85 Tibbetts Road Yonkers, NY
$ 1,849,000
Property Attributes
  • MLS#H6072539
  • TypeCommercial
  • CityYonkers
  • AreaYonkers
  • NeighborhoodYonkers
  • Zip10705
  • StyleMixed Use
  • Year Built1967
  • Taxes20349
  • Price$ 1,849,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Laura Damore with Century 21 Marciano
Data Source:
OneKey MLS
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

Price History
9/24/2020 Listed $1,995,000
11/9/2020 8% - $1,849,000

General Features

Buildingareaunits Square Feet
Construction Materials Brick, Frame
Cooling None
Elementary School District Yonkers
Heating Natural Gas, Hot Water
High School District Yonkers
Middle/Junior School District Yonkers
Property SubType Mixed Use
Property Type Commercial Sale
Tax Annual Amount 20349.00
Total Units 7
Village None
Zoning Description BA

Exterior Features

Lot Size Units Acres
Number of Buildings 1
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 10705

AVG $310K
AVG $15,133
AVG 102
Year Built
AVG 1951
AVG 86
Data Provided by Walkscore ® not using MLS data

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