28
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$1,500,000
Est. payment /mo
9,583 Sqft Lot
New
33 Douglas AVE Yonkers, NY 10703
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 980477
Rental Info No
Year Built 1926
Annual Tax Amount $52,000
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Multi Family
Source onekey2
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 his progeny 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. Landlord pays heat & water. Tenants pay their own electric and their own cooking gas. May your family be the fortunate owners and stewards of this multifamily home for the next 100 years!
Location
State NY
County Westchester County
Rooms
Basement Partial, Partially Finished, Storage Space, Walk-Out Access
Interior
Heating Oil
Cooling Varies by Unit
Fireplace No
Exterior
Parking Features Alley Access, Carport, Covered, Detached, Driveway, Off Street, Oversized, Parking Lot, Private
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Yonkers
School District Yonkers
Others
Special Listing Condition None
Listed by Cleary Real Estate • Jennifer A. Cleary
NEARBY SCHOOL & BUSINESS
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