406 Warburton Ave - Apartments FOR SALE


Hastings Hudson, NY 10706
$1,395,000 USD
917-946-5425
406 Warburton Ave, Hastings Hudson, NY for Sale
$1,395,000 USD
Apartments - FOR SALE
1/10
null | 7.41% Cap Rate

406 Warburton Ave
Hastings Hudson, NY 10706


HIGHLIGHTS

  • 8 Unit Walk-Up Overlooking the Hudson River
  • 7.41% Current Cap Rate
  • Value-Add Potential For Additional Income Streams

OVERVIEW

National Multifamily is pleased to present 406 Warburton Avenue, an 8-unit fully ETPA multifamily property located in the desirable village of Hastings-on-Hudson, NY. The property is approximately 0.4 miles from the Hastings-on-Hudson Metro-North stop with service into Grand Central in Midtown Manhattan in under 40 minutes. The building contains 6,828 rentable square feet across 4 stories and was built in 1900. The property is situated on a deep 0.12-acre through-lot extending from Warburton Avenue back to Marble Terrace. The building is comprised of eight two-bedroom residential units that are all rent regulated under ETPA. The landlord pays for the heat and hot water through two gas boilers. The property offers consistent and predictable cash flow with limited turnover due to the long-term tenancy at the property. In addition to the stable cash flow, the Westchester County Rent Guidelines Board approved rent adjustments of 3.5% for one-year leases and 4.5% for two-year leases for rent stabilized apartments, effective October 1, 2026. The approved increases represent a departure from the lower adjustments adopted in recent years.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

8

PRICE/UNIT

$174,375

CAP RATE

7.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

2607-004-070-00056-000-0007

ASK ABOUT THIS PROPERTY

Matt CawleyNational MultifamilyMore Info
917-946-5425

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

Matt CawleyNational MultifamilyMore Info
917-946-5425

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