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12-14 N BroadwayYonkers, NY 10701
12-14 N Broadway
Asset ClassMultifamily, Mixed Use
overview of deal

Overview

Lee & Associates NYC is pleased to present exclusively for sale Mercantile Lofts, a boutique mixed-use loft conversion located at 12–14 North Broadway, Yonkers, NY 10701 (the “Property”). Originally constructed circa 1965 as a commercial building, the Property has been adaptively reused into a loft-style residential asset consisting of eight oversized residential units above a ground-floor commercial component. The residential units feature open layouts, large windows, and authentic loft characteristics that continue to resonate with tenants seeking unique housing options within Downtown Yonkers. Located along North Broadway within Yonkers’ rapidly improving downtown corridor, the Property is directly positioned to benefit from ongoing residential development, infrastructure investment, and increasing demand from commuters seeking transit-oriented housing alternatives outside Manhattan.

Investment Highlights

  • Fully Free Market Building

 

  • Boutique Mixed-Use Loft Asset Featuring 8 Oversized Residential Units Above Ground-Floor Retail

 

  • Opportunity to Increase Rental Income Through Unit Reconfiguration

 

  • Stable In-Place Cash Flow with Additional Upside Through Below Market Rents

 

  • Positioned within Yonkers' Rapidly Evolving Downtown Corridor
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12-14 N BroadwayYonkers, NY 10701
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