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702 Saw Mill River rd 3 Unit Apartment Building Offered at $2,620,000 at a 6% Cap Rate Yorktown Heights, NY 10598
EXECUTIVE SUMMARY
Academic co-Realty Services is pleased to represent the sale of Ricciardella Estates, at 702 Saw Mill River Road (State Route 118) in Yorktown Heights, New York. Located in southern Yorktown, the property measures just under one acre, with three new townhouses and a 6-bay garage fully leased. The property complements an existing five-unit townhouse complex next door at 714 Saw Mill River Road, currently off-market. The three new units yield a NOI of $157,200. The area provides a tranquil environment in the heart of Westchester County, set across the New Croton Reservoir from the Kitchawan Preserve, and the property abuts the scenic Yorktown Heights Rail Trail. All within five minutes drive of Downtown Yorktown Heights, the IBM Research Center, Mohansic Golf Course, and Locke Ledge Country Club.
PROPERTY FACTS
| Price | $2,620,000 | Lot Size | 1.00 AC |
| Price Per Unit | $873,333 | Building Size | 3,600 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6% | No. Stories | 2 |
| No. Units | 3 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 0.56/1,000 SF |
| Building Class | C | ||
| Zoning | CC - Country Commercial | ||
| Price | $2,620,000 |
| Price Per Unit | $873,333 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | CC - Country Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 3 | - | - |
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Academic Co-Realty Services
702 Saw Mill River rd
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