Address
85 Tibbetts Road Yonkers, NY
Price
$ 1,849,000
Property Attributes
- MLS#H6072539
- TypeCommercial
- CountyWESTCHESTER
- CityYonkers
- AreaYonkers
- NeighborhoodYonkers
- Zip10705
- StyleMixed Use
- Year Built1967
- Taxes20349
- Price$ 1,849,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Listing Provided Courtesy Of:
Laura Damore with Century 21 Marciano
Property Description
Brick four family, three store mixed use property just off McClean Avenue. The four apartments each offer an eat in kitchen, living room, two bedrooms, one full bath, hardwood floors and plenty of closet space. The three stores are equally divided and offer two long term tenants and one storefront on a month to month basis. This storefront is being marketed for rent simultaneously with the sale for $2500.00 per month and may have a new tenant prior to closing. Also perfect for an owner occupied business owner. The current rent roll $164k. The expenses including taxes, insurance, heat, water, electric approximately 42k per year. Currently a 6.1 CAP, but plenty of room to improve to over 7.1 CAP immediately. Owner is considering raising rents and securing all leases prior to sale to help the mortgage process. Three apartment rents can be increased by a minimum of $500-$600 per month each, currently under market. Paper street parking on the side of the building for the 2 stores
| Price History | |
|---|---|
| 9/24/2020 | Listed $1,995,000 |
| 11/9/2020 | 8% - $1,849,000 |
General Features
| Buildingareaunits | Square Feet |
|---|---|
| Construction Materials | Brick, Frame |
| Cooling | None |
| Elementary School District | Yonkers |
| Heating | Natural Gas, Hot Water |
| High School District | Yonkers |
| Middle/Junior School District | Yonkers |
| Property SubType | Mixed Use |
| Property Type | Commercial Sale |
| Tax Annual Amount | 20349.00 |
| Total Units | 7 |
| Village | None |
| Zoning Description | BA |
Exterior Features
| Lot Size Units | Acres |
|---|---|
| Number of Buildings | 1 |
| Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 10705
Price
Taxes
Visits
Year Built
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