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28-32 Van Cortlandt Park Ave 32 Van Cortlandt Ave 7 Unit Apartment Building $3,519,510 CAD ($502,787 CAD/Unit) 8.01% Cap Rate Yonkers, NY 10701
Executive Summary
7-Unit Income Property + Development Lot | Garage & Parking Income | Yonkers, NY
Rare opportunity to acquire a 7-unit multifamily building with an additional buildable lot, both sold together, in a prime Yonkers location near Van Cortlandt Park. 28–32 Van Cortlandt Park Ave offers scale, income, and future upside in one package.
The property features seven large residential units, including a bonus superintendent unit—ideal for a handyman, live-in super, or value-add conversion. Units are spacious and well-laid-out, appealing to long-term tenants and strong rental demand.
Three-car garage plus additional parking provide separate income potential, a major value driver in this high-density area.
The sale includes a separate adjacent lot measuring an additional 3,485 sq ft, bringing total lot size to approx. 6,970 sq ft. This extra lot significantly enhances the property’s long-term value, offering potential for future development, expansion, outdoor amenities, or resale upside (buyer to verify with municipality). Properties with this level of land flexibility are extremely rare in Yonkers.
Key Highlights:
7 large residential units
Bonus superintendent/handyman unit
3-car garage + parking income
Separate adjacent lot included (3,485 sq ft)
Total combined lot size approx. 6,970 sq ft
Strong rental demand location near Van Cortlandt Park
Building and lot sold together – no separation
This is a high-upside multifamily investment offering immediate income, parking revenue, and long-term development potential—perfect for investors looking to scale their portfolio with a value-add component.
Rare opportunity to acquire a 7-unit multifamily building with an additional buildable lot, both sold together, in a prime Yonkers location near Van Cortlandt Park. 28–32 Van Cortlandt Park Ave offers scale, income, and future upside in one package.
The property features seven large residential units, including a bonus superintendent unit—ideal for a handyman, live-in super, or value-add conversion. Units are spacious and well-laid-out, appealing to long-term tenants and strong rental demand.
Three-car garage plus additional parking provide separate income potential, a major value driver in this high-density area.
The sale includes a separate adjacent lot measuring an additional 3,485 sq ft, bringing total lot size to approx. 6,970 sq ft. This extra lot significantly enhances the property’s long-term value, offering potential for future development, expansion, outdoor amenities, or resale upside (buyer to verify with municipality). Properties with this level of land flexibility are extremely rare in Yonkers.
Key Highlights:
7 large residential units
Bonus superintendent/handyman unit
3-car garage + parking income
Separate adjacent lot included (3,485 sq ft)
Total combined lot size approx. 6,970 sq ft
Strong rental demand location near Van Cortlandt Park
Building and lot sold together – no separation
This is a high-upside multifamily investment offering immediate income, parking revenue, and long-term development potential—perfect for investors looking to scale their portfolio with a value-add component.
Property Facts
| Price | $3,519,510 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $502,787 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8.01% | Building Size | 6,066 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 0.49/1,000 SF |
| Zoning | M | ||
| Price | $3,519,510 CAD |
| Price Per Unit | $502,787 CAD |
| Sale Type | Investment |
| Cap Rate | 8.01% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 6,066 SF |
| No. Stories | 4 |
| Year Built | 1993 |
| Parking Ratio | 0.49/1,000 SF |
| Zoning | M |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 3 | - | - |
| 4+1 | 4 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1800-001-000-00436-000-0041 | Improvements Assessment | $14,898 CAD |
| Land Assessment | $3,964 CAD | Total Assessment | $18,862 CAD |
Property Taxes
Parcel Number
1800-001-000-00436-000-0041
Land Assessment
$3,964 CAD
Improvements Assessment
$14,898 CAD
Total Assessment
$18,862 CAD
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Yoso Properties
28-32 Van Cortlandt Park Ave | 32 Van Cortlandt Ave
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