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256-258 Woodworth Ave 18 Unit Apartment Building $4,500,000 ($250,000/Unit) 7.33% Cap Rate Yonkers, NY 10701
Investment Highlights
- Mint Condition 18 Unit Apartment Building
- Prime Downtown Yonkers
- Strong Rent Roll
- 100% Occupied - Strong Rent Demand
- 5 minutes to Metro North Station
- Near Hudson River Waterfront Corridor
Executive Summary
Incredible investment opportunity featuring two attached income-producing apartment buildings sold together as one package: 256 & 258 Woodworth Ave. This 18-unit portfolio delivers a strong ROI with fully occupied units. Bonus Opportunity: 258 Woodworth Ave includes nearly 4,000 Sq Ft (parking for 10 vehicles) offering future development potential with proper approvals or opportunity to increase revenue by leasing out parking spaces. Outstanding transit-oriented location just minutes to the Ludlow Metro-North station, Hudson River waterfront, and local amenities. Capitalize on Yonkers' waterfront expansion and continuous corridor growth. Prime 1031 Opportunity. Updated Units. Minimal Landlord maintenance. Property is surrounded by Luxury New Developments, increasing rent rolls, rent demand, and property values. Please do not disturb the tenants.
Property Facts
| Price | $4,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $250,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 7.33% | Building Size | 20,463 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.69 | No. Stories | 4 |
| No. Units | 18 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 0.48/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | A - A | ||
| Price | $4,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 9.69 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 20,463 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | A - A |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
1 1
Moderately walkable
70/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $34,950 | |
| Land Assessment | $6,700 | Total Assessment | $41,650 |
Property Taxes
Parcel Numbers
Land Assessment
$6,700
Improvements Assessment
$34,950
Total Assessment
$41,650
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