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Executive Summary

This offering presents an opportunity for investors and residential developers seeking a well-sized parcel in a multifamily residential zoning district. The property’s M zoning permits single-family homes, two-family homes and apartment houses, with additional residential and institutional uses available subject to applicable requirements. Although the existing residence may support a limited home occupation, the property is not zoned for conversion into a conventional stand-alone office, medical practice or contractor’s operating facility without further zoning relief and City approval. All redevelopment potential should be independently verified with the City of Yonkers.

Property Facts

Price $746,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 0.18 AC
Zoning M - The M District is designated for Apartment Houses, Medium Density. Based on Yonkers Table 43-2.

1 Lot Available

Lot

Price $746,000
Price Per AC $4,144,444.44
Lot Size 0.18 AC

+/- 8,000 SF Rectangular gentle sloping lot.

Description

9 New Place is currently a demolition-ready detached single-family residence situated on an approximately 8,000-square-foot parcel in Yonkers, New York. The existing structure is approximately 1,620 square feet for potential redevelopment. The property is located in the City of Yonkers M District—Apartment Houses, Medium Density—providing flexibility for several residential development concepts, subject to municipal approvals.

Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
60/100
  • Listing ID: 42038612

  • Date on Market: 9/3/2026

  • Last Updated:

  • Address: 9 New Pl, Yonkers, NY 10704

Contact the Sale Advisor

9 New Pl - p New Place Yonkers NY

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