85 Mc Lean Avenue, Yonkers, NY, 10705 | $584,000

BRAND NEW FURNACE! Wonderful opportunity to own this Multi-Use building in the heart of South West Yonkers, on McLean Avenue! This newly listed building is situated in the perfect spot to showcase your new storefront and live in the beautifully renovated one bedroom apartment above, OR have an immediate rented property to off-set taxes and start up/business costs. With plenty of traffic, road side exposure, neighboring public transportation and main highways, there is plenty of free advertising to the near-by Communities that are filling the Shopping Centers, Unique Shops and local Schools. This is the perfect opportunity to grow your business and have a lucrative investment as well. 1st Floor features 800 SqFt of open office space with Street Level Landing, Front and Side Entrance and Full Bath. 2nd floor is a tastefully renovated, Freshly Painted apartment with separate entrance. Lower Level offers an additional 800 SqFt dry storage. Accessible from the 1st Floor with 2 access stairs. Roof was completely redone, including Sheathing and Plywood, in 2012. Plenty of Street Parking in front, Ready for immediate occupancy. Owner may offer financing to qualified buyers. The possibilities are endless! Make your appointment today!

Features

  • Current Use: Mixed use office/residential
  • Permitted Use: Multiple Uses
  • Utilities: Electric
  • Garage: Off Street Parking
  • Heating: Gas on Gas
  • Cooling: Window Unit
  • Units: 2
  • Zoning: A
  • Frontage: State Road,Paved Road
  • Year Built: 1912
  • Approx Sq. Feet: 1,600
  • Est. Taxes: $7,418
  • Lot Desc: N/A
  • MLS#: 170477659
  • Days on Market: 717 days
  • Website: https://www.raveis.com
    /prop/170477659/85mcleanavenue_yonkers_ny?source=qrflyer
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Listing courtesy of Jefferson Valley Realty

William Raveis Family of Services

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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85 Mc Lean Avenue, Yonkers, NY, 10705

$584,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $467,200 $467,200 $467,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.625% 7.375% 6.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 8.157% 7.548% 6.780%
Monthly Tax Payment $618 $618 $618
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,307 $3,227 $4,067
Total Monthly Payment $4,017 $3,937 $4,777

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.