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Urban-High Street

356-358 & 359-363 S Broadway

356 S Broadway, Yonkers, NY 10705

Listing Price: $3,500,000

Cap Rate
6.25%
Gross SF
9,140
Rentable SF
9,140
Price/Gross SF
$382.93
Lot Size
0.40 acres
Year Built
1965

Investment Overview

The subject offering is a portfolio of two single-story retail strips totaling six stores and 9,140 rentable square feet. The properties are located directly across the street from each other on South Broadway in Yonkers (Westchester County), NY. The properties are 100 percent occupied. Both properties have been incredibly well-maintained, with both properties recently receiving new roofs. 356-358 S Broadway is a 3,060 SF two-tenant retail property with 51 feet of frontage (built 51 x 60) on South Broadway. The property rests on a 9,583 SF lot (51 x 196). Both tenants have leases that run through 10/31/2023 with annual rental increases. Both tenants also contribute $5,000 per year each to reimburse for real estate taxes. 353-359 S Broadway is a 6,080 SF four-unit retail property with 75 feet of frontage (built 75 x 81) on South Broadway. The property rests on a 7,840 SF lot (75 x 105). The tenants have leases that have varying expiration dates, from 2023 through 2026, all four tenants are responsible for reimbursing for a share of the real estate taxes. This is an opportunity to acquire a stable and cash flowing multi-tenant retail property on the main retail corridor in this section of Yonkers. The property is surrounded by local and national retailers such as Walgreens, Family Dollar, Dollar Tree, AutoZone, Advance Auto Parts, CityMD and MetroPCS The property benefits from strong foot traffic on S Broadway, as well as three Yonkers bus lines with stops right in front of the buildings.

Investment Highlights

  • Two Retail Strips - Totaling 9,140 Rentable SF
  • Six Stores - 100% Occupied
  • Solid Neighborhood Retail Corridor - The main retail street in this section of Yonkers

Exclusively Listed By

Urban-High Street

356-358 & 359-363 S Broadway

Listing Price: $3,500,000

Cap Rate
6.25%
Gross SF
9,140
Rentable SF
9,140
Price/Gross SF
$382.93
Lot Size
0.40 acres
Year Built
1965

Investment Highlights

  • Two Retail Strips - Totaling 9,140 Rentable SF
  • Six Stores - 100% Occupied
  • Solid Neighborhood Retail Corridor - The main retail street in this section of Yonkers

Investment Overview

The subject offering is a portfolio of two single-story retail strips totaling six stores and 9,140 rentable square feet. The properties are located directly across the street from each other on South Broadway in Yonkers (Westchester County), NY. The properties are 100 percent occupied. Both properties have been incredibly well-maintained, with both properties recently receiving new roofs. 356-358 S Broadway is a 3,060 SF two-tenant retail property with 51 feet of frontage (built 51 x 60) on South Broadway. The property rests on a 9,583 SF lot (51 x 196). Both tenants have leases that run through 10/31/2023 with annual rental increases. Both tenants also contribute $5,000 per year each to reimburse for real estate taxes. 353-359 S Broadway is a 6,080 SF four-unit retail property with 75 feet of frontage (built 75 x 81) on South Broadway. The property rests on a 7,840 SF lot (75 x 105). The tenants have leases that have varying expiration dates, from 2023 through 2026, all four tenants are responsible for reimbursing for a share of the real estate taxes. This is an opportunity to acquire a stable and cash flowing multi-tenant retail property on the main retail corridor in this section of Yonkers. The property is surrounded by local and national retailers such as Walgreens, Family Dollar, Dollar Tree, AutoZone, Advance Auto Parts, CityMD and MetroPCS The property benefits from strong foot traffic on S Broadway, as well as three Yonkers bus lines with stops right in front of the buildings.

Exclusively Listed By

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