18 Main StYonkers, NY 10701

Property Details for 18 Main St

Year built

1900

Lot size

0.08 AC

Property size (Sq ft)

3,741 SF

Zone code

D-MX

Property type

Investment properties

Property subtype

Retail residential properties

APN

551800 1.-500-5

APU

55180015005

Description

This exceptional redevelopment opportunity presents three buildings totaling 8,571 square feet situated on three separate tax parcels at the high-traffic intersection of Main Street and Warburton Avenue in Yonkers, NY. The property boasts a prominent location diagonally across from a large new residential development (358,000 square feet, 489 apartments, 31,000 square feet of retail). Enjoy captivating Hudson River views, and proximity to Yonkers City Hall and Saint Joseph's Medical Center. The site benefits from its high visibility and pedestrian traffic, as well as convenient access to the Buena Vista parking garage (24/7 parking and security). Commuters will appreciate the nearby Yonkers Metro Station, providing access to the Hudson Metro North Line and Amtrak, with a 30-minute train ride to Grand Central Terminal. The property is zoned DMX, allowing for a substantial buildable area of 85,710 square feet with a 100-foot height as of right. This mixed-use investment presents significant potential for redevelopment in a vibrant and convenient location. The property is currently offered without an asking price, and offers are being accepted.

• CAP approach

  CAP return

  Valuation

  6%

  $766,939

  6.5%

  $707,944

  7%

  $657,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $757,639

  Geo Method

  $757,639

• Alternative Use

  Use

  Valuation

  Residential

  $707,944

  Hospitality

  $648,472

  Educational

  $539,522

  Medical

  $558,076

  Retail

  $839,256

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9341

Longitude

-73.8992

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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