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79 Yaun Ave 36 Unit Apartment Building $4,500,000 ($125,000/Unit) 7.67% Cap Rate Liberty, NY 12754
Investment Highlights
- Fully Occupied 36-Unit Community Six-building apartment complex with strong occupancy and immediate cash flow.
- Extensive Recent Capital Improvements Roofs, gutters, parking lot improvements, security system, exterior lighting, and apartment renovations complete
- No Deferred Maintenance Professionally maintained asset with significant ownership investment and limited near-term capital requirements.
- Proven Rental Upside Path from a 7.67% current cap rate to an 8.92% pro forma cap rate based on rents already achieved within the property.
- Favorable Utility Structure Tenants pay their own electric, heat, hot water, and cooking utilities.
Executive Summary
79 Yaun Avenue presents the opportunity to acquire a fully occupied 36-unit multifamily community located in Liberty, New York. The property consists of six residential buildings situated on approximately 1.62 acres and benefits from a long history of ownership investment, operational stability, and strong tenant demand.
The asset has undergone substantial capital improvements over the past several years, including roof replacements, parking lot improvements, security enhancements, exterior lighting upgrades, apartment renovations, and numerous mechanical system updates. Ownership has systematically improved units as needed, resulting in a well-maintained apartment community with limited deferred maintenance requirements.
The property generates approximately $345,227 in current annual net operating income and offers investors a clearly demonstrated path toward approximately $401,384 in annual net operating income through continued rent optimization. Unlike many value-add opportunities, the pro forma assumptions are supported by rents already being achieved within comparable renovated units at the property.
79 Yaun Avenue offers investors a rare combination of strong in-place cash flow, recent capital improvements, favorable utility structure, and measurable upside potential.
The asset has undergone substantial capital improvements over the past several years, including roof replacements, parking lot improvements, security enhancements, exterior lighting upgrades, apartment renovations, and numerous mechanical system updates. Ownership has systematically improved units as needed, resulting in a well-maintained apartment community with limited deferred maintenance requirements.
The property generates approximately $345,227 in current annual net operating income and offers investors a clearly demonstrated path toward approximately $401,384 in annual net operating income through continued rent optimization. Unlike many value-add opportunities, the pro forma assumptions are supported by rents already being achieved within comparable renovated units at the property.
79 Yaun Avenue offers investors a rare combination of strong in-place cash flow, recent capital improvements, favorable utility structure, and measurable upside potential.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$571,203
|
$13.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,136
|
$0.40
|
| Effective Gross Income |
$554,067
|
$13.02
|
| Taxes |
$75,710
|
$1.78
|
| Operating Expenses |
$133,130
|
$3.13
|
| Total Expenses |
$208,840
|
$4.91
|
| Net Operating Income |
$345,227
|
$8.11
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $571,203 |
| Annual Per SF | $13.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $17,136 |
| Annual Per SF | $0.40 |
| Effective Gross Income | |
|---|---|
| Annual | $554,067 |
| Annual Per SF | $13.02 |
| Taxes | |
|---|---|
| Annual | $75,710 |
| Annual Per SF | $1.78 |
| Operating Expenses | |
|---|---|
| Annual | $133,130 |
| Annual Per SF | $3.13 |
| Total Expenses | |
|---|---|
| Annual | $208,840 |
| Annual Per SF | $4.91 |
| Net Operating Income | |
|---|---|
| Annual | $345,227 |
| Annual Per SF | $8.11 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Linen Closet
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Security System
- Gas Range
- Maintenance on site
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | $1,325 | 1,005 |
| 3+1 | 12 | $1,500 | 1,140 |
| 2+1.5 | 8 | $1,500 | 1,348 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3601-106-0-0004-001-000 | Total Assessment | $743,000 |
| Land Assessment | $28,000 | Annual Taxes | $75,710 ($1.78/SF) |
| Improvements Assessment | $715,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
3601-106-0-0004-001-000
Land Assessment
$28,000
Improvements Assessment
$715,000
Total Assessment
$743,000
Annual Taxes
$75,710 ($1.78/SF)
Tax Year
2025
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Presented by
Spring St Group LLc - 51 Forest rd Monroe NY 10950
79 Yaun Ave
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