Amit Doshi & Shallini Mehra Of Meridian Capital Group Represent Sale Of Yonkers Multifamily For $3.39M

This multi-family asset, located at 632 Van Cortlandt Park Avenue in Yonkers, has been sold for $3,385,000. The property consists of 39 units and covers a total square footage of 34,808. The price per unit is approximately $86,794, and the price per square foot is around $97. The cap rate for this transaction is 8.7%, indicating a solid investment opportunity. The building is reported to be clean and well-maintained, situated in the Park Hill area, just 300 feet north of Van Cortlandt Park.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $3,385,000
• Units: 39
• Square Footage: 34,808
• Price per Unit: $86,794
• Price per Square Foot: $97
• Cap Rate: 8.7%
• Date of Transaction: 3/31/2026
• Broker Representatives: Amit Doshi & Shallini Mehra - Meridian Capital Group

Amit Doshi and Shallini Mehra from Meridian Capital Group represented the seller in this transaction, which marks the first sale of the property in 40 years. The long-term ownership underscores the significance of this real estate deal in the market.