28-32 Van Cortlandt Park Avenue, Yonkers, NY, 10705 | $2,575,000

7-Unit Income Property + Development Lot | Garage & Parking Income | Yonkers, NY Rare opportunity to acquire a 7-unit multifamily building with an additional buildable lot, both sold together, in a prime Yonkers location near Van Cortlandt Park. 28–32 Van Cortlandt Park Ave offers scale, income, and future upside in one package. The property features seven large residential units, including a bonus superintendent unit—ideal for a handyman, live-in super, or value-add conversion. Units are spacious and well-laid-out, appealing to long-term tenants and strong rental demand. Three-car garage plus additional parking provide separate income potential, a major value driver in this high-density area. The sale includes a separate adjacent lot measuring an additional 3, 485 sq ft, bringing total lot size to approx. 6, 970 sq ft. This extra lot significantly enhances the property’s long-term value, offering potential for future development, expansion, outdoor amenities, or resale upside (buyer to verify with municipality). Properties with this level of land flexibility are extremely rare in Yonkers. Key Highlights: 7 large residential units Bonus superintendent/handyman unit 3-car garage + parking income Separate adjacent lot included (3, 485 sq ft) Total combined lot size approx. 6, 970 sq ft Strong rental demand location near Van Cortlandt Park Building and lot sold together – no separation This is a high-upside multifamily investment offering immediate income, parking revenue, and long-term development potential—perfect for investors looking to scale their portfolio with a value-add component.

Features

  • Property Type: Multi Family
  • Construction: Vinyl Siding
  • Utilities: See Remarks
  • Parking: Garage
  • Heating: Baseboard
  • Cooling: Varies by Unit
  • Units: 7
  • Year Built: 1941
  • Acreage: 0.08
  • Est. Taxes: $3,241
  • MLS#: 943718
  • Days on Market: 81 days
  • Website: https://www.raveis.com
    /prop/943718/2832vancortlandtparkavenue_yonkers_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Winzone Realty Inc   Phone: 718-899-7000

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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28-32 Van Cortlandt Park Avenue, Yonkers, NY, 10705

$2,575,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,060,000 $2,060,000 $2,060,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.031% 5.885%
Monthly Tax Payment $270 $270 $270
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,375 $12,186 $16,969
Total Monthly Payment $11,770 $12,581 $17,364

* 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.