$1,070,000
SOLD FEB 3, 2025

54 Ravine Ave Yonkers, NY 10701

Lamartine Heights Neighborhood
10 Beds
7 Baths
3,186 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$336 Per Sq Ft

19% Above List Price

31 Days on Market

Highlights

  • Water Views
  • Property is near public transit
  • Baseboard Heating
  • Contemporary Architecture
  • Park
  • Fenced

About This Home

As of February 2025

Unbelievable deal in the heart of Prime Downtown Yonkers! 8 min walk to the Metro North! This 4-family, income-producing property offers a unique layout with (2) 2-bedroom apartments (one featuring 2 full bathrooms and backyard access) and (2) 3-bedroom apartments, each with 2 full bathrooms. The top-floor apartment boasts breathtaking river views. The property generates a gross income of $100,200 annually, with potential for more, with a Cap Rate of 8.9%. The property is well maintained and all other units are similar to the vacant unit shown in the pictures. This is truly unheard of in today's market! Each tenant covers their own heating and gas, keeping expenses extra low. Enjoy Yonkers Waterfront, easy access to transportation, shopping, dining, parks, museums, and more. This property offers both an outstanding investment and the potential for owner occupancy—don’t miss your chance to seize this incredible opportunity!

Last Agent to Sell the Property

Carmen Vega

Keller Williams Realty Group Brokerage Phone: 917-848-8018 License #40VE1117631 Listed on: 10/01/2024

Keller Williams Realty Group

Last Buyer's Agent

Yumairy Beltre

Keller Williams Realty Partner License #10401340104

Keller Williams Realty Partner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,074

Year Built

  • Built in 1942 | Remodeled in 2014

Lot Details

  • 2,178 Sq Ft Lot
  • Fenced

Parking

  • On-Street Parking

Property Views

  • Water Views

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Full Bathrooms

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Yonkers Early Childhood Academy Elementary School
  • Yonkers Middle School
  • Yonkers High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, heat
  • Assessor Parcel Number 1800-002-000-02115-000-0004

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,074

Year Built

Built in 1942 | Remodeled in 2014

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Contemporary, Townhouse
  • Property SubType: Quadruplex
  • Year Built: 1942
  • Year Built Effective: 2014
  • Attribution Contact: 917-848-8018
  • ResoBuildingAreaSource: PublicRecords
  • CurrentPrice: 1070000.00
  • MlsMajorChangeType: Sold
  • ListPrice_By_OriginalListPrice: 1.00000
  • ListPrice_By_LotSizeAcres: 17980000.0000
  • CurrentPrice_By_BuildingAreaTotal: 335.84432
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2014

Interior Features

  • Full Bathrooms: 7
  • Total Bedrooms: 10
  • Basement YN: No

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Fencing: Fenced
  • View: Water
  • Waterfront: No

Garage/Parking

  • Parking Description: On Street

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Baseboard, Hot Water
  • Sewer: Public Sewer
  • Utilities: Trash Collection Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Park
  • Senior Community: No
  • Association: No

Fee Information

  • Other Expense: 1200
  • Annual Water Sewer Expense: 3500

Schools

  • Middle School: Yonkers Middle School

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2178
  • Lot Features: Near Public Transit, Near School, Views
  • Parcel Number: 1800-002-000-02115-000-0004
  • Property Attached: No

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Heat

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 4
  • Separate Gas Meters: 4
  • Insurance Expense: 3500

Tax Info

  • Tax Annual Amount: 11074
  • Tax Year: 2024

MLS Schools

  • Elementary School: Yonkers Early Childhood Academy
  • High School: Yonkers High School

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2025 02/03/25 Sold $1,070,000 +19.0% $336 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/01/2024 10/01/24 For Sale $899,000 +627.7% $282 / Sq Ft
07/28/2014 07/28/14 Sold $123,540 -22.7% $39 / Sq Ft View Prior Sale
05/02/2014 05/02/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $159,900 -- $50 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carmen Vega

    Seller's Agent in 2025

    Carmen Vega

    Keller Williams Realty Group

    (917) 848-8018

    1 in this area

    40 Total Sales

    Carmen Vega
    Section Image

  • Y

    Buyer's Agent in 2025

    Yumairy Beltre

    Keller Williams Realty Partner

    1 in this area

    9 Total Sales

    Yumairy Beltre
    Section Image
  • Irene G Dasilva

    Seller's Agent in 2014

    Irene G Dasilva

    Irene G. DaSilva Real Estate

    (914) 403-3133

    14 Total Sales

    Irene G Dasilva
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: H6330371

OneKey® MLS
New York Westchester County Yonkers 10701 Lamartine Heights

54 Ravine Ave, Yonkers, NY

Sold

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