September 7, 2022 – Will Kiriazidis of Horvath & Tremblay has successfully completed the sale of a 5-unit Multi-Family in Yonkers, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $995,000.
127 & 129-132 Scott Avenue is a two-story brick building that contains five (5) total units comprised of (2) 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 4,225 square feet of living area in 4,880 square feet of gross area on two parcels totaling 0.11 acres. The Property also features off-street parking with a two-car garage. The Property is not subject to ETPA or DHCR registrations and has been completely deregulated and all apartments are “free-market”. 127-129 Scott Avenue is well-located on the corner of Scott Avenue and Hyatt Avenue in southeast Yonkers. Southeast Yonkers is nestled between Interstate 87 and the Bronx River Parkway and offers a highly walkable neighborhood. This is an extremely transit oriented location and is just ½-mile from the Wakefield Train Station and 0.8 miles from the 241st Street Subway Station, and there are multiple bus stops in close proximity. Additionally, the Property features many area amenities for residents including numerous dining, entertainment, and retail options.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.