127-131 Highland Ave 8 Unit Apartment Building $2,750,000 ($343,750/Unit) 7.22% Cap Rate Yonkers, NY 10705

127–131 Highland Avenue – Fully Renovated Free-Market 8-Unit with Bonus Land
This all-brick, turnkey property is a rare investment opportunity offering 7 apartments plus a retail store — all fully renovated and stabilized with long-term tenants in place.
Each unit features separate boilers and utilities, meaning tenants cover their own expenses while the landlord is only responsible for water. Although the building presents as a single structure, it is legally configured as three separate properties (a two-family, a three-family, and a mixed-use two-family with store) — each with its own deed and tax lot. Adding further value, the sale includes a bonus parcel of land at 114 Stanley Avenue, currently used by tenants as a private outdoor space.
This parcel offers future development potential or continued use as a yard. With its solid brick construction, full renovations, and prime free-market status, 127–131 Highland Avenue offers both immediate cash flow and long-term upside in one of Yonkers’ most sought-after investment corridors.