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For SaleMulti FamilyMLS KEY980060

17 Chestnut Street

Yonkers, NY · Westchester County
Listed by
Realmart Realty LLC
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
6,078 SF
Site
0.11 acres
Price / SF
$205
NOI
$167,000
Year built
1925

The offering

Exceptional Investment Opportunity – Fully Renovated 4-Family Corner Building in Yonkers

Don't miss this rare chance to own a high-yield, income-producing property in a quiet corner of Yonkers. This well-maintained 4-family building features a unique and flexible layout:

(1) One-Bedroom Apartment – $2,000/month

(1) Three-Bedroom Apartment – $2,926/month

(2) Four-Bedroom Apartments – $2,000 and $3,000/month

Each unit includes 1 full bathroom

Additional Income Streams:

Storefront (currently used as storage): $850/month

Two Large 3-Car Garages (used as warehouse): $500/month, $650/month

Total: $11,926/month

Financial Highlights:

Total Gross Annual Income: $143,000 (current)

Low Property Taxes: Only $15,633 for 2024

Utilities: Tenants pay for their own heat and gas, minimizing owner expenses

Property Highlights:

Fully renovated in 2018

Well-maintained throughout

Strong rental income and high demand in the area

Opportunities like this are hard to come by in today’s market—ideal for investors seeking reliable cash flow with minimal overhead.

Building & site

Interest conveyedFee simple
Gross building area6,078 SF
Building typeMulti Family
Property typeMulti Family
Year built1925
Land area0.11 acres
Land area, SF4,792 SF
WaterPublic
SewerPublic Sewer
HeatRadiant
Tax parcel5518001.-472-41
Parking spaces6
Electric utilityCon-Edison

Income & tenancy

Gross income (as reported)
$167,000

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2024 taxes$15,633
Assessed value$10,000
Land assessment$4,000
Full market value$561,800
Owner of recordEverfusion Realty LLC
School districtYonkers
Property class411 · Walk-up apt

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

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