5209 York Road

Description

REAL ESTATE AUCTION featuring ON SITE and SIMULCAST ONLINE BIDDING!! Online Bidding Opens - Wednesday, March 25, 2026. Live On Site Auction - Friday, March 27, 2026 at 12:00 noon. List price is opening bid only. Live Auction Bidders – A deposit of $50,000, payable by cashier’s check, will be required of the purchaser at time and place of sale.Online Auction Bidders – A deposit of $50,000, payable by cashier’s check or wire, will be required of all online bidders prior to the start of the live auction. The deposit will be held in escrow until the completion of the auction and will be retained from the winning bidder. Other bidder deposits will be returned within one business day. Interested parties who do not provide a deposit in advance as stated above will not be permitted to bid.5209 York Road, known as McCabe Mansion, comprises a stately 23,841 square foot (GBA) three story marble building. The original portion of the building was constructed c. 1875 for a well-known bridge and tunnel builder of the era, and was subsequently expanded over the past 150 years. The building is arranged for approximately 50 office suites and garages, currently leased to a total of 23 tenants for a gross scheduled monthly rent of $19,665 for March of 2026. The property features surface parking, two garage bays with the potential for drive-through loading, high visibility pole sign and a daily traffic count of 17,731 (AADT). The auction provides an opportunity to purchase a high revenue building with a strong value-add proposition relating to management and operating expenses. There is also an excellent opportunity for comprehensive redevelopment for a variety of commercial and residential uses.