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0. 48 Acre Diner on Yonkers Avenue Location: Yonkers Avenue, Yonkers, NY 10704 Property Type: Diner / Restaurant Parcel Size: 0. 48 +/- Acres Building Size: 4, 225 Square Feet (One-Story with Basement) Property Overview: This exceptional commercial property, situated on a 0. 48-acre parcel, offers an outstanding opportunity for restaurateurs and investors alike. Featuring a unique and charming exterior, the property is currently utilized as a diner, and its layout is well-suited for food service operations. The 4, 225-square-foot building is a one-story structure that includes a full basement, providing ample space for both customer-facing dining areas and crucial operational components. The property is in excellent overall condition and has been meticulously maintained, ensuring a seamless transition for a new owner or operator. Key Features: Spacious Interior: The building boasts multiple dining areas, designed for comfort and functionality, creating an ideal setting for accommodating guests in a cozy and inviting environment. Commercial Kitchen: A larger-than-average kitchen space equipped to handle high-volume food preparation, offering the perfect setup for a variety of culinary operations. Basement Facilities: The basement is fully developed with essential operational areas, including: Office Space Food Preparation Area Dry & Cold Storage Employee Locker Room Parking & Accessibility: The site offers ample parking for both staff and customers, ensuring easy access and convenience. The property’s size and layout make it an attractive option for larger-scale dining operations. Prime Location: Located on Yonkers Avenue, a highly trafficked road, the property offers excellent visibility and exposure. With prime frontage, this site benefits from significant foot and vehicle traffic, which enhances its potential for customer engagement. Property Condition: The building is in overall average condition and has been well-maintained, making it an excellent investment. Its unique exterior stands out in the neighborhood, giving the property a distinct character that resonates well with its current use as a diner. Investment Highlights: Location Advantage: Strong visibility with frontage on Yonkers Avenue provides excellent exposure for a diner or other retail operation. Space and Versatility: The 4, 225 square feet of space offers room for growth and adaptation, whether as a dining establishment or for other commercial purposes. Turnkey Operation: Fully equipped kitchen, storage, and basement areas make this property a prime option for those looking to step into an operational space with minimal investment in upgrades. Ideal Use: Diner/Restaurant Retail Establishment Commercial Kitchen or Catering Operations Multi-Use Development
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,079,200 | $2,079,200 | $2,079,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.001% | 5.858% | 5.681% |
| Monthly Tax Payment | $3,806 | $3,806 | $3,806 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,003 | $12,134 | $16,989 |
| Total Monthly Payment | $14,934 | $16,065 | $20,920 |
* 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.