161 S Pearl St - Apartments FOR SALE


Pearl River, NY 10965
$2,150,000 USD
201-962-9553
161 S Pearl St, Pearl River, NY for Sale
$2,150,000 USD
Apartments - FOR SALE
1/34
null | 5.22% Cap Rate

161 S Pearl St
Pearl River, NY 10965


HIGHLIGHTS

  • 5 car detached double car garage
  • Plenty of off street parking
  • Fully occupied

OVERVIEW

Great INVESTMENT opportunity in the heart of Pearl River. This 7 unit apartment building also includes an income generating detached 5 double car garage (all separate doors). 5 units are 1 bed/1 bath, 2 units are 1 bed/1 bath plus bonus room. Private rear patio and plenty of off street driveway parking. Basement area includes coin operated building laundry and individual locked storage rooms for the residents. There is also an additional locked large storage basement area with separate exterior entrance. There are 7 separate electric meters, one for each unit. Note that there is one gas meter for the building. Currently landlord pays gas for tenant oven/stoves and baseboard heating, laundry machines and common area electric and all water/sewer charges. Only 1/2 mile distance to Pearl River train station and conveniently located near the bustling downtown district of Pearl River with its many restaurants, cafes and shops. Total building tax amount (school and town/county) based on 2025-2026, approximately $43,011. Buyer to confirm taxes.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

7

PRICE/UNIT

$307,143

CAP RATE

5.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.01 AC

LAND SF

436 SF

ZONING

CO

APN/PARCEL ID

392489-072-007-0001-020-000-0001,392489-072-007-0001-020-000-0002,392489-072-007-0001-020-000-0003,392489-072-007-0001-020-000-0004,392489-072-007-0001-020-000-0005,392489-072-007-0001-020-000-0006,392489-072-007-0001-020-000-0007

ASK ABOUT THIS PROPERTY

Sami MaaloufChristie's International Real EstateMore Info
201-962-9553

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Sami MaaloufChristie's International Real EstateMore Info
201-962-9553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.