Description
The subject property is a corner multifamily building located in Yonkers, NY. The structure consists of 4 residential units, containing a 1, 2, 3 and 4 bedroom units. The units are all separately metered an very well maintained. The main structure is comprised of three units. The fourth unit is to the rear of the main building. The property collects a total of $88,164 bringing the cap rate to a beautiful 7.11%. With room to increase the rents and utilize the parking lot behind the structure, the projected GOI comes to $107,700 which brings the cap rate up to 9.21%. Financials are available upon request.
-
10BEDS
-
0.05ACRES
-
0BATHS
-
01/2 BATHS
-
2,668SQFT
-
$384$/SQFT
School Information
Description
The subject property is a corner multifamily building located in Yonkers, NY. The structure consists of 4 residential units, containing a 1, 2, 3 and 4 bedroom units. The units are all separately metered an very well maintained. The main structure is comprised of three units. The fourth unit is to the rear of the main building. The property collects a total of $88,164 bringing the cap rate to a beautiful 7.11%. With room to increase the rents and utilize the parking lot behind the structure, the projected GOI comes to $107,700 which brings the cap rate up to 9.21%. Financials are available upon request.
© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Howard Hanna Rand Realty. Data last updated: 2021-02-26T12:17:34.243.