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31 St. Andrews Place LLC 29 Saint Andrews Pl 12 Unit Apartment Building $2,272,553 CAD ($189,379 CAD/Unit) 8.04% Cap Rate Yonkers, NY 10705
Investment Highlights
- 12-Unit SRO/ Rooming House + Business For Sale | 8% Cap Rate | AirBnB Potential
- Open to Seller Financing
- Free Market Units-Non regulated
Executive Summary
*Seller Financing Possible*. 12 Unit SRO (Not Rent Control/ Not Rent Stabilized) includes both the property and an established rental business as part of the sale, offering immediate, turn-key income potential. LONG TERM TENANTS / NOT WEEKLY-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 |
$231,528
|
$30.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$231,528
|
$30.95
|
| Taxes |
$11,990
|
$1.60
|
| Operating Expenses |
$36,934
|
$4.94
|
| Total Expenses |
$48,924
|
$6.54
|
| Net Operating Income |
$182,604
|
$24.41
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $231,528 |
| Annual Per SF | $30.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $231,528 |
| Annual Per SF | $30.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,990 |
| Annual Per SF | $1.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $36,934 |
| Annual Per SF | $4.94 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $48,924 |
| Annual Per SF | $6.54 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $182,604 |
| Annual Per SF | $24.41 |
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
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Individual Locking Bedrooms
- Private Bathroom
- Smoke Detector
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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 | $9,588 CAD |
| Land Assessment | $5,205 CAD | Annual Taxes | $11,990 CAD ($1.41 CAD/SF) |
| Improvements Assessment | $4,383 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
1800-001-000-00125-000-0039-40
Land Assessment
$5,205 CAD
Improvements Assessment
$4,383 CAD
Total Assessment
$9,588 CAD
Annual Taxes
$11,990 CAD ($1.41 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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