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97 Waverly St 5 Unit Apartment Building $1,500,000 ($300,000/Unit) 7.33% Cap Rate Yonkers, NY 10701
Executive Summary
An exceptional opportunity to own a fully free-market 5-unit multifamily in one of Yonkers’s most dynamic and rapidly growing rental corridors. 97 Waverly Street combines strong in-place income with meaningful upside, making it an ideal acquisition for both seasoned investors and those looking to expand their portfolio with a high-performing asset. This property offers a total of approximately 4,900+ square feet and includes multiple residential units with separate utilities, providing strong income-producing potential. Property features include a mix of unit layouts, recent updates in select apartments, and individual gas and electric meters. Some units have been renovated with modern kitchens featuring updated cabinetry, quartz countertops, and stainless steel appliances. Ideally situated near a variety of shopping, dining, and essential services, with convenient access to public transportation and major roadways. Nearby amenities include parks, waterfront attractions, and cultural destinations such as the Hudson River Museum and Beczak Environmental Education Center, as well as proximity to downtown Yonkers and the Metro-North train station for commuting options. Ideal for investors or owner-users seeking a centrally located property with income potential and access to a variety of neighborhood conveniences.
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Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$142,800
|
$28.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$142,800
|
$28.98
|
| Taxes |
$17,825
|
$3.62
|
| Operating Expenses |
$525
|
$0.11
|
| Total Expenses |
$18,350
|
$3.72
|
| Net Operating Income |
$124,450
|
$25.25
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $142,800 |
| Annual Per SF | $28.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $142,800 |
| Annual Per SF | $28.98 |
| Taxes | |
|---|---|
| Annual | $17,825 |
| Annual Per SF | $3.62 |
| Operating Expenses | |
|---|---|
| Annual | $525 |
| Annual Per SF | $0.11 |
| Total Expenses | |
|---|---|
| Annual | $18,350 |
| Annual Per SF | $3.72 |
| Net Operating Income | |
|---|---|
| Annual | $124,450 |
| Annual Per SF | $25.25 |
Property Facts
| Price | $1,500,000 | Building Class | B |
| Price Per Unit | $300,000 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,928 SF |
| Cap Rate | 7.33% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C-2 | ||
| Price | $1,500,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 7.33% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 4,928 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2024 |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,050 | 713 |
| 2+1 | 1 | $1,800 | 976 |
| 3+2 | 2 | $3,000 | 1,200 - 1,400 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-001-000-00478-000-0001 | Total Assessment | $14,500 |
| Land Assessment | $1,100 | Annual Taxes | $17,825 ($3.62/SF) |
| Improvements Assessment | $13,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-001-000-00478-000-0001
Land Assessment
$1,100
Improvements Assessment
$13,400
Total Assessment
$14,500
Annual Taxes
$17,825 ($3.62/SF)
Tax Year
2025
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97 Waverly St
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