28-32 Van Cortlandt Park Avenue

Description

7-Unit Income Property + Development Lot | Garage & Parking Income | Yonkers, NY Rare opportunity to acquire a 7-unit multifamily building with an additional buildable lot, both sold together, in a prime Yonkers location near Van Cortlandt Park. 28–32 Van Cortlandt Park Ave offers scale, income, and future upside in one package. The property features seven large residential units, including a bonus superintendent unit—ideal for a handyman, live-in super, or value-add conversion. Units are spacious and well-laid-out, appealing to long-term tenants and strong rental demand. Three-car garage plus additional parking provide separate income potential, a major value driver in this high-density area. The sale includes a separate adjacent lot measuring an additional 3,485 sq ft, bringing total lot size to approx. 6,970 sq ft. This extra lot significantly enhances the property’s long-term value, offering potential for future development, expansion, outdoor amenities, or resale upside (buyer to verify with municipality). Properties with this level of land flexibility are extremely rare in Yonkers. Key Highlights: 7 large residential units Bonus superintendent/handyman unit 3-car garage + parking income Separate adjacent lot included (3,485 sq ft) Total combined lot size approx. 6,970 sq ft Strong rental demand location near Van Cortlandt Park Building and lot sold together – no separation This is a high-upside multifamily investment offering immediate income, parking revenue, and long-term development potential—perfect for investors looking to scale their portfolio with a value-add component.