440 Nepperhan AveYonkers, NY 10701

Exceptional investment opportunity in Yonkers, NY! This 60,000 square foot multi-tenant industrial warehouse at 440 Nepperhan Ave offers significant upside potential. The property boasts nine rental units, currently generating $342,452.04 in annual gross rent, with potential to increase to $674,042.04 annually through lease-up of currently owner-occupied space. Situated on a prime site previously part of the Alexander Smith Carpet Mills complex, the building features a shared loading dock, internal lift, and is fully sprinklered. Zoned for heavy industrial use, it offers a mix of ceiling heights: 9 feet on the lower level and 14 feet or higher on the upper level. The building benefits from low annual taxes of $30,797. This is a two-story post and beam structure, presenting a compelling investment opportunity with an 8.50% cap rate and an asking price of $6,900,000. The property is located in Westchester County, NY, with easy access to major transportation routes. This is a rare chance to acquire a well-maintained, multi-tenant industrial building with substantial growth potential in a strong market. The sale includes the existing nine rental units. Two units are currently occupied by the owner and will be vacated upon sale. This property is offered as a net lease.