Log In/Sign Up
Your email has been sent.
2 Mill St
Yonkers, NY 10701
SOYO Lofts · Multifamily Property For Sale
·
26 Units
Investment Highlights
- 3 blocks to Metro North and under 30 minutes to Grand Central
- Resident lounge / conference area / fitness room
- Authentic brick-and-beam character
Executive Summary
Lee & Associates NYC is pleased to present exclusively for sale two mixed-use buildings located at 2 Mill Street and 12-14 North Broadway, Yonkers, NY 10701 (the “Properties” or the “Portfolio”). Located in the historic Statesman and McCann buildings, SOYO Lofts consists of 25 residential lofts, as well as ground floor commercial space. The structure dates to about 1914 and has been converted to loft style apartments with high ceilings, large windows, in unit laundry, tenant controlled HVAC, and access to shared amenities such as a lounge, conference area, and fitness room. Mercantile Lofts at 12–14 North Broadway is a mixed-use loft conversion of a former commercial building originally built around 1965. The property contains approximately eight residential loft units above a ground floor commercial component.
Both properties are currently operating below market rents, presenting a clear opportunity to drive revenue through strategic rent increases, improved revenue management, and targeted unit upgrades. The oversized unit layouts, particularly at North Broadway, provide additional upside through reconfiguration and optimization of bedroom counts. At the same time, the Portfolio benefits from stable, in-place cash flow, offering a balanced profile of current income and future growth. Overall, the Portfolio represents a compelling opportunity to acquire well-located assets in a rapidly growing commuter market with direct access to New York City and meaningful potential for revenue growth.
25 loft apartments in historic 1914 structure
Opportunity to significantly increase rents through voucher lease-up strategy
In-unit laundry + tenant-controlled HVAC
16 vacant storage units in basement portion
100% free market
Can be sold with 12-14 N Broadway Yonkers, NY 10701
Both properties are currently operating below market rents, presenting a clear opportunity to drive revenue through strategic rent increases, improved revenue management, and targeted unit upgrades. The oversized unit layouts, particularly at North Broadway, provide additional upside through reconfiguration and optimization of bedroom counts. At the same time, the Portfolio benefits from stable, in-place cash flow, offering a balanced profile of current income and future growth. Overall, the Portfolio represents a compelling opportunity to acquire well-located assets in a rapidly growing commuter market with direct access to New York City and meaningful potential for revenue growth.
25 loft apartments in historic 1914 structure
Opportunity to significantly increase rents through voucher lease-up strategy
In-unit laundry + tenant-controlled HVAC
16 vacant storage units in basement portion
100% free market
Can be sold with 12-14 N Broadway Yonkers, NY 10701
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Dining Room
- Family Room
- Recreation Room
Site Amenities
- Fitness Center
Property Taxes
| Parcel Number | 1800-002-000-02003-000-0042 | Improvements Assessment | $291,929 CAD |
| Land Assessment | $34,589 CAD | Total Assessment | $326,518 CAD |
Property Taxes
Parcel Number
1800-002-000-02003-000-0042
Land Assessment
$34,589 CAD
Improvements Assessment
$291,929 CAD
Total Assessment
$326,518 CAD
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
