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    85 Tibbetts Road

    Yonkers, NY 10705
    • $1,849,000
    • STATUS: Active
    • ON SITE: 64 days
    • MLS #: H6072539
    UPDATED: 71 min ago
    $1,849,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Brick four family, three store mixed use property just off McClean Avenue. The four apartments each offer an eat in kitchen, living room, two bedrooms, one full bath, hardwood floors and plenty of closet space. The three stores are equally divided and offer two long term tenants and one storefront on a month to month basis. This storefront is being marketed for rent simultaneously with the sale for $2500.00 per month and may have a new tenant prior to closing. Also perfect for an owner occupied business owner. The current rent roll $164k. The expenses including taxes, insurance, heat, water, electric approximately 42k per year. Currently a 6.1 CAP, but plenty of room to improve to over 7.1 CAP immediately. Owner is considering raising rents and securing all leases prior to sale to help the mortgage process. Three apartment rents can be increased by a minimum of $500-$600 per month each, currently under market. Paper street parking on the side of the building for the 2 stores

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    © 2020 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Baer & McIntosh Real Estate. Data last updated: 2020-11-28T16:16:45.603.
    www.baerhomes.com/homes/110350851
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    85 Tibbetts Road Yonkers, NY 10705

    • Price: $1,849,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: H6072539
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1967
    Built
    Neighborhood:
    Yonkers
    County:
    Westchester
    Area:
    Yonkers
    School District:
    Yonkers
    Property Description
    Brick four family, three store mixed use property just off McClean Avenue. The four apartments each offer an eat in kitchen, living room, two bedrooms, one full bath, hardwood floors and plenty of closet space. The three stores are equally divided and offer two long term tenants and one storefront on a month to month basis. This storefront is being marketed for rent simultaneously with the sale for $2500.00 per month and may have a new tenant prior to closing. Also perfect for an owner occupied business owner. The current rent roll $164k. The expenses including taxes, insurance, heat, water, electric approximately 42k per year. Currently a 6.1 CAP, but plenty of room to improve to over 7.1 CAP immediately. Owner is considering raising rents and securing all leases prior to sale to help the mortgage process. Three apartment rents can be increased by a minimum of $500-$600 per month each, currently under market. Paper street parking on the side of the building for the 2 stores
    Exterior Features

    Construction Materials BrickFrame Loading Docks 0

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 20349.00 Zoning Description Ba

    Listing courtesy of Laura Damore of Century 21 Marciano.
    © 2020 OneKey MLS. All rights reserved.


    © 2020 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or William Raveis Baer & McIntosh Real Estate. Data last updated: 2020-11-28T16:16:45.603.
     
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    William Raveis Baer & McIntosh Real Estate
    97 South Broadway
    South Nyack NY, 10960