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31 St. Andrews Place LLC 29 Saint Andrews Pl 12 Unit Apartment Building $1,649,000 ($137,417/Unit) 8.04% Cap Rate Yonkers, NY 10705
Investment Highlights
- 12-Unit SRO/ Rooming House + Business For Sale | 8% Cap Rate | AirBnB Potential
- Free Market Units-Non regulated
Executive Summary
This legal twelve-unit rooming house/SRO (Non-ETPA regulated) includes both the property and an established rental business as part of the sale, offering immediate, turn-key income potential. The fully operational asset generates approximately $168,000 in gross annual income with operating expenses of $35,500, resulting in a net operating income of $132,500 and an approximate cap rate of 8%. The property features seven on-site parking spaces with a dedicated parking lot and is zoned to permit short-term rentals, creating additional upside through Airbnb or similar uses. With strong cash flow and flexible rental options, this is a compelling investment opportunity.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$168,000
|
$37.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$168,000
|
$37.33
|
| Taxes |
$8,700
|
$1.93
|
| Operating Expenses |
$26,800
|
$5.96
|
| Total Expenses |
$35,500
|
$7.89
|
| Net Operating Income |
$132,500
|
$29.44
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $37.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Annual Per SF | $37.33 |
| Taxes | |
|---|---|
| Annual | $8,700 |
| Annual Per SF | $1.93 |
| Operating Expenses | |
|---|---|
| Annual | $26,800 |
| Annual Per SF | $5.96 |
| Total Expenses | |
|---|---|
| Annual | $35,500 |
| Annual Per SF | $7.89 |
| Net Operating Income | |
|---|---|
| Annual | $132,500 |
| Annual Per SF | $29.44 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Storage Space
- Heating
- Tile Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Wi-Fi
- Yard
- Basement
- Freezer
- Office
- Porch
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
1 1
Very walkable
80/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1800-001-000-00125-000-0039-40 | Total Assessment | $7,000 |
| Land Assessment | $3,800 | Annual Taxes | $8,700 ($1.93/SF) |
| Improvements Assessment | $3,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-001-000-00125-000-0039-40
Land Assessment
$3,800
Improvements Assessment
$3,200
Total Assessment
$7,000
Annual Taxes
$8,700 ($1.93/SF)
Tax Year
2025
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Presented by
Jason Mitchell Real Estate New Jersey, LLC
31 St. Andrews Place LLC | 29 Saint Andrews Pl
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