Brick, 8-fam, Walkup Next to $500M Waterfront Development

31 Ravine Avenue, Yonkers, NY

$1,695,000

Price

7,124 sqft

Building Size

3,538 sqft

Lot Area

Overview
Building Size
7,124 sqft
Lot Area
3,538 sqft
Units
8
Description

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.

Highlights
  • Next to Extell's New $500MWaterfront Development
  • Double Digit Cash on Cash Return
  • 8 Res. Apartments All 5 Rooms as Per C/O
  • Additional Parking Possible With Rear Yard
  • All Brick Multi-Family Apartment Building

Location
Gallery