134 Hart Ave, Yonkers, NY 10704

Description

134 Hart Avenue, Yonkers, NY presents a unique opportunity to acquire an existing residential property together with adjacent land offering meaningful development and investment upside.

The property combines an existing home with a development concept that contemplates the construction of two additional detached two-family residences, potentially creating four new residential units and approximately 5,000 square feet of new construction, subject to zoning, engineering and municipal approvals.

What makes this offering particularly compelling is its flexibility. A purchaser can benefit from the value of the existing residence while evaluating the development potential of the adjoining land. The property offers multiple potential exit paths, including developing and selling the new residences, retaining the completed units as income-producing rentals, pursuing a phased development, or advancing approvals and repositioning the development opportunity.

Located in Yonkers and within Westchester County, 134 Hart Avenue benefits from its proximity to New York City and access to one of the region's established residential markets.

For investors and developers seeking an opportunity where existing real estate meets additional development potential, 134 Hart Avenue offers an increasingly difficult-to-find combination of location, residential utility and upside.

Development concepts are preliminary and subject to independent due diligence, zoning, engineering, governmental approvals and other applicable requirements.

Investment highlights

134 Hart Avenue presents a compelling residential investment and development opportunity in Yonkers, NY, combining an existing residence with adjacent land offering additional development potential. The current concept contemplates two new detached two-family homes, potentially adding four new residential units and approximately 5,000 square feet of new construction, subject to zoning, engineering and municipal approvals.

Key highlights include:

Existing residence of approximately 1,544 SF, providing an immediate residential asset.
Conceptual development of two additional two-family homes, approximately 2,500 SF each.
Potential for four additional dwelling units, creating a combined five-unit residential opportunity across the existing and proposed improvements.
Multiple potential exit paths, including develop-and-sell, build-and-hold for rental income, phased development, or entitlement and resale of the development component.
Opportunity to enhance land value through survey, engineering and municipal approvals, reducing development uncertainty for a future purchaser.
Located in Yonkers, providing access to a substantial Westchester County rental and housing market while maintaining proximity to New York City.
The offering provides a combination of existing residential value, development upside and multiple potential monetization paths within a single acquisition. All proposed development is conceptual and subject to independent verification and applicable municipal approvals.