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4-6 Page Ave 737 Yonkers Ave 34 Unit Apartment Building $6,700,416 CAD ($197,071 CAD/Unit) 8.32% Cap Rate Yonkers, NY 10704
INVESTMENT HIGHLIGHTS
- Heavy Traffic Area
- Low Vacancy
- Brand New Boiler
EXECUTIVE SUMMARY
Investment Opportunity: Prime Mixed-Use Property in Yonkers
Presenting a unique investment opportunity at 4-6 Page Ave, a well-positioned 34-unit mixed-use property in the sought-after Dunwoodie neighborhood of Yonkers, NY. This property offers a strategic blend of residential and commercial spaces, providing strong rental income potential and long-term value growth.
Property Highlights:
34 total units, including 2 commercial storefronts and 32 residential apartments
Commercial units offering additional income streams
Residential units subject to rent stabilization, ensuring stable and predictable cash flow
Brand-new high-efficiency boiler, providing enhanced energy savings and reducing future maintenance costs
Well-maintained building with on-site management and superintendent
Ample parking and convenient building access
Prime Location:
Easily accessible from major highways: Saw Mill River Parkway, Cross County Parkway, Hutchinson River Parkway, Bronx River Parkway, Sprain Brook Parkway, and I-87
Proximity to Cross County Shopping Mall and Empire City Casino, enhancing the area's appeal for both residents and businesses
This property combines stable income from rent-stabilized units with potential for future growth. With a new boiler in place, the building is poised for lower operational costs and enhanced tenant satisfaction. It’s an ideal addition to any investor’s portfolio, offering reliable returns in a high-demand location.
Don't miss this opportunity to capitalize on a solid investment with upside potential at 4-6 Page Ave.
Presenting a unique investment opportunity at 4-6 Page Ave, a well-positioned 34-unit mixed-use property in the sought-after Dunwoodie neighborhood of Yonkers, NY. This property offers a strategic blend of residential and commercial spaces, providing strong rental income potential and long-term value growth.
Property Highlights:
34 total units, including 2 commercial storefronts and 32 residential apartments
Commercial units offering additional income streams
Residential units subject to rent stabilization, ensuring stable and predictable cash flow
Brand-new high-efficiency boiler, providing enhanced energy savings and reducing future maintenance costs
Well-maintained building with on-site management and superintendent
Ample parking and convenient building access
Prime Location:
Easily accessible from major highways: Saw Mill River Parkway, Cross County Parkway, Hutchinson River Parkway, Bronx River Parkway, Sprain Brook Parkway, and I-87
Proximity to Cross County Shopping Mall and Empire City Casino, enhancing the area's appeal for both residents and businesses
This property combines stable income from rent-stabilized units with potential for future growth. With a new boiler in place, the building is poised for lower operational costs and enhanced tenant satisfaction. It’s an ideal addition to any investor’s portfolio, offering reliable returns in a high-demand location.
Don't miss this opportunity to capitalize on a solid investment with upside potential at 4-6 Page Ave.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $6,700,416 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $197,071 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 8.32% | Building Size | 26,592 SF |
| No. Units | 34 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | ||
| Zoning | BA - BA (Business A) zoning allows for general commercial uses such as retail, offices, and service businesses, often near residential neighborhoods. | ||
| Price | $6,700,416 CAD |
| Price Per Unit | $197,071 CAD |
| Sale Type | Investment |
| Cap Rate | 8.32% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 26,592 SF |
| No. Stories | 4 |
| Year Built | 1927 |
| Zoning | BA - BA (Business A) zoning allows for general commercial uses such as retail, offices, and service businesses, often near residential neighborhoods. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Smoke Detector
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 1800-006-000-06087-000-0067 | Total Assessment | $77,838 CAD (2024) |
| Land Assessment | $21,998 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $55,840 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1800-006-000-06087-000-0067
Land Assessment
$21,998 CAD (2024)
Improvements Assessment
$55,840 CAD (2024)
Total Assessment
$77,838 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
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4-6 Page Ave | 737 Yonkers Ave
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