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191 Park Ave 37 Unit Apartment Building $11,031,519 CAD ($298,149 CAD/Unit) 7% Cap Rate Yonkers, NY 10703
Executive Summary
Rare opportunity to acquire a 37-unit multifamily investment property in the heart of Yonkers, offering strong income potential with long-term upside. This well-maintained asset features separate utilities throughout, 20 parking spaces, 32 garages, and additional laundry income, creating multiple revenue streams for investors. Ideally located just minutes from public transportation, Metro-North trains, major highways, shopping, restaurants, schools, and local conveniences, making it highly attractive to tenants. With solid rental demand in the area and value-add potential, this property presents an exceptional opportunity for both seasoned and portfolio-expanding investors.
Property Facts
| Price | $11,031,519 CAD | Building Class | C |
| Price Per Unit | $298,149 CAD | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 20,592 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 37 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 2.53/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | MG - Multi-Family | ||
| Price | $11,031,519 CAD |
| Price Per Unit | $298,149 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 20,592 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 2.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MG - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 37 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-002-000-02160-000-0045 | Improvements Assessment | $165,059 CAD |
| Land Assessment | $41,782 CAD | Total Assessment | $206,841 CAD |
Property Taxes
Parcel Number
1800-002-000-02160-000-0045
Land Assessment
$41,782 CAD
Improvements Assessment
$165,059 CAD
Total Assessment
$206,841 CAD
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191 Park Ave
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