Buy with Yoreevo
$1,964,999
List Price: $1,999,999
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975 McLean Avenue
House in Yonkers •  building info
studio • 1,742ft² $1,148 per ft²
Buy with Yoreevo

$1,964,999

List Price

$1,999,999

Key Details
Days on market
6
Last price change
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Estimated payment
$12,484/mo
Taxes
$1,692/mo
Maintenance
N/A
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.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,999,000
Asking Price: $1,999,999
Term
30 Years
Down Payment
$199,000 (10%)
Min: 10% (199,000)
Rate
6.0 %
Mortgage Amount
$1,799,999
Mortgage Payment
$10,792
Taxes
$1,692
Estimated Yoreevo rebate
$35,000
Estimated closing cost
$70,000
Total monthly cost $12,484
Buy your dream home with us and get an estimated $35,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Double C Realty

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