775 Nepperhan Ave - Multi-Family FOR SALE


Yonkers, NY 10703- Northwest Yonkers
$1,035,000 USD
914-670-7065
775 Nepperhan Ave, Yonkers, NY for Sale
$1,035,000 USD
Multi-Family - FOR SALE
1/43
null | 6.01% Cap Rate

775 Nepperhan Ave
Yonkers, NY 10703
Northwest Yonkers


HIGHLIGHTS

  • Tenant Pay All Utilities
  • Free Market Property
  • Substantial Increase in Rent Available

OVERVIEW

NuRealty Advisors is pleased to present 775 Nepperhan Avenue, a Free-Market mixed-use investment opportunity in Yonkers, NY, offered at $1,035,000. The property features three residential apartments (one 1-bedroom and two 3-bedrooms), an owner-operated laundry room, and two ground-floor commercial units anchored by a long-standing diner with over 20 years of operating history. The second commercial unit is currently vacant and actively listed for rent, providing immediate income upside for the next owner. All residential tenants are on month-to-month leases, allowing a new owner to capture significant rental upside from day one. Current gross income of $104,833 is well below the market rent of $153,433; representing nearly $50,000 of in-place rental upside, or approximately 47% income growth at market. With all tenants paying their own utilities and a tenured commercial anchor, the asset offers the rare combination of stability and value-add execution. - Asking Price: $1,035,000 | Current NOI: $62,251 | Going-In Cap Rate: 6.01% - Owner-owned laundry - All tenants pay their own utilities - Free Market Building For more information, please email Team@NuRealtyAdvisors.com

FOR SALE DETAILS

PRICE

$1,035,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

5

PRICE/UNIT

$207,000

CAP RATE

6.01%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units | Free-Market | Tenants Pay Utilities

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

I

APN/PARCEL ID

1800-002-000-02423-000-0083-87

ASK ABOUT THIS PROPERTY

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

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

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

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