Listed by YourHomeSold Guaranteed Realty
$5,750,000
RSP - Yonkers
Details
APN 1800-004-000-04385-000-0030-41
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 7,600
Net Rentable (SqFt) 7,600
Units 1
Cap Rate 6.96%
NOI $399,950
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 04/30/2031
Remaining Term 4.9
Rent Bumps Yes
Lease Options (2) 5 year options
Price per SqFt $757
Broker Co-Op Yes
Class B
Year Built 1985
Year Renovated 2012
Buildings 1
Stories 2
Acreage 0.890
Zoning BR
Parking Spaces 43 spaces
Parking Per SqFt 5.66
Investment Type Stabilized
Lease Commencement 05/01/2021
Occupancy Date 10/20/2018
Office | 6.96% CAP | 7,600 SqFt
Marketing description
Westchester County NNN Tenant. Strategically positioned along one of Westchester County’s most established commercial corridors, 1981 Central Park Avenue is a two-story 7,600 SF commercial office property situated on approximately 0.89 acres in the highly trafficked Central Park Avenue submarket of Yonkers.
Originally constructed in 1985 and updated around 2010, the building features two full floors with a separate entrance to the second level, elevator access, and flexible layout options suitable for single or multi-tenant occupancy.
The property is leased on a Triple Net (NNN) basis, providing investors with a stable income stream while minimizing landlord responsibilities. Additional highlights include 43 on-site parking spaces, a recently paved and re-striped parking lot, upgraded AC systems, and a prominent pylon sign offering strong street visibility and branding exposure along Central Park Avenue.
The site benefits from exceptional vehicular traffic and immediate access to the Bronx River Parkway, I-87 (NYS Thruway), and the Cross County Parkway. Surrounded by national retailers, medical offices, and service-oriented businesses, this offering presents an attractive opportunity for investors seeking a well-located NNN asset in a supply-constrained infill corridor.
Investment highlights
INVESTMENT HIGHLIGHTS
Prime Central Park Avenue Location – Positioned along one of Yonkers’ primary commercial corridors
±7,600 SF Office Building – Two-story structure built in 1985 / Updated in 2012
±0.89 Acre Lot – Generous land-to-building ratio with on-site parking potential
Strong Regional Connectivity – Immediate access to Bronx River Parkway, I-87 (NYS Thruway), and Cross County Parkway
High-Visibility Corridor – Surrounded by national retailers, medical offices, and service-oriented tenants
Value-Add / Owner-User Opportunity – Potential for repositioning, re-leasing, or partial owner occupancy
Listing Contacts
Listed by YourHomeSold Guaranteed Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$399,950.00
$33,329.17/mo
Valuation Metrics
0
DSCR
6.96%
Cap Rate
6.96%
ROI
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