Property Description

What a showstopper! Celebrating its 100th birthday! This gorgeous multi-family home is being offered for sale for the first time since it was built by the owner's great-grandfather in the roaring 20s, 1926 to be exact! This 14-unit multifamily offers 7 two-bedroom units and 7 one-bedroom units. Location is everything in real estate and this multifamily home is located on one of the prettiest streets in Yonkers. Douglas Avenue is beautiful, quiet and lowkey. Meanwhile, just walk past the building next door and round the corner onto Broadway, and you have the familiar hustle and bustle of a New York city street! Though regulated by the ETPA, the vacancy rate is virtually nil. The owner is in the process of getting all tenants on written leases with their choice of a one- or two-year lease renewal and the concomitant Increase in rent that their renewals will generate! While some of the units have a preferential rent, you will have the upside of bringing them to the legal registered rent for the next tenancy. Also, this Broker is in discussions with the Yonker's Assessor's office to informally grieve the tax assessment. This structure, home to the builder and all the generations of his family since its inception until now, has been lovingly cared for, lived-in, and renovated over the years by his heirs. For the past 15 years, the owner has been blessed to have as her first-floor neighbor a super live-in Super! He, and those he has engaged to renovate and maintain this building, have kept this multifamily home in excellent condition. The apartments are extremely spacious with abundant natural light due in part to the tall windows and to the fact that there are two driveways on each side of the building leading to the rear parking area that creates space and brings in the sunshine. There are 2 car ports (each able to house 4-5 cars) and an uncovered area in the middle to house a small car or motorcycle. The utility room is labeled; the boiler room is spacious and bright... despite being in the basement... with a relatively newer boiler and even newer hot water heater. There is a Super's workshop, a storage room in the basement for the tenants' extras, and a walkout to the back parking area. A video security system is located at the front of the building and the disclosure of such is located in the documents section of One-Key MLS. May your family be the fortunate owners and stewards of this multifamily home for the next 100 years!

Property Features

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