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Multifamily For Sale! Located just north of the Bronx, Yonkers offers the perfect blend of city convenience and suburban living. With easy access to the Metro-North Hudson Line from the Glenwood station—providing an approximate 30–40 minute commute to Grand Central Terminal, with peak express trains averaging around 35 minutes—along with convenient service to key stops such as 125th Street, Yankee Stadium, and Marble Hill, Yonkers remains one of Westchester County’s most desirable and accessible communities. Roof is 12 years old and boiler is 4 years old. The city is also home to Empire City Casino and the renowned Lionsgate Film Studios, often referred to as “Hollywood on the Hudson, ” further enhancing Yonkers’ growing arts, entertainment, and cultural presence. Major highways, a vibrant waterfront, expansive parks, and a dynamic dining scene complete the lifestyle appeal. 187 Woodland Avenue presents an excellent opportunity for both investors and owner-occupants. This versatile two-family home offers flexible living options—rent both units for income potential or live in one unit while renting the other. The upper residence features a spacious, open layout with a convenient half bath on the main level and large sliding glass doors from the kitchen and dining area leading to a covered back patio. From the patio, you step up directly to the backyard—perfect for entertaining and outdoor enjoyment. A covered front patio provides additional outdoor living space. The top floor offers three bedrooms and a full bathroom. The first-floor unit includes a comfortable one-bedroom apartment with a private side entrance, offering added privacy. Additional highlights include a laundry room beneath the patio, a two-car garage, and both front and back outdoor spaces. A fantastic opportunity to generate rental income while building long-term equity. Seller requests that all home tour appointments be approved with a mortgage pre-approval letter if obtaining financing, or proof of funds if paying cash. Selling "As Is"
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Our Executive Mortgage Banker:
$739,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $591,999 | $591,999 | $591,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $880 | $880 | $880 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,502 | $3,645 | $4,798 |
| Total Monthly Payment | $4,474 | $4,617 | $5,770 |
* 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.