332 Walnut Street, Yonkers, NY 10701
Local realty services provided by:Better Homes and Gardens Real Estate Choice Realty
332 Walnut Street,Yonkers, NY 10701
$499,999
- 7 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: chintan trivedi
Office: re/max in the city
MLS#:993087
Source:OneKey MLS
Price summary
- Price:$499,999
About this home
Corner lot 332 Walnut Street offers a rare mixed-use commercial and residential opportunity in Yonkers with strong income-producing potential. This Victorian-era mixed-use structure with influence combines classic architectural character with practical long-term value. The DOB permits approved for a gut renovation and approval for 9 commercial washers and dryers. The property also benefits from grandfathered laundromat use, creating a valuable opportunity for an operator, investor, or owner-user looking to build out a service-based business in an established location.
The building includes 2 residential floors, with each floor offering 3 bedrooms and 2 bathrooms. Additional features include two separate basements with separate entrances, separate storage space near the parking area, and two attached outdoor parking spots. Positioned on a corner lot, the property receives excellent natural light and offers strong visibility.
For investment purposes, the property has projected gross income potential of approximately $154,000, estimated operating expenses of approximately $18,000, and a projected cap rate of approximately 15%. This creates a strong opportunity for buyers seeking a residential mixed-use commercial investment, owner-use potential, or a possible 1031 exchange option, subject to independent tax, legal, financial, and zoning review.
Conveniently located near daily services, retail, transportation, and neighborhood amenities, 332 Walnut Street combines commercial functionality, residential flexibility, architectural character, and long-term upside. With approved permits, grandfathered commercial use, multiple levels, private entrances, storage, and parking, this property presents a compelling opportunity in the Yonkers market.
All information regarding income projections, operating expenses, cap rate, permits, DOB approvals, zoning, grandfathered use, residential layout, taxes, build-out potential, permitted commercial use, and 1031 exchange eligibility should be independently verified by buyers and their representatives....
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Home facts
- Year built:1935
- Listing ID #:993087
- Added:1 day(s) ago
- Updated:May 01, 2026 at 01:42 AM
Rooms and interior
- Bedrooms:7
- Total bathrooms:6
- Full bathrooms:6
- Basement:Yes
Structure and exterior
- Year built:1935
- Lot Features:Corner Lot, Level
- Architectural Style:Victorian
- Construction Materials:Frame
Schools
- High school:Yonkers (School Choice)
- Middle school:Yonkers (School Choice)
- Elementary school:Yonkers (School Choice)
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$499,999
- Tax amount:$2,501 (2025)
Parking
- Total parking spaces:2
- Parking description:Attached, On Street, Parking Lot, Private
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