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914 Old Nepperhan Ave 5,500 SF Retail Building Yonkers, NY 10703 $1,750,000 ($318.18/SF) 6.41% Cap Rate
Executive Summary
Located in the heart of Yonkers’ historic Nepperhan industrial corridor, 914 Old Nepperhan Avenue offers a prime opportunity for businesses seeking flexible industrial or commercial space in a rapidly evolving area. The Mixed-Use (Commercial / Residential) current use as an autobody repair and storage, "I" zoning allows for multiple commercial uses ranging from heavy industrial to restaurant use. The property has two buildings - the commercial building consisting of 3,500 sf and a 2,000 sf residential building consisting of two - 2 bedroom apartments.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,500 SF
Building Class
C
Year Built
1975
Price
$1,750,000
Price Per SF
$318.18
Cap Rate
6.41%
NOI
$112,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.53
Lot Size
0.24 AC
Zoning
I - Industrial
Frontage
37’ on Old Nepperhan Ave
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1800-002-000-02389-000-0007 | Improvements Assessment | $9,600 |
| Land Assessment | $7,400 | Total Assessment | $17,000 |
Property Taxes
Parcel Number
1800-002-000-02389-000-0007
Land Assessment
$7,400
Improvements Assessment
$9,600
Total Assessment
$17,000
Contacts
-
Sharon Creazzo -
Christian Dedvukaj -
Princeton Realty Group Commercial Real Estate
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914 Old Nepperhan Ave
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