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10 Burnside Ave 6 Unit Apartment Building $1,750,000 ($291,667/Unit) 6.59% Cap Rate Congers, NY 10920
INVESTMENT HIGHLIGHTS
- Each unit has separate utilities water, electric, and gas
- Huge parking lot
- Each unit has central air and laundry
EXECUTIVE SUMMARY
An investor's dream! This exceptional six-unit multi-family property is situated in the desirable Congers area, nestled within the sought-after Clarkstown School District. The building is updated and meticulously maintained, boasting impressive rental income with separate gas, electric, and water meters for each unit! It includes three 2-bedroom, 1-bathroom apartments and three 1-bedroom, 1-bathroom apartments, all equipped with private washers and dryers, hardwood flooring as seen, most with open-concept kitchens with dishwashers and microwaves, along with central air! Five out of the six units are currently rented. There is a huge parking lot located behind the building, with space for possibly 10+ vehicles. With possible town approval, there’s potential for a subdivision. Located just steps from Congers Lake and mere minutes from Rockland Lake, restaurants, shops, and offering an excellent commuting location!
PROPERTY FACTS
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $291,667 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 7,500 SF |
| Cap Rate | 6.59% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-15 & LS - Buyer and buyer's agent to confirm all information. | ||
| Price | $1,750,000 |
| Price Per Unit | $291,667 |
| Sale Type | Investment |
| Cap Rate | 6.59% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R-15 & LS - Buyer and buyer's agent to confirm all information. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Hardwood Floors
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 392089-044-015-0003-006-000-0000 | Improvements Assessment | $152,100 |
| Land Assessment | $27,900 | Total Assessment | $180,000 |
PROPERTY TAXES
Parcel Number
392089-044-015-0003-006-000-0000
Land Assessment
$27,900
Improvements Assessment
$152,100
Total Assessment
$180,000
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Presented by
J Realty Group
10 Burnside Ave
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