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3 Units * Free Market * Yonkers NY 16 Saratoga Ave 3 Unit Apartment Building $900,000 ($300,000/Unit) 5.30% Cap Rate Yonkers, NY 10705
Investment Highlights
- Free Market Building
- Substantial Upside in Income
Executive Summary
NuRealty Advisors Inc. is proud to present the Exclusive Listing for 16 Saratoga Avenue in Yonkers. The property is a Free-Market building offering 3 Units. The Layout is One-2BR and Two-3BR units. Substantial upside available in the rent roll of over $40K. For more information, please email Team@NuRealtyAdvisors.com
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,600
|
$37.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,178
|
$1.11
|
| Effective Gross Income |
$70,422
|
$35.89
|
| Taxes |
$9,119
|
$4.65
|
| Operating Expenses |
$13,513
|
$6.89
|
| Total Expenses |
$22,632
|
$11.54
|
| Net Operating Income |
$47,790
|
$24.36
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,600 |
| Annual Per SF | $37.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,178 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $70,422 |
| Annual Per SF | $35.89 |
| Taxes | |
|---|---|
| Annual | $9,119 |
| Annual Per SF | $4.65 |
| Operating Expenses | |
|---|---|
| Annual | $13,513 |
| Annual Per SF | $6.89 |
| Total Expenses | |
|---|---|
| Annual | $22,632 |
| Annual Per SF | $11.54 |
| Net Operating Income | |
|---|---|
| Annual | $47,790 |
| Annual Per SF | $24.36 |
Property Facts
| Price | $900,000 | Property Subtype | Apartment |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.30% | Building Size | 1,962 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1925 |
| Zoning | A - Multi-Family | ||
| Price | $900,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 12 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 1,962 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | A - Multi-Family |
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Exceptionally walkable
90/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1800-001-000-00121-000-0011 | Total Assessment | $7,735 |
| Land Assessment | $2,000 | Annual Taxes | $9,119 ($4.65/SF) |
| Improvements Assessment | $5,735 | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-001-000-00121-000-0011
Land Assessment
$2,000
Improvements Assessment
$5,735
Total Assessment
$7,735
Annual Taxes
$9,119 ($4.65/SF)
Tax Year
2025
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