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161 S Pearl St 7 Unit Apartment Building $2,963,001 CAD ($423,286 CAD/Unit) 5.22% Cap Rate Pearl River, NY 10965
Investment Highlights
- 5 car detached double car garage
- Fully occupied
- Plenty of off street parking
Executive Summary
Great INVESTMENT opportunity in the heart of Pearl River. This 7 unit apartment building also includes an income generating detached 5 double car garage (all separate doors). 5 units are 1 bed/1 bath, 2 units are 1 bed/1 bath plus bonus room. Private rear patio and plenty of off street driveway parking. Basement area includes coin operated building laundry and individual locked storage rooms for the residents. There is also an additional locked large storage basement area with separate exterior entrance. There are 7 separate electric meters, one for each unit. Note that there is one gas meter for the building. Currently landlord pays gas for tenant oven/stoves and baseboard heating, laundry machines and common area electric and all water/sewer charges. Only 1/2 mile distance to Pearl River train station and conveniently located near the bustling downtown district of Pearl River with its many restaurants, cafes and shops. Total building tax amount (school and town/county) based on 2025-2026, approximately $43,011. Buyer to confirm taxes.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,963,001 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $423,286 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.01 AC |
| Cap Rate | 5.22% | Building Size | 5,795 SF |
| Gross Rent Multiplier | 11.9 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 2.42/1,000 SF |
| Zoning | CO | ||
| Price | $2,963,001 CAD |
| Price Per Unit | $423,286 CAD |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 11.9 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.01 AC |
| Building Size | 5,795 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.42/1,000 SF |
| Zoning | CO |
Amenities
- Smoke Detector
Unit Amenities
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Patio
Site Amenities
- Laundry Facilities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 594 - 800 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $788,248 CAD (2024) | |
| Land Assessment | $49,145 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $739,104 CAD (2024) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$49,145 CAD (2024)
Improvements Assessment
$739,104 CAD (2024)
Total Assessment
$788,248 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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161 S Pearl St
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