31 Saint Andrews Pl - Apartments FOR SALE


Yonkers, NY 10705- Ludlow
$1,649,000 USD
201-532-8907
31 Saint Andrews Pl, Yonkers, NY for Sale
$1,649,000 USD
Apartments - FOR SALE
1/27
null | 8.04% Cap Rate

31 Saint Andrews Pl
Yonkers, NY 10705
Ludlow


HIGHLIGHTS

  • 12-Unit SRO/ Rooming House + Business For Sale | 8% Cap Rate | AirBnB Potential

OVERVIEW

This legal twelve-unit rooming house includes both the property and an established rental business as part of the sale, offering immediate, turn-key income potential. The fully operational asset generates approximately $168,000 in gross annual income with operating expenses of $35,500, resulting in a net operating income of $132,500 and an approximate cap rate of 8%. The property features seven on-site parking spaces with a dedicated parking lot and is zoned to permit short-term rentals, creating additional upside through Airbnb or similar uses. With strong cash flow and flexible rental options, this is a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

12

PRICE/UNIT

$137,417

CAP RATE

8.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

31 St. Andrews Place LLC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

A

APN/PARCEL ID

1800-001-000-00125-000-0039-40

ASK ABOUT THIS PROPERTY

Kareem TawfikJason Mitchell Real Estate New Jersey, LLCMore Info
201-532-8907

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Kareem TawfikJason Mitchell Real Estate New Jersey, LLCMore Info
201-532-8907

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