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- LoopNet Team
2 Van Cortlandt Pk Ave
Yonkers, NY 10701
12 Units for Sale in Yonkers!! · Multifamily Property For Sale
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12 Units
INVESTMENT HIGHLIGHTS
- Near Yonkers Downtown
- Hardwood Flooring
- Masonry Construction
PROPERTY FACTS
| No. Units | 12 | Building Size | 10,076 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1901/2019 |
| Building Class | C | Parking Ratio | 0.29/1,000 SF |
| Lot Size | 0.07 AC | ||
| Zoning | Comm - Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 10,076 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1901/2019 |
| Parking Ratio | 0.29/1,000 SF |
| Zoning | Comm - Commercial |
ABOUT 2 VAN CORTLANDT PK AVE , YONKERS, NY 10701
NuRealty is proud to present the offering of 2 Van Cortland Park Avenue in Yonkers. Property is a 12 Unit consisting of Six 3BRs, One 2BRs, Four 1BRs and One Studio. Property is a masonry building that is located within 1 Mile from the Yonkers Downtown Metro North Train Station which is where all the tremendous development is taking place. Property offers an Actual NOI of $106,891.46 which is an asking CAP Rate of 6.11%. The units offer hardwood flooring and no railroads. The proposed debt structure offers an Interest Only loan for Year 1 which translates to Cash Flow After Debt Service of $52,422.71 which is a 11.98% Cash on Cash Return! In Year 2, after applying amortization the Cash on Cash Return is nearly 7%. Given the new rent laws, these assets allow investors to make money. Set-up is attached. Serious inquires and Principals Only. Please contact Michael Nukho 914-670-7065 MNukho@NuRealtyAdvisors.com and/or Lukasz Przybylek 914-479-2721 LukaszProperties@gmail.com
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
PROPERTY TAXES
| Parcel Number | 1800-001-000-00436-000-0058 | Improvements Assessment | $17,915 |
| Land Assessment | $1,778 | Total Assessment | $19,693 |
PROPERTY TAXES
