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Wednesday, January 17, 2007

On The Market: HUDSON RIVER MULTIFAMILY



$1,595,000

WESTCHESTER: 1178 Warburton Avenue, Yonkers

A 114-year-old Victorian with five apartments: the largest has two bedrooms, one bath and three fireplaces; two have one bedroom and one bath; one has three bedrooms and a bath; and one is a studio. Jane McAfee, Houlihan Lawrence (914) 337-0400; www.houlihanlawrence.com.

TAXES: $22,100 a year

PROS: The largest apartment has oak floors and a renovated kitchen with trendy appliances. The house is perched high on a hill, affording grand views of the Hudson. The zoning for the 0.67-acre-lot allows for redevelopment to a condo complex.

CONS: The house is on a busy commercial street and requires a steep climb to the front door. And the Yonkers public school system has been troubled for decades.

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