About 54 Ravine Avenue
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!
Features of 54 Ravine Avenue
| MLS® # | H6330371 |
|---|---|
| Price | $899,000 |
| Sold Price | $1,070,000 |
| Date Sold | February 3rd, 2025 |
| Bedrooms | 10 |
| Bathrooms | 7.00 |
| Full Baths | 7 |
| Square Footage | 3,186 |
| Acres | 0.05 |
| Taxes | $11,074 |
| Year Built | 1942 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Contemporary, Townhouse |
| Status | Closed |
Community Information
| Address | 54 Ravine Avenue |
|---|---|
| City | Yonkers |
| County | Westchester County |
| State | NY |
| Zip Code | 10701 |
| Adult 55+ Community | No |
Amenities
| Amenities | Park |
|---|---|
| Utilities | Trash Collection Public |
| Parking | On Street |
| View | Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Baseboard, Hot Water |
|---|---|
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
Exterior
| Lot Description | Near Public Transit, Near School, Views |
|---|---|
| Exterior | Brick, Vinyl Siding |
School Information
| District | Yonkers |
|---|---|
| Elementary | Yonkers Early Childhood Academy |
| Middle | Yonkers Middle School |
| High | Yonkers High School |
Additional Information
| Date Listed | October 1st, 2024 |
|---|---|
| Days on Market | 7 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Group |
|---|