NOT LISTED FOR SALE

70 Fairmount Ave Yonkers, NY 10701

Bryn Mawr Park Neighborhood
7 Beds
4 Baths
2,996 Sq Ft
2,783 Sq Ft Lot

Last Sold January 27, 2016

Last sale price $480,000 $160 Per Sq Ft

245 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Hot Water Heating System
  • Eat-In Kitchen

About This Home

As of January 2016

Huge Price Drop of Over $100k!!! Great Opportunity to Own a Very Well Maintained 4 family with 4 Individual Gas Boilers in Yonkers. Tenants pay heat, gas and electric. No leases. Units have been Updated and Well Maintained. Recent Upgrades Include: Kitchen & Bath in Above Ground Basement 1 Bedroom Unit Updated in 2012, Kitchen & Bath in 2nd Floor 1 Bedroom Unit Updated in 2010, Kitchen & Bath in 2nd Floor 2 Bedroom Unit Updated in 2009, Four (4) New Gas Boilers Installed in 2009, Windows Replaced in 2010, Chimney was Redone in 2014. An Additional Separately Taxed Corner Lot (72 Fairmont avenue) is included in the sale. Above Ground Basement Unit has Separate Side Entrance. Unfinished Walk Out Basement currently used as Laundry/Storage. Monthly Gross Income of $4,100 with potential upside ($49,200 Annually). Total expenses of $13,906. Net Operating Income of $35,294. Owner Wants to Hear All Reasonable Offers! Truly a must see!!!

Last Agent to Sell the Property

Peter Mul

Peterco Properties, Inc. Brokerage Phone: 914-281-1901 License #31MU1110903 Listed on: 03/30/2015

Last Buyer's Agent

Grace Borrani

Borrani Realty Corporation License #31BO0952203

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,128

Year Built

  • Built in 1915

Lot Details

  • 2,783 Sq Ft Lot
  • No Common Walls

Interior Spaces

  • 2,996 Sq Ft Home
  • Unfinished Basement
  • Walk-Out Basement
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway
  • On-Street Parking

Location

  • Property is near public transit

Schools

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

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for cooking gas, electricity, heat
  • Assessor Parcel Number 1800-002-000-02207-000-0065

Community Details

Overview

  • 4 Units

Recreation

  • Park

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,128

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Multi Family
  • Year Built: 1915
  • Attribution Contact: 914-281-1901
  • Village: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 4
  • Basement: Unfinished, Walk-Out Access
  • Total Bedrooms: 7
  • Living Area: 2996
  • Owner Pays: Insurance
  • SquareFootage: 2996.00
  • SquareFootageSource: Municipality

Garage/Parking

  • Total Parking Spaces: 2
  • Attached Garage: No
  • Garage: No
  • Parking Description: Driveway, On Street

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 4

Association/Amenities

  • Community Features: Park

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Other Expense: 1445

Schools

  • Middle School: Yonkers Middle School

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 0.0639
  • Lot Size Sq Ft: 2783
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 1800-002-000-02207-000-0065
  • Property Attached: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cooking Gas, Electricity, Heat

Multi Family

  • Units Total: 4
  • Separate Electric Meters: 4
  • Separate Gas Meters: 5
  • NumberOf1Bedrooms: 2
  • NumberOf2Bedrooms: 1
  • NumberOf3Bedrooms: 1

Tax Info

  • Tax Annual Amount: 8128
  • Tax Map Number: 1800-002-000-02207-000-0065

MLS Schools

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

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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Sold Price
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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
01/27/2016 01/27/16 Sold $480,000 -28.8% $160 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
03/30/2015 03/30/15 For Sale $674,000 -- $225 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Mul

    Peterco Properties, Inc.

    (914) 980-5849

    2 in this area

    31 Total Sales

    Peter Mul
    Section Image

  • G

    Buyer's Agent in 2016

    Grace Borrani

    Borrani Realty Corporation

    (914) 804-8903

    7 Total Sales

    Grace Borrani
    Section Image
See All Agents

Map

Source: OneKey® MLS

MLS Number: KEY4511890

OneKey® MLS
New York Westchester County Yonkers 10701 Bryn Mawr Park

70 Fairmount Ave, Yonkers, NY

Not Listed for Sale

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