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281-283 S Broadway 3,840 SF 100% Leased Retail Building Yonkers, NY 10705 $1,549,000 ($403.39/SF)

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INVESTMENT HIGHLIGHTS

  • Storefront locations close to downtown, courthouses, and waterfront
  • Heavy foot traffic
  • New reno

EXECUTIVE SUMMARY

FOR SALE: Renovated Commercial Building with Two Retail Storefronts + Buildable Yard – Prime Location Near Downtown Yonkers
Now available — a fully renovated 3,840 sq ft commercial building in a high foot-traffic corridor of Yonkers, just minutes from Downtown, the Yonkers Metro-North Station, courthouses, and the vibrant Yonkers waterfront. This turn-key property includes two street-level retail storefronts, each with its own entrance and signage opportunities.
Positioned along major Bee-Line bus routes, this location offers outstanding public transportation access, ideal for businesses seeking visibility and customer convenience. The large buildable rear yard with separate street access provides additional value for outdoor use, expansion, or future development (subject to approvals).
Property Features:
Two retail storefronts with separate entrances and large display windows
Located in a high foot-traffic area with strong street presence
3,840 sq ft of fully renovated interior space
Buildable backyard with direct street access — rare in this corridor
Recent full renovation (5 years ago):
New electrical, plumbing, HVAC systems
Modern CCTV/security system
Transit & Location Benefits:
5 min to Yonkers Metro-North Station – 30 mins to Grand Central
Bee-Line bus routes run directly in front of the building
Near Yonkers courthouses – ideal for legal or professional offices
Minutes to the Yonkers waterfront, shopping, and dining
Surrounded by dense residential and commercial development
Financial Overview (Annual Estimates):
Property Taxes (incl. BID): ~$16,000
Insurance: ~$4,800
Utilities: ~$13,000
Maintenance: ~$5,000
Ideal For:
Retail | Café/Restaurant | Legal or Medical Office | Barbershop/Salon | Fitness or Wellness Studio | Art/Creative Space | Nonprofit | Mixed-Use Redevelopment

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $168,000 $43.75
Other Income - -
Vacancy Loss - -
Effective Gross Income $168,000 $43.75
Taxes - -
Operating Expenses - -
Total Expenses $38,936 $10.14
Net Operating Income $129,064 $33.61

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $168,000
Annual Per SF $43.75
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $168,000
Annual Per SF $43.75
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $38,936
Annual Per SF $10.14
Net Operating Income
Annual $129,064
Annual Per SF $33.61

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,840 SF
Building Class
C
Year Built/Renovated
1970/2020
Price
$1,549,000
Price Per SF
$403.39
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.11 AC
Zoning
BA
Frontage
37’ on S Broadway

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Affordable Bails New York
  • Services
  • -
  • -
  • -
  • Rubino Law Firm
  • Professional, Scientific, and Technical Services
  • 2,000 SF
  • -
  • -
  • The Hub Studios
  • Arts, Entertainment, and Recreation
  • 1,000 SF
  • -
  • -
  • Wilson Soto & Associates PC
  • Public Administration
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Affordable Bails New York Services - - -
Rubino Law Firm Professional, Scientific, and Technical Services 2,000 SF - -
The Hub Studios Arts, Entertainment, and Recreation 1,000 SF - -
Wilson Soto & Associates PC Public Administration - - -
Walk Score®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Johnny Rockets
Foodtown
Citizens Bank
Chase Bank
Webster Bank
Bank of America
Citi
The YMCA
ShopRite
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1800-001-000-00185-000-0041
Land Assessment
$10,600
Improvements Assessment
$5,000
Total Assessment
$15,600
  • Listing ID: 36344818

  • Date on Market: 6/21/2025

  • Last Updated:

  • Address: 281-283 S Broadway, Yonkers, NY 10705

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