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1 Riverside Dr 14 Unit Apartment Building $3,489,800 CAD ($249,271 CAD/Unit) 7.32% Cap Rate Sleepy Hollow Village, NY 10591
INVESTMENT HIGHLIGHTS
- Next to Metro North Train
- New Paved Driveway
- New Gas Boiler
EXECUTIVE SUMMARY
NuRealty Advisors Inc. is proud to present the Exclusive Listing for 1 Riverside Drive, Sleepy Hollow, NY.
Ideally located adjacent to the Philipse Manor Metro-North Station, this exceptional property offers magnificent views of the Hudson River and the Governor Mario M. Cuomo Bridge.
The property features 14 residential units, 10 outdoor parking spaces, and an on-site laundry room. The unit mix includes three 1-bedroom, seven 2-bedroom, and four 3-bedroom apartments.
Recent capital improvements include a new gas heating boiler and new blacktop paving for the driveway (completed October 2025). The property generates an annual gross income of approximately $315,000, with tremendous upside potential.
Nestled in a quiet residential neighborhood and just steps from the train, this property combines convenience, scenic surroundings, and solid investment fundamentals — truly a must-see opportunity.
Attractive financing is available through Walker & Dunlop, featuring 10 years of interest-only payments.
For more information, please contact Team@NuRealtyAdvisors.com
Ideally located adjacent to the Philipse Manor Metro-North Station, this exceptional property offers magnificent views of the Hudson River and the Governor Mario M. Cuomo Bridge.
The property features 14 residential units, 10 outdoor parking spaces, and an on-site laundry room. The unit mix includes three 1-bedroom, seven 2-bedroom, and four 3-bedroom apartments.
Recent capital improvements include a new gas heating boiler and new blacktop paving for the driveway (completed October 2025). The property generates an annual gross income of approximately $315,000, with tremendous upside potential.
Nestled in a quiet residential neighborhood and just steps from the train, this property combines convenience, scenic surroundings, and solid investment fundamentals — truly a must-see opportunity.
Attractive financing is available through Walker & Dunlop, featuring 10 years of interest-only payments.
For more information, please contact Team@NuRealtyAdvisors.com
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$440,298
|
$27.13
|
| Other Income |
$30,152
|
$1.86
|
| Vacancy Loss |
$13,210
|
$0.81
|
| Effective Gross Income |
$457,241
|
$28.18
|
| Taxes |
$109,335
|
$6.74
|
| Operating Expenses |
$92,337
|
$5.69
|
| Total Expenses |
$201,673
|
$12.43
|
| Net Operating Income |
$255,568
|
$15.75
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $440,298 |
| Annual Per SF | $27.13 |
| Other Income (CAD) | |
|---|---|
| Annual | $30,152 |
| Annual Per SF | $1.86 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $13,210 |
| Annual Per SF | $0.81 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $457,241 |
| Annual Per SF | $28.18 |
| Taxes (CAD) | |
|---|---|
| Annual | $109,335 |
| Annual Per SF | $6.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $92,337 |
| Annual Per SF | $5.69 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $201,673 |
| Annual Per SF | $12.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $255,568 |
| Annual Per SF | $15.75 |
PROPERTY FACTS
| Price | $3,489,800 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $249,271 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.69 AC |
| Cap Rate | 7.32% | Building Size | 16,228 SF |
| Gross Rent Multiplier | 7.93 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 0.62/1,000 SF |
| Zoning | R2 - Residential; Apartments | ||
| Price | $3,489,800 CAD |
| Price Per Unit | $249,271 CAD |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| Gross Rent Multiplier | 7.93 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 16,228 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 0.62/1,000 SF |
| Zoning | R2 - Residential; Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 7 | - | - |
| 3+1 | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 3401-115-007-00001-001-0000 | Total Assessment | $592,357 CAD (2024) |
| Land Assessment | $157,785 CAD (2024) | Annual Taxes | $109,335 CAD ($6.74 CAD/SF) |
| Improvements Assessment | $434,572 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
3401-115-007-00001-001-0000
Land Assessment
$157,785 CAD (2024)
Improvements Assessment
$434,572 CAD (2024)
Total Assessment
$592,357 CAD (2024)
Annual Taxes
$109,335 CAD ($6.74 CAD/SF)
Tax Year
2025
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1 Riverside Dr
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