
Iconic Pros
Listed by Iconic Pros
$6,700,000
334 Underhill Avenue
Details
APN 5400-037-018-00002-000-0075
Property Type Mixed Use, Land
Sub Type Residential, Storefront
Units 20
Cap Rate 7.00%
NOI $456,770
Year Built 2003
Buildings 5
Acreage 1.530
Zoning C-2R
Mixed Use | 7.00% CAP
Marketing description
Prime Commercial Investment Opportunity – Fully Occupied Multi-Building Complex
Presenting a rare investment opportunity in the heart of Yorktown Heights. This well-maintained commercial complex, situated on 1.53 acres, features five separate buildings totaling 20 units, offering investors a 100% occupied, income-producing property with solid leases in place and a diverse tenant mix.
The property is home to a strong blend of professional and service-oriented businesses including a restaurant, medical offices, professional offices, attorneys, accountants, and a mortgage company, creating consistent daily traffic and long-term tenancy stability.
Over the past two years, more than $300,000 in renovations and capital improvements have been completed. Recent upgrades include a fully renovated driveway, updated mechanical systems, and a new hot water tank and boiler, ensuring the property is well maintained and positioned for continued performance.
The professionally maintained campus offers ample parking, landscaped grounds, and a functional layout designed to support a variety of professional and medical uses. Ideally located just minutes from the Taconic State Parkway, the property provides convenient access for commuters and clients traveling throughout Westchester County.
The complex is also within close proximity to the shops, restaurants, and services of downtown Yorktown Heights, as well as nearby residential communities and new mixed-use developments that continue to drive local growth and foot traffic.
This turnkey commercial investment presents a compelling opportunity for investors seeking stable income, strong tenant demand, and a strategic location in Northern Westchester.
Listing Contacts

Iconic Pros
Listed by Iconic Pros
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$456,770.00
$38,064.17/mo
Valuation Metrics
0
DSCR
6.82%
Cap Rate
6.82%
ROI
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