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EIGHT BUILDING – 35 UNIT PACKAGE IN YONKERS FOR SALE!!!

$5,150,000
  • Listing type: Sold
  • Property type: Multi-Family

Property Description

Multi-Family

Location:
Yonkers

Property Address:

CONTACT NUREALTY ADVISORS INC. FOR FURTHER INFORMATION

Description:
35 Units

Layout:
One 4BRs,  Five 3BRs, Twenty-Six 2BRs and Three 1BRs

Construction Type:
Masonry & Frame

Return on Investment Based on Consolidated Level:

  • Price Per Unit:  $147K
  • Gross Rent Multiple: 8.83
  • Capitalization Rate:  7.39%
  • Cash-On-Cash Return:  14.81%
  • Recovery of Equity:  6.75 Years
  • Operating Expenditure Ration (OER):  32%

Asking Price:

$5,150,000.00

  • Entire portfolio is Gut-Rehabbed
  • All except one building is Free Market (not subject to DHCR)
  • Portfolio delivers clean properties that are professionally managed with growth rent potential and no major capital improvements necessary
  • Excellent opportunity within the Yonkers Market

Status:
UNDER CONTRACT

Map & Directions

Michael Nukho

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