975 McLean Avenue, Yonkers, NY 10704
Westchester County
Key Facts
Description
Terrific opportunity to acquire an exceptional mixed-use brick building nestled away in the McLean Heights vicinity of Yonkers, just 25 minutes north of Manhattan. This income-producing property offers an attractive combination of strong cash flow, stability, and future upside potential. The property consists of (2) fully leased commercial storefronts on prime McLean Avenue and (5) residential apartments, which are accessible at the rear of the property on St Barnabas Place. Generating approximately $194,100 in annual gross income, this property presents a compelling return and an excellent addition to any investment portfolio. Located in a vibrant neighborhood with strong rental demand, the building benefits from exceptional visibility, heavy foot traffic, and convenient access to public transportation, including buses and Metro-North, as well as nearby shopping, restaurants, and major thoroughfares. This brick beauty has been meticulously maintained and offers a truly turnkey investment opportunity. Recent capital improvements include a new roof, updated sewer lines, new gas boiler and hot water heaters, and a new electrical service distribution system, minimizing future maintenance concerns and enhancing long-term value. With solid in-place income, a prime location, and potential for future rental growth, this is a rare opportunity to own a marquee mixed-use property in one of Yonkers' strongest rental and commercial markets. Don't miss the chance to invest in a high-performing asset with both stability and upside potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1909
Stories
3
Living Area
10,950 sq ft
Lot Size
0.04 acres
Days on Market
37
MLS® Listing#
1001686
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Lot Features
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Yonkers (School Choice)
- Middle:
- Yonkers (School Choice)
- High:
- Yonkers (School Choice)
Financial Details
Annual Taxes
$20,305
Assessed Value
$17,500
Parcel Number
1800-006-000-06242-000-0002
Affordability Calculator
$400,000
Estimated monthly payment
$10,645/mo
Principal $1,599,999 · Est. interest $2,232,141 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Yonkers, NY
- $400,000
- Median Listing Price
- 45
- Median Days on Market
- 1,181
- Median Sq Ft
- $313
- Median Price / Sq Ft
- 296
- Active Listings
- This home’s price is 400% above the area median.
- Its price per sq ft is 42% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Yonkers, NY.
Location
Points of Interest in Yonkers, NY
Showing the Yonkers area map.
Nearby Schools
St. Barnabas Elementary School
Elementary · 0.1 mi away
St. Mark's Lutheran School
School · 0.1 mi away
PS 19 Judith K Weiss
Elementary · 0.3 mi away
Yonkers Montessori Academy
Elementary · 0.4 mi away
Mark Twain Middle School
Elementary · 0.4 mi away
P. S 016 Wakefield
Elementary · 0.6 mi away
The Matilda Avenue School
Elementary · 0.6 mi away
PS 103 Hector Fontanez
Elementary · 0.8 mi away
Astor Day Treatment Center
School · 0.8 mi away
Saint Frances of Rome - Food Distribution Center
School · 0.8 mi away
School 21
Elementary · 0.9 mi away
St Paul the Apostle School
School · 0.9 mi away
Susan E. Wagner Day School
Elementary · 0.9 mi away
Stein Yeshiva of Lincoln Park
School · 1.0 mi away
Selby Transportation
School · 1.0 mi away
Bronx Charter School for Excellence 4
Elementary · 1.0 mi away
P. S. 021 Philip H. Sheridan
Elementary · 1.1 mi away
St. Francis of Assisi School
School · 1.1 mi away
PS 87
Elementary · 1.2 mi away
Equality Charter Elementary School
Elementary · 1.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 235 Bronx River Road, Yonkers, NY | $1,400,000 | 6 | 4 | 3,454 |
| 15 Overhill Place, Yonkers, NY | $1,400,000 | — | — | — |
| 21 Borcher Avenue, Yonkers, NY | $1,439,000 | 7 | 3 | 2,900 |
| 208 Tompkins Road, Yonkers, NY | $1,449,000 | — | — | 4,896 |
| 141 Forest Avenue, Yonkers, NY | $1,499,999 | 7 | 6 | 4,132 |
| 97 Waverly Street, Yonkers, NY | $1,500,000 | — | — | 4,928 |
Moving Cost Estimate
EXIT Agents in Yonkers
Listing Courtesy: Double C Realty - 9147761670
Presented by: Kieran Dwyer
Fair Housing Notice