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19 Units | 8% Cap Rate | Mixed-Use | Yonkers 2 Overlook Ter 16 Unit Apartment Building $3,900,000 ($243,750/Unit) 8.24% Cap Rate Yonkers, NY 10701
Investment Highlights
- 8.3% Cap Rate
- Mixed-Use property located in the downtown of Yonkers
Executive Summary
NuRealty Advisors is pleased to present 15 Locust Hill in Yonkers, NY, offered at $3,900,000. The property features a total of ninteetn (19) units (sixteen residential apartments
and three retail units). The layout consists of: fourteen 1-bedrooms, one 2-bedroom, one 4-bedroom and three retail units. The property is located in a prime residential area in
Yonkers.
• The property is a rent stabilized building. Actual gross income of $398K, offering upside potential in income. Located just foot steps from the Yonkers Metro North Train
and nested between all the sought out Yonkers Development.
• Asking Price: $3,900,000 | Current NOI: $322K | Going-In Cap Rate: 8.3%
For more information, please email Team@NuRealtyAdvisors.com
and three retail units). The layout consists of: fourteen 1-bedrooms, one 2-bedroom, one 4-bedroom and three retail units. The property is located in a prime residential area in
Yonkers.
• The property is a rent stabilized building. Actual gross income of $398K, offering upside potential in income. Located just foot steps from the Yonkers Metro North Train
and nested between all the sought out Yonkers Development.
• Asking Price: $3,900,000 | Current NOI: $322K | Going-In Cap Rate: 8.3%
For more information, please email Team@NuRealtyAdvisors.com
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$397,590
|
$23.67
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,928
|
$0.71
|
| Effective Gross Income |
$385,662
|
$22.96
|
| Taxes |
$16,589
|
$0.99
|
| Operating Expenses |
$47,570
|
$2.83
|
| Total Expenses |
$64,159
|
$3.82
|
| Net Operating Income |
$321,503
|
$19.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $397,590 |
| Annual Per SF | $23.67 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $11,928 |
| Annual Per SF | $0.71 |
| Effective Gross Income | |
|---|---|
| Annual | $385,662 |
| Annual Per SF | $22.96 |
| Taxes | |
|---|---|
| Annual | $16,589 |
| Annual Per SF | $0.99 |
| Operating Expenses | |
|---|---|
| Annual | $47,570 |
| Annual Per SF | $2.83 |
| Total Expenses | |
|---|---|
| Annual | $64,159 |
| Annual Per SF | $3.82 |
| Net Operating Income | |
|---|---|
| Annual | $321,503 |
| Annual Per SF | $19.14 |
Property Facts
| Price | $3,900,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $243,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8.24% | Building Size | 16,800 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1927/1969 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | A | ||
| Price | $3,900,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 16,800 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1927/1969 |
| Opportunity Zone |
Yes |
| Zoning | A |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-002-000-02018-000-0031 | Total Assessment | $16,000 |
| Land Assessment | $4,100 | Annual Taxes | $16,589 ($0.99/SF) |
| Improvements Assessment | $11,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-002-000-02018-000-0031
Land Assessment
$4,100
Improvements Assessment
$11,900
Total Assessment
$16,000
Annual Taxes
$16,589 ($0.99/SF)
Tax Year
2025
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