Office Properties in Yonkers For Sale offer a unique investment opportunity for those looking to capitalize on the city's growing economy. With a diverse range of industries, including manufacturing, transportation, and recreation, Yonkers provides a solid foundation for businesses to thrive. Office Properties in Yonkers can represent a variety of investments, from single-story buildings to multi-story complexes, each offering a unique set of benefits and opportunities. The city's well-developed transportation infrastructure, including three commuter railroad lines and five parkways and thruways, makes it an attractive location for businesses that require easy access to Manhattan and other major areas in the region. Additionally, Yonkers is home to several institutions of higher education, including Sarah Lawrence College and Westchester Community College, which provide a skilled workforce and contribute to the city's economic growth. The city's many amenities, such as St. John's Riverside Hospital, Sherwood Park Cemetery, and Philipse Manor Hall, also make it an attractive location for businesses and residents alike. With its rich history, diverse economy, and convenient location, Yonkers is an excellent place to invest in Office Properties.
Yonkers, with its population of approximately 210,000, offers a unique blend of urban and suburban living. The city's Office Properties, with 10 listings available, provide a range of options for investors. In addition to Office Properties, Yonkers also offers Commercial Real Estate, with opportunities for retail and industrial development. Apartment Buildings are another option, with many complexes offering stunning views of the Hudson River. Shopping Centers, such as the Cross County Shopping Center, provide a hub for retail activity, while Hotels, like the Hyatt Place Yonkers, cater to the city's many visitors. With its diverse economy, convenient location, and many amenities, Yonkers is an attractive location for businesses and investors alike. Whether you're looking to invest in Office Properties or explore other opportunities, Yonkers has something to offer.
What is the average price per square foot for office properties in Yonkers?
The average price per square foot for office properties in Yonkers is $463 USD per square foot, with a total of 10 available listings, ranging in size from 5,284 square feet to 13,000 square feet, and offering an average cap rate of 8.54%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Yonkers, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rents.
- Class B office properties offer functional space with average amenities, often located in decent areas, and are suitable for smaller businesses or startups, providing a more affordable option.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and are often in need of renovation, making them a more budget-friendly option for entrepreneurs or small businesses.
