4,500 SF | 187 Ashburton Ave | Value Add Mixed Use Opportunity for Sale

187 Ashburton Ave Yonkers, NY 10701

187 Ashburton Ave, Yonkers, NY, 10701
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FOR SALE
Property Type:
Street Retail
Amount:
$2,000,000
Last Verified:
Jan 11, 2024

Highlights

  • Pre-Signed Over Market Leases with
  • Qualified Tenants, Conditions Include Vanilla
  • White Box Landlord Improvements
  • Large Commercial Unit, Two Floor Mezzanine Layout
  • Pro Forma at a 10% Cap Rate

Description

4 units total - value add mixed-use building for sale!

187 Ashburton is located on one the most prestige roads in all of Yonkers, with multiple residential buildings and local services, making this the perfect property for any commercial investor.

Located in the St. Joseph's neighborhood of Yonkers between Ritters Ln & Vineyard Ave approximately 1 mile from the Metro North Hudson line.


Year Built: 1900
Building Size: 4500sq ft
Lot Size: 0.06 acres


Documents

Custom Brochure - 2023

Map of 187 Ashburton Ave, Yonkers, NY, 10701

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.