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This 0. 11-acre hillside lot is ideally located in an established Yonkers neighborhood directly across from the park and within walking distance to schools, public transportation, shops, and dining. Conveniently situated approximately 2 miles from Downtown Yonkers, the property benefits from the continued revitalization taking place throughout the area, including waterfront redevelopment, new luxury residential and mixed-use projects, and the nearby Lionsgate Studios Yonkers production campus bringing significant investment and momentum to the city. With convenient access to major roadways and Metro-North transportation, this location offers strong long-term value and development potential. The property presents a unique opportunity for investors, builders, or future homeowners seeking to develop a custom property in a well-established neighborhood. Survey plans, conceptual renderings, and sample floor plans for a proposed 3-bedroom over 3-bedroom two-family home. ***Buyer to conduct their own due diligence regarding zoning, variances, approvals, permits, and buildability requirements with the City of Yonkers. All renderings, floor plans, dimensions, and designs are conceptual only, subject to approvals, and may not reflect final approved specifications. ***
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Our Executive Mortgage Banker:
$169,000
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 | $135,200 | $135,200 | $135,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.750% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.634% | 6.890% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $832 | $877 | $1,132 |
| Total Monthly Payment | $907 | $952 | $1,207 |
* 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.