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Free Market Bldg * 7 Units * Yonkers, NY 296 Woodworth Ave 7 Unit Apartment Building $2,150,000 ($307,143/Unit) 6.51% Cap Rate Yonkers, NY 10701
Investment Highlights
- Free Market Building
- Large Units with Tremendous Upside
Executive Summary
NuRealty Advisors Inc. is proud to present the 7 Unit, Free-Market Building available for sale in Yonkers, NY. The property consists of One-2BR and Six-4BRs. The property is located just footsteps away from the Yonkers Metro-North Train and is surrounded by all the new development taking place and the Lion Gates project. The Rent Roll has substantial upside given the Free-Market status. Over $110K of upsided available to unlock for the next investor. Contact Team@NuRealtyAdvisors.com for more information.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$205,572
|
$21.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,167
|
$0.64
|
| Effective Gross Income |
$199,405
|
$20.67
|
| Taxes |
$20,622
|
$2.14
|
| Operating Expenses |
$38,783
|
$4.02
|
| Total Expenses |
$59,405
|
$6.16
|
| Net Operating Income |
$140,000
|
$14.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $205,572 |
| Annual Per SF | $21.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,167 |
| Annual Per SF | $0.64 |
| Effective Gross Income | |
|---|---|
| Annual | $199,405 |
| Annual Per SF | $20.67 |
| Taxes | |
|---|---|
| Annual | $20,622 |
| Annual Per SF | $2.14 |
| Operating Expenses | |
|---|---|
| Annual | $38,783 |
| Annual Per SF | $4.02 |
| Total Expenses | |
|---|---|
| Annual | $59,405 |
| Annual Per SF | $6.16 |
| Net Operating Income | |
|---|---|
| Annual | $140,000 |
| Annual Per SF | $14.51 |
Property Facts
| Price | $2,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $307,143 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 6.51% | Building Size | 9,648 SF |
| Gross Rent Multiplier | 10 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | ||
| Zoning | A | ||
| Price | $2,150,000 |
| Price Per Unit | $307,143 |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 10 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 9,648 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1980 |
| Zoning | A |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-002-000-02117-000-0048 | Total Assessment | $17,700 |
| Land Assessment | $4,100 | Annual Taxes | $20,622 ($2.14/SF) |
| Improvements Assessment | $13,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-002-000-02117-000-0048
Land Assessment
$4,100
Improvements Assessment
$13,600
Total Assessment
$17,700
Annual Taxes
$20,622 ($2.14/SF)
Tax Year
2025
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Free Market Bldg * 7 Units * Yonkers, NY | 296 Woodworth Ave
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