Log In/Sign Up
Your email has been sent.
406 Warburton Ave 8 Unit Apartment Building $1,395,000 ($174,375/Unit) 7.41% Cap Rate Hastings Hudson, NY 10706
Investment Highlights
- 8 Unit Walk-Up Overlooking the Hudson River
- Value-Add Potential For Additional Income Streams
- 7.41% Current Cap Rate
Executive Summary
National Multifamily is pleased to present 406 Warburton Avenue, an 8-unit fully ETPA multifamily property located in the desirable village of Hastings-on-Hudson, NY. The property is approximately 0.4 miles from the Hastings-on-Hudson Metro-North stop with service into Grand Central in Midtown Manhattan in under 40 minutes.
The building contains 6,828 rentable square feet across 4 stories and was built in 1900. The property is situated on a deep 0.12-acre through-lot extending from Warburton Avenue back to Marble Terrace. The building is comprised of eight two-bedroom residential units that are all rent regulated under ETPA. The landlord pays for the heat and hot water through two gas boilers.
The property offers consistent and predictable cash flow with limited turnover due to the long-term tenancy at the property. In addition to the stable cash flow, the Westchester County Rent Guidelines Board approved rent adjustments of 3.5% for one-year leases and 4.5% for two-year leases for rent stabilized apartments, effective October 1, 2026. The approved increases represent a departure from the lower adjustments adopted in recent years.
The building contains 6,828 rentable square feet across 4 stories and was built in 1900. The property is situated on a deep 0.12-acre through-lot extending from Warburton Avenue back to Marble Terrace. The building is comprised of eight two-bedroom residential units that are all rent regulated under ETPA. The landlord pays for the heat and hot water through two gas boilers.
The property offers consistent and predictable cash flow with limited turnover due to the long-term tenancy at the property. In addition to the stable cash flow, the Westchester County Rent Guidelines Board approved rent adjustments of 3.5% for one-year leases and 4.5% for two-year leases for rent stabilized apartments, effective October 1, 2026. The approved increases represent a departure from the lower adjustments adopted in recent years.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$176,637
|
$33.79
|
| Other Income |
$2,400
|
$0.46
|
| Vacancy Loss |
$3,533
|
$0.68
|
| Effective Gross Income |
$175,504
|
$33.58
|
| Taxes |
$28,399
|
$5.43
|
| Operating Expenses |
$43,704
|
$8.36
|
| Total Expenses |
$72,103
|
$13.79
|
| Net Operating Income |
$103,401
|
$19.78
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $176,637 |
| Annual Per SF | $33.79 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.46 |
| Vacancy Loss | |
|---|---|
| Annual | $3,533 |
| Annual Per SF | $0.68 |
| Effective Gross Income | |
|---|---|
| Annual | $175,504 |
| Annual Per SF | $33.58 |
| Taxes | |
|---|---|
| Annual | $28,399 |
| Annual Per SF | $5.43 |
| Operating Expenses | |
|---|---|
| Annual | $43,704 |
| Annual Per SF | $8.36 |
| Total Expenses | |
|---|---|
| Annual | $72,103 |
| Annual Per SF | $13.79 |
| Net Operating Income | |
|---|---|
| Annual | $103,401 |
| Annual Per SF | $19.78 |
Property Facts
| Price | $1,395,000 | Property Subtype | Apartment |
| Price Per Unit | $174,375 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 6,828 SF |
| Cap Rate | 7.41% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Price | $1,395,000 |
| Price Per Unit | $174,375 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.12 AC |
| Building Size | 6,828 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1900 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2607-004-070-00056-000-0007 | Total Assessment | $1,206,600 (2025) |
| Land Assessment | $348,000 (2025) | Annual Taxes | $28,399 ($4.16/SF) |
| Improvements Assessment | $858,600 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2607-004-070-00056-000-0007
Land Assessment
$348,000 (2025)
Improvements Assessment
$858,600 (2025)
Total Assessment
$1,206,600 (2025)
Annual Taxes
$28,399 ($4.16/SF)
Tax Year
2026
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
406 Warburton Ave