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288 Woodworth Ave 7 Unit Apartment Building $2,350,000 ($335,714/Unit) 6.75% Cap Rate Yonkers, NY 10701
INVESTMENT HIGHLIGHTS
- Fully Renovated Free Market
- Surrounded by new luxury and mixed-use developments
- Positioned in a high-growth Yonkers investment corridor
- Located near Lionsgate Studios and Hudson River projects
- Turnkey asset with low maintenance and strong income potential
EXECUTIVE SUMMARY
288 Woodworth Avenue – Fully Renovated 7-Unit Free Market Building in Prime Yonkers Location
Rare opportunity to own a legal free-market 7-unit property with no rent stabilization restrictions – offering true flexibility and strong income potential.
This building has been gut-renovated from top to bottom: all new boilers, plumbing, electrical, gas lines, foam insulation, sheetrock, custom kitchens, tiled bathrooms, siding, roof, and more. Each of the seven apartments has been completely rebuilt with modern finishes, making this a turnkey investment with minimal maintenance needs for years to come.
The property is located in the heart of a rapidly transforming area of Yonkers, just steps from major Hudson River development projects. Surrounding the property are brand-new luxury apartment buildings, mixed-use developments, and cultural anchors such as Lionsgate Studio. This surge of investment and revitalization makes 288 Woodworth Avenue ideally positioned to benefit from Yonkers’ continued growth.
Whether you’re an investor seeking stable, high-yield returns or looking to expand your portfolio in a booming market, this property checks all the boxes
Rare opportunity to own a legal free-market 7-unit property with no rent stabilization restrictions – offering true flexibility and strong income potential.
This building has been gut-renovated from top to bottom: all new boilers, plumbing, electrical, gas lines, foam insulation, sheetrock, custom kitchens, tiled bathrooms, siding, roof, and more. Each of the seven apartments has been completely rebuilt with modern finishes, making this a turnkey investment with minimal maintenance needs for years to come.
The property is located in the heart of a rapidly transforming area of Yonkers, just steps from major Hudson River development projects. Surrounding the property are brand-new luxury apartment buildings, mixed-use developments, and cultural anchors such as Lionsgate Studio. This surge of investment and revitalization makes 288 Woodworth Avenue ideally positioned to benefit from Yonkers’ continued growth.
Whether you’re an investor seeking stable, high-yield returns or looking to expand your portfolio in a booming market, this property checks all the boxes
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $335,714 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 6.75% | Building Size | 5,646 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | A-APTS - Apartment - High desity | ||
| Price | $2,350,000 |
| Price Per Unit | $335,714 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 5,646 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | A-APTS - Apartment - High desity |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | 650 |
PROPERTY TAXES
| Parcel Number | 1800-002-000-02117-000-0043 | Improvements Assessment | $10,000 |
| Land Assessment | $1,500 | Total Assessment | $11,500 |
PROPERTY TAXES
Parcel Number
1800-002-000-02117-000-0043
Land Assessment
$1,500
Improvements Assessment
$10,000
Total Assessment
$11,500
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288 Woodworth Ave
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