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702 Saw Mill River rd 3 Unit Apartment Building $2,620,000 ($873,333/Unit) 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 | Building Class | C |
| Price Per Unit | $873,333 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.56/1,000 SF |
| 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 |
| Property Subtype | Apartment |
| 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 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 5400-059-014-00001-000-0018 | Improvements Assessment | $18,650 |
| Land Assessment | $1,450 | Total Assessment | $20,100 |
Property Taxes
Parcel Number
5400-059-014-00001-000-0018
Land Assessment
$1,450
Improvements Assessment
$18,650
Total Assessment
$20,100
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Contact the Sale Advisor
702 Saw Mill River rd