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106 Newport Bridge Rd 5 Unit Apartment Building $1,400,000 ($280,000/Unit) Warwick, NY 10990
Executive Summary
5-Unit Multi-Family Portfolio (4-unit converted residence + separate SFH) in Warwick, NY – rare live-in + income opportunity.
Key Details:
- SFH (2BD/2BA, built ~2010) currently occupied rent-free by seller's family member; will be delivered vacant at closing.
- Multi-family: 4 units (2x1BD, 2x2BD), renovated ~2010, individual utilities (propane/electric per unit, well water, two septic systems – multi-family septic ~2008-2009).
- Strong rental history; two units month-to-month with turnover in spring for rent growth potential.
- Total ~6,691 sq ft on 0.217 acres (tax records); 2005 survey shows larger area – attached in Data Room.
Financials, current & projected P&L (showing current 3.89% cap & projected 6.52% stabilized cap), rent roll, survey, and virtual tour are in the Secure Data Room (Registration required for access).
All showings coordinated directly through LA Giovanni Lasalandra (no ShowingTime). Proof of funds or pre-approval letter required prior to scheduling.
Contact LA for complete package or to arrange private showing.
Giovanni Lasalandra | BHG Real Estate Green Team
Key Details:
- SFH (2BD/2BA, built ~2010) currently occupied rent-free by seller's family member; will be delivered vacant at closing.
- Multi-family: 4 units (2x1BD, 2x2BD), renovated ~2010, individual utilities (propane/electric per unit, well water, two septic systems – multi-family septic ~2008-2009).
- Strong rental history; two units month-to-month with turnover in spring for rent growth potential.
- Total ~6,691 sq ft on 0.217 acres (tax records); 2005 survey shows larger area – attached in Data Room.
Financials, current & projected P&L (showing current 3.89% cap & projected 6.52% stabilized cap), rent roll, survey, and virtual tour are in the Secure Data Room (Registration required for access).
All showings coordinated directly through LA Giovanni Lasalandra (no ShowingTime). Proof of funds or pre-approval letter required prior to scheduling.
Contact LA for complete package or to arrange private showing.
Giovanni Lasalandra | BHG Real Estate Green Team
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,400,000 | Building Class | C |
| Price Per Unit | $280,000 | Lot Size | 0.45 AC |
| Sale Type | Investment | Building Size | 6,691 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2010 |
| Zoning | 00415 | ||
| Price | $1,400,000 |
| Price Per Unit | $280,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 6,691 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2010 |
| Zoning | 00415 |
1 1
Property Taxes
| Parcel Number | 335489-025-000-0001-004.000-0000 | Total Assessment | $48,500 (2024) |
| Land Assessment | $12,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $36,400 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
335489-025-000-0001-004.000-0000
Land Assessment
$12,100 (2024)
Improvements Assessment
$36,400 (2024)
Total Assessment
$48,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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106 Newport Bridge Rd
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