714 Saw Mill River Rd

Yorktown Heights NY 10598

9600 sq. ft.

74052 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Le Grand Yorktown townhouses are located at 702-714 Saw Mill River Road in Yorktown Heights. Built in 2008, the original four 1200 square-foot units of the complex are fully rented, featuring 2 bedrooms, 2.5 bathrooms, and 2-car garages each. Since then, an additional unit with separately rented 2-bay garage has been constructed, and 3 more units with 2-car garages each and separately rented 6-bay garage and storage space are now under construction, for a total of 8 residential units and 8 bays of separately rented garage space. Existing and pro forma income and expenses yield a total NOI of $272,326 and cap rate of 6%. The area provides a tranquil environment in the heart of Westchester County, set across the New Croton Reservoir from the Kitchawan Preserve, and the property abuts the scenic Yorktown Heights Rail Trail. All within five minutes drive of Downtown Yorktown Heights, the IBM Thomas J. Watson Research Center, Mohansic Golf Course, and Locke Ledge Country Club.