925 Yonkers AveYonkers, NY 10704

Property Details for 925 Yonkers Ave

Year built

1967

Lot size

0.16 AC

Property size (Sq ft)

2,892 SF

Zone code

B

Property type

Investment properties

Property subtype

Live-work space

APN

551800 6.-6331-68.69

APU

551800663316869

Description

This exceptional 4,900 square foot industrial property located at 925 Yonkers Avenue in Yonkers, NY, presents a lucrative investment opportunity. Currently operating as a well-established business, this turnkey operation boasts significant monthly income averaging $25,000-$30,000, with expenses ranging from $12,000-$15,000. The asking price of $325,000 includes all functioning equipment, significantly reducing start-up costs. The property features 3,280 square feet of interior space and an additional 1,635 square feet of parking lot. Convenient amenities include a storage room and two bathrooms. The current lease has 7 years and 3 months remaining, with a renewable option. The building is equipped with five fully functional lifts and one alignment lift, all included in the sale. Valuable machinery is also part of the sale, including a tire machine ($16,000 value), balance machine ($8,000 value), welding machine ($1,000 value), inspection machine ($35,000 value), and AC machine ($4,000 value). The current monthly rent is $7,700, with water, heat, and taxes covered by the landlord. Labor costs include one worker at $3,200 per month and a second worker at 30% of labor costs. Additional monthly expenses include internet ($100), Con Edison ($400-$600), and garbage ($120). The property's versatility allows for potential conversion into a car wash or body shop, further enhancing its investment potential. This is a rare opportunity to acquire a profitable, established business with minimal overhead and significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $478,134

  6.5%

  $441,354

  7%

  $409,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $377,869

  Geo Method

  $377,869

• Alternative Use

  Use

  Valuation

  Residential

  $547,280

  Hospitality

  $501,305

  Educational

  $417,080

  Medical

  $431,424

  Retail

  $648,791

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9184

Longitude

-73.8594

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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