334 Underhill Avenue, Yorktown Heights, NY, 10598 | $6,700,000

Prime Commercial Investment Opportunity – Fully Occupied Multi-Building Complex Presenting a rare investment opportunity in the heart of Yorktown Heights. This well-maintained commercial complex, situated on 1. 53 acres, features five separate buildings totaling 20 units, offering investors a 100% occupied, income-producing property with solid leases in place and a diverse tenant mix. The property is home to a strong blend of professional and service-oriented businesses including a restaurant, medical offices, professional offices, attorneys, accountants, and a mortgage company, creating consistent daily traffic and long-term tenancy stability. Over the past two years, more than $300, 000 in renovations and capital improvements have been completed. Recent upgrades include a fully renovated driveway, updated mechanical systems, and a new hot water tank and boiler, ensuring the property is well maintained and positioned for continued performance. The professionally maintained campus offers ample parking, landscaped grounds, and a functional layout designed to support a variety of professional and medical uses. Ideally located just minutes from the Taconic State Parkway, the property provides convenient access for commuters and clients traveling throughout Westchester County. The complex is also within close proximity to the shops, restaurants, and services of downtown Yorktown Heights, as well as nearby residential communities and new mixed-use developments that continue to drive local growth and foot traffic. This turnkey commercial investment presents a compelling opportunity for investors seeking stable income, strong tenant demand, and a strategic location in Northern Westchester.

Features

  • Property Type: Mixed Use
  • Construction: Frame
  • Utilities: Natural Gas Available, Sewer Connected, Trash Collection Public
  • Parking: Parking Lot
  • Heating: Forced Air
  • Cooling: Central Air
  • Units: 20
  • Year Built: 2003
  • Acreage: 1.53
  • Est. Taxes: $127,878
  • MLS#: 972258
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/972258/334underhillavenue_yorktownheights_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 Iconic Pros   Phone: 914-488-6949

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Vincent DiMellaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 24240

914.494.1459

Vincent.DiMella@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Joel FanjoyRegional SVP Insurance Sales, William Raveis Insurance

617.320.5687

Joel.Fanjoy@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

334 Underhill Avenue, Yorktown Heights, NY, 10598

$6,700,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Vincent DiMella

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.494.1459

Vincent.DiMella@raveis.com

NMLS Mortgage Loan Originator ID 24240

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $5,360,000 $5,360,000 $5,360,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.259% 6.058%
Monthly Tax Payment $10,657 $10,657 $10,657
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $30,014 $32,568 $44,870
Total Monthly Payment $40,795 $43,349 $55,651

* 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.