net income!
Building Features: The planned building will be high efficiency, running on electric power, which aligns with modern sustainability trends. Tenants will be responsible for paying their own utilities.
Parking: The property offers two levels of on-site parking, totaling 36 spaces. Sufficient parking is a crucial factor for urban developments and can add substantial value.
Affordable Housing: The inclusion of one affordable rental unit, as required by the City of Yonkers, not only meets regulatory requirements but also supports community inclusivity.
Proximity to Transit: With a distance of only 0.07 miles to the Metro North Station, the site offers excellent access to public transportation, appealing to commuters and enhancing the property's marketability.
View and Surroundings: Apartments at the rear of the building will boast views of the Hudson River, which can be a major renting point for potential tenants seeking attractive living environments.
Development Potential: The presence of at least six other new development sites in the area underscores Yonkers' growth and the attractiveness of investing in this location.
Don't miss your chance. Building and site plans available to view.
Location: The lot has a prime location with 100 feet on Warburton Ave and an additional 25 feet on Woodworth Ave, providing convenient access and potentially enhancing attractiveness.
Approval and Development: The site is fully approved for a 36-unit apartment building, which streamlines the development process and reduces uncertainty for investors. Proforma of over $840,000 per year net income!
Building Features: The planned building will be high efficiency, running on electric power, which aligns with modern sustainability trends. Tenants will be responsible for paying their own utilities.
Parking: The property offers two levels of on-site parking, totaling 36 spaces. Sufficient parking is a crucial factor for urban developments and can add substantial value.
Affordable Housing: The inclusion of one affordable rental unit, as required by the City of Yonkers, not only meets regulatory requirements but also supports community inclusivity.
Proximity to Transit: With a distance of only 0.07 miles to the Metro North Station, the site offers excellent access to public transportation, appealing to commuters and enhancing the property's marketability.
View and Surroundings: Apartments at the rear of the building will boast views of the Hudson River, which can be a major renting point for potential tenants seeking attractive living environments.
Development Potential: The presence of at least six other new development sites in the area underscores Yonkers' growth and the attractiveness of investing in this location.
Don't miss your chance. Building and site plans available to view.
Location
State NY
County Westchester County
Interior
Fireplace No
Exterior
Fence Fenced
Utilities Available Trash Collection Public
View Water
Building
Lot Description Level, Rolling Slope, Views, Part Wooded
Sewer Public Sewer
Water Public
Schools
Elementary Schools Yonkers Early Childhood Academy
Middle Schools Yonkers Middle School
High Schools Yonkers High School
School District Yonkers
Others
Senior Community No
Special Listing Condition Real Estate Owned
Listed by Houlihan Lawrence Inc.