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Velocity Studios & Condo Development Base 15 School St 10,000 SF Industrial Building Yonkers, NY 10701 $3,950,000 ($395/SF)
Investment Highlights
- Opportunity for residential development and/or assemblage.
- Totally renovated for wide range of current uses.
- Truck entrances on both sides
Executive Summary
PRICE REDUCED BELOW $4M!! GET OUT OF NEW YORK CITY! - LESS THAN 2 MILES OUT! - REDUCE OVERHEAD NOW!
Here’s a great opportunity of obtain a profitable mutli-function property with the following unique advantages:
1. Two 5,000 s/f industrial strength floors with separate semi-tractor trailer entrances on opposite sides of the block for each floor.
2. Enough power for a DATA CENTER/SERVER HUB 1.8 miles north of New York City's boundary! 3-Phase 800 amp, in-house with two Con-Ed transformers on street poles.
3. Yonkers Zoning is DM-X: Develop up to 200’ of vertical floor space (+90,000 s/f)
4. New industrial gas line for HVAC: 7-ton and 12-ton rooftop units can cool a meat locker!
5. Currently used as two TV production studios, owner is amenable to purchaser acquiring film/video equipment for a negotiable sum
Seeking Residential Opportunities?
Consider a DM-X zoned residential "build-up" with parking on the two lower floors. Assuming 10' floor allowance, add 18 floors of 5 apartments each. totaling 90 units! Rented at market rates of $2,000/m = $2.16M/yr. plus income from the two warehouse floors for parking. This building is also key, center, block-through property for an entire block assemblage, providing high resale value if left as-is and sold as an anchor.
Recent developments by a hospital across the street, and the impending development of the “Chicken Island” block, 100’ to the north (next to City Hall), make this property is a very smart move.
Come see any time from 9 to 5 Monday through Saturday.
Here’s a great opportunity of obtain a profitable mutli-function property with the following unique advantages:
1. Two 5,000 s/f industrial strength floors with separate semi-tractor trailer entrances on opposite sides of the block for each floor.
2. Enough power for a DATA CENTER/SERVER HUB 1.8 miles north of New York City's boundary! 3-Phase 800 amp, in-house with two Con-Ed transformers on street poles.
3. Yonkers Zoning is DM-X: Develop up to 200’ of vertical floor space (+90,000 s/f)
4. New industrial gas line for HVAC: 7-ton and 12-ton rooftop units can cool a meat locker!
5. Currently used as two TV production studios, owner is amenable to purchaser acquiring film/video equipment for a negotiable sum
Seeking Residential Opportunities?
Consider a DM-X zoned residential "build-up" with parking on the two lower floors. Assuming 10' floor allowance, add 18 floors of 5 apartments each. totaling 90 units! Rented at market rates of $2,000/m = $2.16M/yr. plus income from the two warehouse floors for parking. This building is also key, center, block-through property for an entire block assemblage, providing high resale value if left as-is and sold as an anchor.
Recent developments by a hospital across the street, and the impending development of the “Chicken Island” block, 100’ to the north (next to City Hall), make this property is a very smart move.
Come see any time from 9 to 5 Monday through Saturday.
Property Facts
Amenities
- 24 Hour Access
- Atrium
- Conferencing Facility
- Cooler
- Floor Drains
- Front Loading
- Mezzanine
- Property Manager on Site
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- Reception
- Roof Terrace
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Velocity Media Studios
- Information
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Velocity Media Studios | Information | - | - | - |
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Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 1800-001-000-00482-000-0018 | Improvements Assessment | $11,500 |
| Land Assessment | $4,900 | Total Assessment | $16,400 |
Property Taxes
Parcel Number
1800-001-000-00482-000-0018
Land Assessment
$4,900
Improvements Assessment
$11,500
Total Assessment
$16,400
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Velocity Studios & Condo Development Base | 15 School St
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