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702 Saw Mill River rd 3 Unit Apartment Building Offered at $3,599,147 CAD at a 6% Cap Rate Yorktown Heights, NY 10598
Executive Summary
Academic co-Realty Services is pleased to represent the sale of Ricciardella Estates, at 702 Saw Mill River Road (State Route 118) in Yorktown Heights, New York. Located in southern Yorktown, the property measures just under one acre, with three new townhouses and a 6-bay garage fully leased. The property complements an existing five-unit townhouse complex next door at 714 Saw Mill River Road, currently off-market. The three new units yield a NOI of $157,200. 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 Research Center, Mohansic Golf Course, and Locke Ledge Country Club.
Property Facts
| Price | $3,599,147 CAD | Lot Size | 1.00 AC |
| Price Per Unit | $1,199,716 CAD | Building Size | 3,600 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6% | No. Stories | 2 |
| No. Units | 3 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 0.56/1,000 SF |
| Building Class | C | ||
| Zoning | CC - Country Commercial | ||
| Price | $3,599,147 CAD |
| Price Per Unit | $1,199,716 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 0.56/1,000 SF |
| Zoning | CC - Country Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 3 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 5400-059-014-00001-000-0018 | Improvements Assessment | $25,504 CAD |
| Land Assessment | $1,983 CAD | Total Assessment | $27,487 CAD |
Property Taxes
Parcel Number
5400-059-014-00001-000-0018
Land Assessment
$1,983 CAD
Improvements Assessment
$25,504 CAD
Total Assessment
$27,487 CAD
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Academic Co-Realty Services
702 Saw Mill River rd
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