10.26% Cap Rate Yonkers Corner 5 Family 2 Stores FREE MARKET
$1,725,000
156 Palisade Ave, Yonkers, NY 10701, USA, Yonkers, NY 10701
For Sale
Mixed Use
Residential/Retail
Active
Last Updated: 07/23/2025
10.26
Cap Rate
177,008
NOI
Details:
Cap Rate: 10.26%
NOI: $177,008
Building Size: 5,725 sqft
Lot Area: 3,600 sqft
Occupancy: 85%
Units: 7
Year Built: 1891
Price Per Sqft: $301
Price Per Unit: $246,428
Floors: 3
Parking Spots: 1
Gross Leaseable Area: 5,700
Description:
The subject property is a desirable corner 3-story mixed-use building consisting of 5 free-market residential units and 2 retail units (a Deli and a Salon). It also has a 2-car garage and billboard signage. Located in the Locust Hill neighborhood of Yonkers, it offers easy access to public transportation, local amenities, and Downtown Yonkers shopping areas. Building size 5,725 square feet.
Documents:
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1-Lichtenstein-_Mixed-Use_Investement-_156_Palisade_Aven_Yonkers_NY.pdf
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Location
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