Palisade Ave 2 Multifamily Properties Offered at $3,290,000 in Yonkers, NY

Rand Commercial is pleased to present the exclusive offering of 43 & 45 Palisade Avenue, a two-building mixed-use assemblage located in the City of Yonkers, Westchester County, New York. Zoned BR (Restricted Business) District, the assemblage presents a rare opportunity for an investor seeking stable, diversified in-place income, or for a developer seeking a combined, contiguous parcel in a dense, transit-served neighborhood close to Downtown Yonkers and the Metro-North Yonkers Station. The offering combines two four-story, mixed-use walk-up buildings totaling approximately 16,076 square feet on a combined lot of approximately 0.33 +/- acres. Together, the buildings deliver 1 ground-floor retail unit and 9 residential apartments, producing a combined Net Operating Income of $137,708 on total gross income of $199,452.
Palisade offers 1 retail space and two apartments while 45 Palisade offer two retail spaces and 7 apartments. Offering memorandum in file.