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6 Unit building Large apartments Upside 58 Caroline Ave 6 Unit Apartment Building $1,100,000 ($183,333/Unit) 6.02% Cap Rate Yonkers, NY 10705
Investment Highlights
- Good Size unit 3-4 Bedrooms Use
- Well positioned lots of future potential
- Close to all mass transit, retail, schools , parks etc
Executive Summary
I am pleased to present a 6 unit apartment building located at 58 Caroline Avenue in Yonkers , NY 10705. This is an exceptional multifamily asset with large apartments , low rents 3-4 bedroom apartments offering lots future upside potential . This is a rent stabilized building but has not been filed since 2012 Offering a opportunity for savvy investor , 1 unit will be delivered vacant at closing to get you going on the right foot . Don't miss out, perfect for all cash or 1031.POF NEEDED FOR SHOWINGS. C of O on file for building . Also C of O for partially finished basement .
POF NEEDED FOR SHOWINGS
POF NEEDED FOR SHOWINGS
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,210
|
$13.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,756
|
$0.41
|
| Effective Gross Income |
$121,454
|
$13.29
|
| Taxes |
$21,681
|
$2.37
|
| Operating Expenses |
$33,543
|
$3.67
|
| Total Expenses |
$55,224
|
$6.04
|
| Net Operating Income |
$66,230
|
$7.25
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $125,210 |
| Annual Per SF | $13.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,756 |
| Annual Per SF | $0.41 |
| Effective Gross Income | |
|---|---|
| Annual | $121,454 |
| Annual Per SF | $13.29 |
| Taxes | |
|---|---|
| Annual | $21,681 |
| Annual Per SF | $2.37 |
| Operating Expenses | |
|---|---|
| Annual | $33,543 |
| Annual Per SF | $3.67 |
| Total Expenses | |
|---|---|
| Annual | $55,224 |
| Annual Per SF | $6.04 |
| Net Operating Income | |
|---|---|
| Annual | $66,230 |
| Annual Per SF | $7.25 |
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.02% | Building Size | 9,138 SF |
| Gross Rent Multiplier | 8.8 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | A | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 8.8 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 9,138 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
| Zoning | A |
Amenities
Unit Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 6 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-001-000-00187-000-0044 | Total Assessment | $17,800 (2025) |
| Land Assessment | $2,100 (2025) | Annual Taxes | $21,681 ($2.37/SF) |
| Improvements Assessment | $15,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
1800-001-000-00187-000-0044
Land Assessment
$2,100 (2025)
Improvements Assessment
$15,700 (2025)
Total Assessment
$17,800 (2025)
Annual Taxes
$21,681 ($2.37/SF)
Tax Year
2026
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6 Unit building Large apartments Upside | 58 Caroline Ave