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31 St. Andrews Place LLC 29 Saint Andrews Pl 12 Unit Apartment Building $2,283,848 CAD ($190,321 CAD/Unit) 8.04% Cap Rate Yonkers, NY 10705
Investment Highlights
- 12-Unit SRO/ Rooming House + Business For Sale | 8% Cap Rate | AirBnB Potential
- Free Market Units-Non regulated
Executive Summary
This legal twelve-unit rooming house/SRO (Non-ETPA regulated) includes both the property and an established rental business as part of the sale, offering immediate, turn-key income potential. The fully operational asset generates approximately $168,000 in gross annual income with operating expenses of $35,500, resulting in a net operating income of $132,500 and an approximate cap rate of 8%. The property features seven on-site parking spaces with a dedicated parking lot and is zoned to permit short-term rentals, creating additional upside through Airbnb or similar uses. With strong cash flow and flexible rental options, this is a compelling investment opportunity.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$232,678
|
$51.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$232,678
|
$51.71
|
| Taxes |
$12,049
|
$2.68
|
| Operating Expenses |
$37,118
|
$8.25
|
| Total Expenses |
$49,167
|
$10.93
|
| Net Operating Income |
$183,511
|
$40.78
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $232,678 |
| Annual Per SF | $51.71 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $232,678 |
| Annual Per SF | $51.71 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,049 |
| Annual Per SF | $2.68 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,118 |
| Annual Per SF | $8.25 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,167 |
| Annual Per SF | $10.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $183,511 |
| Annual Per SF | $40.78 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Storage Space
- Heating
- Tile Floors
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Wi-Fi
- Yard
- Basement
- Freezer
- Office
- Porch
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
1 1
Very walkable
80/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1800-001-000-00125-000-0039-40 | Total Assessment | $9,762 CAD |
| Land Assessment | $5,299 CAD | Annual Taxes | $12,049 CAD ($2.68 CAD/SF) |
| Improvements Assessment | $4,462 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-001-000-00125-000-0039-40
Land Assessment
$5,299 CAD
Improvements Assessment
$4,462 CAD
Total Assessment
$9,762 CAD
Annual Taxes
$12,049 CAD ($2.68 CAD/SF)
Tax Year
2025
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Presented by
Jason Mitchell Real Estate New Jersey, LLC
31 St. Andrews Place LLC | 29 Saint Andrews Pl
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