An exceptional opportunity to acquire an approximately 16,117-square-foot / 0.37-acre parcel in Yonkers, offering uncommon scale and redevelopment potential within an established residential market. The property includes an approximately 2,450-square-foot single-family residence originally constructed in 1915; however, the principal investment opportunity is the underlying land and its future potential. With its oversized lot, residential zoning, and strategic location, 127 Downing Street provides an attractive platform for an investor, developer, or owner-user. Potential strategies may include a multi-unit residential concept, boutique rental or condominium development, new construction, or other land-use configurations, subject to zoning, planning, and required governmental approvals.
The approximately 0.37-acre parcel is oversized relative to many surrounding residential properties, providing a meaningful advantage when evaluating future development concepts. The existing residence may be considered for redevelopment or removal, allowing a future owner to evaluate the site as a redevelopment canvas. The property is identified as residentially zoned; prospective purchasers should independently verify permitted uses, density, development parameters, subdivision potential, parking requirements, and all applicable regulations with the City of Yonkers Planning/Zoning and other governing authorities.
Yonkers continues to attract investment driven by its proximity to Manhattan, established transportation infrastructure, residential demand, and ongoing neighborhood revitalization. Metro-North provides convenient access to Manhattan, approximately 20–25 minutes away, while I-87, the Saw Mill River Parkway, and the Bronx River Parkway provide regional connectivity. The property is also near Getty Square revitalization, Hudson River waterfront redevelopment, local shopping and dining, schools, parks, and other community amenities. Continued infrastructure and neighborhood investment support Yonkers’ evolution as an increasingly attractive Westchester residential market.