4 Convent Ave - Apartments FOR SALE


Yonkers, NY 10703- Northwest Yonkers
$1,700,000 USD
914-670-7065
4 Convent Ave, Yonkers, NY for Sale
$1,700,000 USD
Apartments - FOR SALE
1/55
null | 9.12% Cap Rate

4 Convent Ave
Yonkers, NY 10703
Northwest Yonkers


HIGHLIGHTS

  • 7 Units plus Storage Unit
  • 8.5% Cap Rate
  • Upside in Income

OVERVIEW

NuRealty Advisors is pleased to present 4 Convent Avenue in Yonkers, NY, offered at $1,700,000. The property features seven residential apartments (one 2-bedroom and six 3-bedrooms) and a storage unit. The property is located in a prime residential area in Yonkers. The property is a rent stabilized building offering a higher legal rent roll vs. actual rent roll, allowing a new owner to capture significant rental upside. Actual gross income of $201K is well below the legal rent of $216K; representing nearly $15K of upside. - Asking Price: $1,700,000 | Current NOI: $152K | Going-In Cap Rate: 9.12% For more information, please email Team@NuRealtyAdvisors.com

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

7

PRICE/UNIT

$242,857

CAP RATE

9.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

M

APN/PARCEL ID

1800-002-000-02440-000-0037

ASK ABOUT THIS PROPERTY

Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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Michael NukhoNuRealty Advisors, Inc.More Info
914-670-7065

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