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163 Stanley Pl 8 Unit Apartment Building $1,381,200 CAD ($172,650 CAD/Unit) 7% Cap Rate Yonkers, NY 10705
Investment Highlights
- Fully occupied and well-maintained—strong rental income.
- Convenient to public transportation, shops, and highways.
- Rare multi-family find—perfect for investors.
Executive Summary
This prime investment opportunity features a well-maintained 8-family building, all rent-stabilized, offering stable and consistent rental income. Each of the 8 spacious apartments is a 2-bedroom, 1-bathroom layout, ensuring high demand from tenants seeking comfortable living spaces. Ideally located just steps from the Yonkers waterfront, this property provides convenient access to public transportation, making commuting effortless. Residents can enjoy nearby restaurants, shops, and a vibrant community, adding to the building's appeal. With a high cap rate and low maintenance requirements, this property presents an excellent opportunity for investors looking for a reliable income-generating asset in a rapidly appreciating area.
Financial Summary (Actual - 2024) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) 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 | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $1,381,200 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $172,650 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7% | Building Size | 6,780 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | ||
| Zoning | A - A zoning in Westchester County typically permits low-density residential use, usually single-family homes on larger lots with limited development. | ||
| Price | $1,381,200 CAD |
| Price Per Unit | $172,650 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,780 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Zoning | A - A zoning in Westchester County typically permits low-density residential use, usually single-family homes on larger lots with limited development. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Very walkable
80/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-001-000-00183-000-0028 | Improvements Assessment | $18,830 CAD |
| Land Assessment | $3,002 CAD | Total Assessment | $21,832 CAD |
Property Taxes
Parcel Number
1800-001-000-00183-000-0028
Land Assessment
$3,002 CAD
Improvements Assessment
$18,830 CAD
Total Assessment
$21,832 CAD
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163 Stanley Pl
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