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4 Convent Ave 7 Unit Apartment Building Offered For Sale Yonkers, NY 10703
Investment Highlights
- 7 Units plus Storage Unit
- Upside in Income
- 8.5% Cap Rate
Executive Summary
NuRealty Advisors is pleased to present 4 Convent Avenue in Yonkers, NY, offered at $1,800,000. The property features seven residential apartments (one 2-bedroom and
six 3-bedrooms) and a storage unit. The property is located in a prime residential area in Yonkers.
The property is a rent stabilized building offering a higher legal rent roll vs. actual rent roll, allowing a new owner to capture significant rental upside. Actual gross income of $201K is well below the legal rent of $216K; representing nearly $15K of upside.
- Asking Price: $1,800,000 | Current NOI: $152K | Going-In Cap Rate: 8.5%
For more information, please email Team@NuRealtyAdvisors.com
six 3-bedrooms) and a storage unit. The property is located in a prime residential area in Yonkers.
The property is a rent stabilized building offering a higher legal rent roll vs. actual rent roll, allowing a new owner to capture significant rental upside. Actual gross income of $201K is well below the legal rent of $216K; representing nearly $15K of upside.
- Asking Price: $1,800,000 | Current NOI: $152K | Going-In Cap Rate: 8.5%
For more information, please email Team@NuRealtyAdvisors.com
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$201,297
|
$17.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,039
|
$0.52
|
| Effective Gross Income |
$195,258
|
$16.91
|
| Taxes |
$15,555
|
$1.35
|
| Operating Expenses |
$27,358
|
$2.37
|
| Total Expenses |
$42,913
|
$3.72
|
| Net Operating Income |
$152,345
|
$13.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $201,297 |
| Annual Per SF | $17.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,039 |
| Annual Per SF | $0.52 |
| Effective Gross Income | |
|---|---|
| Annual | $195,258 |
| Annual Per SF | $16.91 |
| Taxes | |
|---|---|
| Annual | $15,555 |
| Annual Per SF | $1.35 |
| Operating Expenses | |
|---|---|
| Annual | $27,358 |
| Annual Per SF | $2.37 |
| Total Expenses | |
|---|---|
| Annual | $42,913 |
| Annual Per SF | $3.72 |
| Net Operating Income | |
|---|---|
| Annual | $152,345 |
| Annual Per SF | $13.19 |
Property Facts
| Sale Type | Investment | Building Size | 11,550 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Apartment Style | Mid-Rise | Year Built | 1920 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Building Size | 11,550 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
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