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19 Units | 8% Cap Rate | Mixed-Use | Yonkers 2 Overlook Ter 16 Unit Apartment Building $5,441,670 CAD ($340,104 CAD/Unit) 8.24% Cap Rate Yonkers, NY 10701
Investment Highlights
- 8.3% Cap Rate
- Mixed-Use property located in the downtown of Yonkers
Executive Summary
NuRealty Advisors is pleased to present 15 Locust Hill in Yonkers, NY, offered at $3,900,000. The property features a total of ninteetn (19) units (sixteen residential apartments
and three retail units). The layout consists of: fourteen 1-bedrooms, one 2-bedroom, one 4-bedroom and three retail units. The property is located in a prime residential area in
Yonkers.
• The property is a rent stabilized building. Actual gross income of $398K, offering upside potential in income. Located just foot steps from the Yonkers Metro North Train
and nested between all the sought out Yonkers Development.
• Asking Price: $3,900,000 | Current NOI: $322K | Going-In Cap Rate: 8.3%
For more information, please email Team@NuRealtyAdvisors.com
and three retail units). The layout consists of: fourteen 1-bedrooms, one 2-bedroom, one 4-bedroom and three retail units. The property is located in a prime residential area in
Yonkers.
• The property is a rent stabilized building. Actual gross income of $398K, offering upside potential in income. Located just foot steps from the Yonkers Metro North Train
and nested between all the sought out Yonkers Development.
• Asking Price: $3,900,000 | Current NOI: $322K | Going-In Cap Rate: 8.3%
For more information, please email Team@NuRealtyAdvisors.com
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$554,757
|
$33.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,643
|
$0.99
|
| Effective Gross Income |
$538,114
|
$32.03
|
| Taxes |
$23,147
|
$1.38
|
| Operating Expenses |
$66,374
|
$3.95
|
| Total Expenses |
$89,521
|
$5.33
|
| Net Operating Income |
$448,593
|
$26.70
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $554,757 |
| Annual Per SF | $33.02 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,643 |
| Annual Per SF | $0.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $538,114 |
| Annual Per SF | $32.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,147 |
| Annual Per SF | $1.38 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $66,374 |
| Annual Per SF | $3.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $89,521 |
| Annual Per SF | $5.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $448,593 |
| Annual Per SF | $26.70 |
Property Facts
| Price | $5,441,670 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $340,104 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8.24% | Building Size | 16,800 SF |
| Gross Rent Multiplier | 9.8 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1927/1969 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | A | ||
| Price | $5,441,670 CAD |
| Price Per Unit | $340,104 CAD |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 16,800 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1927/1969 |
| Opportunity Zone |
Yes |
| Zoning | A |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 1800-002-000-02018-000-0031 | Total Assessment | $22,325 CAD |
| Land Assessment | $5,721 CAD | Annual Taxes | $23,147 CAD ($1.38 CAD/SF) |
| Improvements Assessment | $16,604 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-002-000-02018-000-0031
Land Assessment
$5,721 CAD
Improvements Assessment
$16,604 CAD
Total Assessment
$22,325 CAD
Annual Taxes
$23,147 CAD ($1.38 CAD/SF)
Tax Year
2025
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19 Units | 8% Cap Rate | Mixed-Use | Yonkers | 2 Overlook Ter
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