460 S. Broadway

460 S. Broadway,
Yonkers, NY 10705

 

$1,350,000
Offering Price
8,664
Building SF
$270,000
Price Per Unit
3,973
Land SF
5
Number of Units
1926 / 1935
Year Built
$1,350,000
Offering Price
8,664
Building SF
$270,000
Price Per Unit
3,973
Land SF
5
Number of Units
1926 / 1935
Year Built

Investment Summary

  • NuRealty Advisors Inc. is proud to present the exclusive listing for the mixed-use property for sale at 460 & 460 1/2 South Broadway in Yonkers. The property is conveniently located just footsteps away from the Yonkers Downtown. It is a part of the Building Improvement District ("BID") for Yonkers. This property offers Retail, Office, and Residential while delivering amazing returns, a turn-key operation with no management efforts required. The property is fully occupied with long-term tenants demonstrating stability. Retail Tenants consist of a fully renovated Convenience Store and Chinese Restaurant that has been in occupancy since early 2000. Office space is a Dentist which has been in occupancy for decades. The property offers a large 2BR and 1BR apartment. This transaction is fantastic as there is virtually no maintenance. There is no common area, no parking, no lobby, or space that would require the maintenance or attention of the owner. Simply purchase and collect rent! Finding a property that is self-running and delivering returns such as this is a rare find! All Retail & Office leases offer Expense Reimbursement which recovers 30% of the property tax, water, and heating. The property is offering a 6.22% CAP Rate based on the asking price. This is a transaction that does not require any time of an owner. In addition, there is no ETPA or Rent Regulation. A property like this is not usually offered for sale specifically in this environment whereby the new rent stabilization laws are uncertain. Simply collect income and leave the tenants responsible for their own space. Non-Recourse Owner Financing is available. The detailed Financial Set-Up is attached and is modeled with Owner Financing. A buyer can seek their own financing if they like.

Investment Highlights

  • Self Managing Property
  • No Common Area to Maintain
  • No Rent Law Regulation - Free Market

Quality of Life

  • Yonkers offers a terrific lifestyle for families, young professionals, seniors or those just passing through. The city boasts dozens of diverse neighborhoods offering quiet, residential, tree-lined streets, vibrant city living and everything in between. From our waterfront esplanade, to our golf courses and pools, to our more than 70 parks and historic sites, to our shopping and entertainment venues, there’s always something to do in Yonkers.
  • NuRealty Advisors Inc. is proud to present the exclusive listing for the mixed-use property for sale at 460 & 460 1/2 South Broadway in Yonkers. The property is conveniently located just footsteps away from the Yonkers Downtown. It is a part of the Building Improvement District ("BID") for Yonkers. This property offers Retail, Office, and Residential while delivering amazing returns, a turn-key operation with no management efforts required. The property is fully occupied with long-term tenants demonstrating stability. Retail Tenants consist of a fully renovated Convenience Store and Chinese Restaurant that has been in occupancy since early 2000. Office space is a Dentist which has been in occupancy for decades. The property offers a large 2BR and 1BR apartment. This transaction is fantastic as there is virtually no maintenance. There is no common area, no parking, no lobby, or space that would require the maintenance or attention of the owner. Simply purchase and collect rent! Finding a property that is self-running and delivering returns such as this is a rare find! All Retail & Office leases offer Expense Reimbursement which recovers 30% of the property tax, water, and heating. The property is offering a 6.22% CAP Rate based on the asking price. This is a transaction that does not require any time of an owner. In addition, there is no ETPA or Rent Regulation. A property like this is not usually offered for sale specifically in this environment whereby the new rent stabilization laws are uncertain. Simply collect income and leave the tenants responsible for their own space. Non-Recourse Owner Financing is available. The detailed Financial Set-Up is attached and is modeled with Owner Financing. A buyer can seek their own financing if they like.

Neighborhood Safety

  • Yonkers is ranked as the fourth safest city of its size in the country. Thanks to the hard work of our Police Department and other emergency service personnel, crime in Yonkers continues to drop.
  • NuRealty Advisors Inc. is proud to present the exclusive listing for the mixed-use property for sale at 460 & 460 1/2 South Broadway in Yonkers. The property is conveniently located just footsteps away from the Yonkers Downtown. It is a part of the Building Improvement District ("BID") for Yonkers. This property offers Retail, Office, and Residential while delivering amazing returns, a turn-key operation with no management efforts required. The property is fully occupied with long-term tenants demonstrating stability. Retail Tenants consist of a fully renovated Convenience Store and Chinese Restaurant that has been in occupancy since early 2000. Office space is a Dentist which has been in occupancy for decades. The property offers a large 2BR and 1BR apartment. This transaction is fantastic as there is virtually no maintenance. There is no common area, no parking, no lobby, or space that would require the maintenance or attention of the owner. Simply purchase and collect rent! Finding a property that is self-running and delivering returns such as this is a rare find! All Retail & Office leases offer Expense Reimbursement which recovers 30% of the property tax, water, and heating. The property is offering a 6.22% CAP Rate based on the asking price. This is a transaction that does not require any time of an owner. In addition, there is no ETPA or Rent Regulation. A property like this is not usually offered for sale specifically in this environment whereby the new rent stabilization laws are uncertain. Simply collect income and leave the tenants responsible for their own space. Non-Recourse Owner Financing is available. The detailed Financial Set-Up is attached and is modeled with Owner Financing. A buyer can seek their own financing if they like.

A Commitment to Education

  • More than 26,000 students attend the 40 public schools in Yonkers, which also has several private and parochial schools and one charter school. U.S. News and World Report ranks Yonkers Middle High School among the best high schools in the country, Saunders Trades & Technical High School is in the top 10 percent of high schools nationwide, and PEARLS Hawthorne School, a Blue Ribbon School, is one of the top elementary schools in the state.
  • NuRealty Advisors Inc. is proud to present the exclusive listing for the mixed-use property for sale at 460 & 460 1/2 South Broadway in Yonkers. The property is conveniently located just footsteps away from the Yonkers Downtown. It is a part of the Building Improvement District ("BID") for Yonkers. This property offers Retail, Office, and Residential while delivering amazing returns, a turn-key operation with no management efforts required. The property is fully occupied with long-term tenants demonstrating stability. Retail Tenants consist of a fully renovated Convenience Store and Chinese Restaurant that has been in occupancy since early 2000. Office space is a Dentist which has been in occupancy for decades. The property offers a large 2BR and 1BR apartment. This transaction is fantastic as there is virtually no maintenance. There is no common area, no parking, no lobby, or space that would require the maintenance or attention of the owner. Simply purchase and collect rent! Finding a property that is self-running and delivering returns such as this is a rare find! All Retail & Office leases offer Expense Reimbursement which recovers 30% of the property tax, water, and heating. The property is offering a 6.22% CAP Rate based on the asking price. This is a transaction that does not require any time of an owner. In addition, there is no ETPA or Rent Regulation. A property like this is not usually offered for sale specifically in this environment whereby the new rent stabilization laws are uncertain. Simply collect income and leave the tenants responsible for their own space. Non-Recourse Owner Financing is available. The detailed Financial Set-Up is attached and is modeled with Owner Financing. A buyer can seek their own financing if they like.

Entertainment

  • Empire City Casino at Yonkers Raceway, one of New York’s most historic tracks, has thousands of slot machines and electronic game tables, gourmet restaurants and pub-style cuisine. With the Cross County Shopping Center, Ridge Hill, and Central Park Avenue corridor all along the I-87 corridor, Yonkers is the ultimate shopping destination in Westchester County and the region. If you’re looking for a night out, the Downtown Waterfront district and McLean Avenue offer dozens of dining and nightlife destinations.
  • NuRealty Advisors Inc. is proud to present the exclusive listing for the mixed-use property for sale at 460 & 460 1/2 South Broadway in Yonkers. The property is conveniently located just footsteps away from the Yonkers Downtown. It is a part of the Building Improvement District ("BID") for Yonkers. This property offers Retail, Office, and Residential while delivering amazing returns, a turn-key operation with no management efforts required. The property is fully occupied with long-term tenants demonstrating stability. Retail Tenants consist of a fully renovated Convenience Store and Chinese Restaurant that has been in occupancy since early 2000. Office space is a Dentist which has been in occupancy for decades. The property offers a large 2BR and 1BR apartment. This transaction is fantastic as there is virtually no maintenance. There is no common area, no parking, no lobby, or space that would require the maintenance or attention of the owner. Simply purchase and collect rent! Finding a property that is self-running and delivering returns such as this is a rare find! All Retail & Office leases offer Expense Reimbursement which recovers 30% of the property tax, water, and heating. The property is offering a 6.22% CAP Rate based on the asking price. This is a transaction that does not require any time of an owner. In addition, there is no ETPA or Rent Regulation. A property like this is not usually offered for sale specifically in this environment whereby the new rent stabilization laws are uncertain. Simply collect income and leave the tenants responsible for their own space. Non-Recourse Owner Financing is available. The detailed Financial Set-Up is attached and is modeled with Owner Financing. A buyer can seek their own financing if they like.
FOR MORE DETAILS CONTACT
Michael Nukho
President
(914) 670-7065
MNukho@NuRealtyAdvisors.com
10311203305
Lukasz Przybylek
Executive Vice President
(914) 479-2721
LukaszPrzybylek@gmail.com
10301212062