702 Saw Mill River RdYorktown Heights, NY 10598

Property Details for 702 Saw Mill River Rd

Year built

2024

Lot size

1.00 AC

Property type

Apartment buildings

Description

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.

Location Insight

City

Yorktown Heights

County

Westchester

State

New York

Latitude

41.2332

Longitude

-73.7823

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