For SaleMixed UseMLS KEY1051862

880 Midland Avenue

Yonkers, NY · Westchester County

Listed by

E Realty International Corp

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

3,201 SF

Price / SF

$391

Going-in cap

6.00%

NOI

$98,400

Year built

1927

The offering

Excellent investment opportunity in Yonkers! This detached 3-story mixed-use property features two spacious residential units plus one commercial storefront, offering multiple income streams in one property. Each residential unit offers 3 bedrooms and 1 full bathroom. The building contains approximately 3,201 SF, including approximately 2,133 SF of residential space and 1,066 SF of commercial space, plus a nice fenced backyard.

Conveniently located near major shopping, dining, transportation, and everyday amenities. Approximately 5 minutes by car to Empire City Casino, and close to Macy’s and the Cross County shopping district. Easy access to major highways and approximately 30 minutes to downtown Flushing Queens by car.

The property is currently occupied by stable tenants, providing an attractive income-producing opportunity for investors. With a desirable mixed-use configuration, convenient location, and strong surrounding commercial amenities, this property offers excellent potential for long-term investment, rental income, and future appreciation.

Building & site

Interest conveyedFee simple

Gross building area3,201 SF

Building typeMixed Use

Property typeMixed Use

Year built1927

WaterPublic

SewerPublic Sewer

HeatNatural Gas

Clear height9 ft

Usable area1,066 SF

Electric utilityCon-Edison

Income & tenancy

Gross income (as reported)

$98,400

Going-in cap

6.00%

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

Aerial imagery over the property's mapped location, with the tax parcels around it from the county roll. Which of them is the property has not been confirmed, so none is singled out. Nothing here is a survey.

Asking price

$1,250,000

$391 / SF