636 S Broadway
10705
YonkersAsking price
$5,925,000
$40 / ft²Frank Rao
Request to be contacted by Frank Rao
Development opportunity in Yonkers, NY
This family home property is located at 636 S Broadway in Yonkers, offering a total floor area of 169,000 square feet. The site is currently in the approval stage for a proposed development consisting of 13 stories and 187 units, which includes 24 studios, 115 one-bedroom units, and 48 two-bedroom units. The project plan features 257 automated parking spots across the sub-cellar, cellar, and first level. The existing building encompasses 16,640 square feet on a lot of the same size.
The property is currently occupied by one tenant with a lease expiring on April 1, 2027, including one five-year option. The landlord retains the right to terminate the lease with a 12-month notice, subject to a payment of $75,000. The current annual property taxes are $26,700, with the existing tenant responsible for 50 percent of this amount.
Situated in Yonkers, this property is located near the border of Riverdale and is within reach of Van Cortlandt Park. The area provides access to regional green spaces and is positioned along a corridor that connects to surrounding neighborhoods.
Asking price
$5,925,000
$40 / ft²Frank Rao
Request to be contacted by Frank Rao
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