58 Bruce Ave Yonkers, NY 10705

Come see this corner lot Mixed-Use investment property in Yonkers with 14 Apartments and 1 Retail Storefront. The (15) Total Units consist of:  8 (2 Bed) 850 sq ft 6 (1 Bed) 550 sq ft 1 (Retail Store on ground level) It's a nice brick building on the outside. Small lobby, 5-story walk-up,... no elevator. New 50 Year Roof, New (Gas & Oil) Boiler, (2) New HW Heaters.  Store Rented (Not Renovated) 7 Renovated (4 Rented, 3 Vacant) 2 UnRenovated (1 Rented, 1 Vacant) 5 Under Construction (5 Vacant)  The legally DHCR verified allowable rent for 2024 is $27,888 a month + $12,000 for store = $346,656 year. Separate Utilities (Gas & Electric) for each apartment. The owner pays for heat, hot water, water & waste removal.  Please review the attached P&L. ASKING PRICE = $2,890,000 Continue reading