359 BroadwayYonkers, NY 10705

Property Details for 359 Broadway

Year built

1965

Lot size

0.18 AC

Property size (Sq ft)

4,690 SF

Zone code

SB

Property type

Investment properties

Property subtype

Retail residential properties

APN

551800 1.-160-7.9

APU

551800116079

Description

This exceptional 1,620 square foot retail space is located at 359-363 South Broadway in Yonkers, NY, 10705. The property is a single-story building offering a prime location on a bustling commercial corridor. With over 12,000 vehicles passing daily, this space benefits from high visibility and significant vehicular traffic. The entire 1,620 square feet is currently vacant and available for lease, presenting a unique opportunity for a variety of retail businesses. The property's strategic location is further enhanced by its proximity to a diverse range of established businesses, including Walgreens, Family Dollar, Subway, Goloso Bakery, Silvio's Italian Restaurant, Snipes, and Chase Bank. This ensures a strong customer base and high foot traffic. Conveniently located on a major bus route, with three Yonkers bus lines stopping directly in front of the building, the property enjoys excellent public transportation access, further increasing its accessibility and appeal. Street parking is available for customers and employees. This retail space presents a compelling opportunity for businesses seeking a high-visibility location in a thriving commercial area of Yonkers.

• CAP approach

  CAP return

  Valuation

  6%

  $884,035

  6.5%

  $816,033

  7%

  $757,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $625,051

  Geo Method

  $625,051

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,597,040

  Retail / Commercial

  $818,952

  Hospitality / Lodging

  $598,697

  Office

  $811,185

  Institutional / Educational

  $848,345

  Residential Income

  $992,564

  Multifamily

  $1,190,430

  Automotive / Energy

  $727,153

  Parking / Income-Based Land

  $250,932

  Restaurant / Food Service

  $424,425

  Healthcare / Senior Housing

  $836,826

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9212

Longitude

-73.8964

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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