The subject property is a brick, eight family, walk-up apartment building located in Yonkers, NY on the southwest corner of Ravine Avenue and Union Place. All of the apartments consist of five rooms. Apartment 2N has been renovated with re-finished hardwood floors and stainless steel appliances. Features include: renovated ceramic lobby, security cameras, oil boiler with new above ground tank, a silver-coat rubber roof in great condition, etc... The Yonkers IDA has just approved $21M tax break for Extell's $500M Riverfront Development which will be situated a stones throw away from the subject property. Extell's current plans includes 1,395 Residential Apartments and 48,000 Square Feet of Commercial Space. The Glenwood and Yonkers Metro North Stations are both within walking distance.