963 McLean Avenue, Yonkers, NY, 10704 | $1,600,000
This well-established, income-producing mixed-use property is located in the sought-after Woodlawn Heights area of Yonkers on McLean Avenue. Offered for the first time in over 37 years, it includes two ground-floor commercial retail spaces and two residential apartments above. Both retail units are leased to established tenants with over 25 years of continuous operation, ensuring stable income. The residential units consist of a three-bedroom apartment and a one-bedroom unit on the second floor, offering additional rental potential. The property is near major transportation routes, including I-87 and the Bronx River Parkway, with convenient access to Manhattan via express buses, subway connections, and the Metro-North Woodlawn station. Its location along McLean Avenue provides strong commercial visibility and residential appeal, with nearby shopping, dining, and amenities. This property offers consistent cash flow, long-term tenancy, and growth potential in a prime Yonkers location.
Features
- Property Type: Mixed Use
- Construction: Brick, Stucco
- Utilities: Electricity Connected, Natural Gas Connected
- Parking: On Street
- Levels: 2
- Heating: Natural Gas
- Cooling: Wall/Window Unit(s)
- Units: 2
- Year Built: 1924
- Acreage: 0.09
- Est. Taxes: $23,867
- Lot Desc: Back Yard, Level
- MLS#: 989746
- Days on Market: 7 days
- Website: https://www.raveis.com
/prop/989746/963mcleanavenue_yonkers_ny?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
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
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963 McLean Avenue, Yonkers, NY, 10704
$1,600,000
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 | $1,280,000 | $1,280,000 | $1,280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,989 | $1,989 | $1,989 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,268 | $7,674 | $10,801 |
| Total Monthly Payment | $9,382 | $9,788 | $12,915 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535