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191 Park Ave 37 Unit Apartment Building $10,999,999 ($297,297/Unit) 4% Cap Rate Yonkers, NY 10703
Executive Summary
191 Park Ave in Yonkers, NY is a well-positioned 37-unit multifamily asset offering a rare combination of scale, income diversity, and operational efficiency in one of Westchester County’s strongest rental markets. The property features 37 residential units complemented by 20 on-site parking spaces and an additional 32 garages, creating multiple revenue streams beyond rental income. Tenants benefit from on-site laundry facilities, further enhancing convenience and supplemental income for ownership. All units are separately metered, significantly reducing landlord expenses and improving overall efficiency from an electrical standpoint. Located in a high-demand commuter market with close proximity to NYC, retail, and local amenities, the property consistently attracts a stable tenant base. With strong in place income and clear upside potential through rent growth and stabilization, 191 Park Ave presents an exceptional opportunity for investors seeking both immediate cash flow and long-term appreciation in a supply-constrained, high-demand submarket.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$904,536
|
$43.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$904,536
|
$43.93
|
| Taxes |
$175,332
|
$8.51
|
| Operating Expenses |
$264,864
|
$12.86
|
| Total Expenses |
$440,196
|
$21.38
|
| Net Operating Income |
$464,340
|
$22.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $904,536 |
| Annual Per SF | $43.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $904,536 |
| Annual Per SF | $43.93 |
| Taxes | |
|---|---|
| Annual | $175,332 |
| Annual Per SF | $8.51 |
| Operating Expenses | |
|---|---|
| Annual | $264,864 |
| Annual Per SF | $12.86 |
| Total Expenses | |
|---|---|
| Annual | $440,196 |
| Annual Per SF | $21.38 |
| Net Operating Income | |
|---|---|
| Annual | $464,340 |
| Annual Per SF | $22.55 |
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-002-000-02160-000-0045 | Total Assessment | $150,000 (2024) |
| Land Assessment | $30,300 (2024) | Annual Taxes | $175,332 ($8.51/SF) |
| Improvements Assessment | $119,700 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-002-000-02160-000-0045
Land Assessment
$30,300 (2024)
Improvements Assessment
$119,700 (2024)
Total Assessment
$150,000 (2024)
Annual Taxes
$175,332 ($8.51/SF)
Tax Year
2025
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191 Park Ave
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