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775 Nepperhan Ave - 5 Units | Free-Market | Tenants Pay Utilities 5 Unit Apartment Building Offered at $1,415,714 CAD at a 6.01% Cap Rate Yonkers, NY 10703
Investment Highlights
- Tenant Pay All Utilities
- Substantial Increase in Rent Available
- Free Market Property
Executive Summary
NuRealty Advisors is pleased to present 775 Nepperhan Avenue, a Free-Market mixed-use investment opportunity in Yonkers, NY, offered at $1,035,000. The property features
three residential apartments (one 1-bedroom and two 3-bedrooms), an owner-operated laundry room, and two ground-floor commercial units anchored by a long-standing
diner with over 20 years of operating history. The second commercial unit is currently vacant and actively listed for rent, providing immediate income upside for the next
owner.
All residential tenants are on month-to-month leases, allowing a new owner to capture significant rental upside from day one. Current gross income of $104,833 is well below the market rent of $153,433; representing nearly $50,000 of in-place rental upside, or approximately 47% income growth at market. With all tenants paying their own utilities and a tenured commercial anchor, the asset offers the rare combination of stability and value-add execution.
- Asking Price: $1,035,000 | Current NOI: $62,251 | Going-In Cap Rate: 6.01%
- Owner-owned laundry
- All tenants pay their own utilities
- Free Market Building
For more information, please email Team@NuRealtyAdvisors.com
three residential apartments (one 1-bedroom and two 3-bedrooms), an owner-operated laundry room, and two ground-floor commercial units anchored by a long-standing
diner with over 20 years of operating history. The second commercial unit is currently vacant and actively listed for rent, providing immediate income upside for the next
owner.
All residential tenants are on month-to-month leases, allowing a new owner to capture significant rental upside from day one. Current gross income of $104,833 is well below the market rent of $153,433; representing nearly $50,000 of in-place rental upside, or approximately 47% income growth at market. With all tenants paying their own utilities and a tenured commercial anchor, the asset offers the rare combination of stability and value-add execution.
- Asking Price: $1,035,000 | Current NOI: $62,251 | Going-In Cap Rate: 6.01%
- Owner-owned laundry
- All tenants pay their own utilities
- Free Market Building
For more information, please email Team@NuRealtyAdvisors.com
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$143,395
|
$31.72
|
| Other Income |
$4,052
|
$0.90
|
| Vacancy Loss |
$4,302
|
$0.95
|
| Effective Gross Income |
$143,144
|
$31.67
|
| Taxes |
$27,429
|
$6.07
|
| Operating Expenses |
$30,566
|
$6.76
|
| Total Expenses |
$57,995
|
$12.83
|
| Net Operating Income |
$85,149
|
$18.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,395 |
| Annual Per SF | $31.72 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,052 |
| Annual Per SF | $0.90 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,302 |
| Annual Per SF | $0.95 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $143,144 |
| Annual Per SF | $31.67 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,429 |
| Annual Per SF | $6.07 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $30,566 |
| Annual Per SF | $6.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,995 |
| Annual Per SF | $12.83 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $85,149 |
| Annual Per SF | $18.84 |
Property Facts
| Price | $1,415,714 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $283,143 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,520 SF |
| Cap Rate | 6.01% | Average Occupancy | 80% |
| Gross Rent Multiplier | 9.87 | No. Stories | 3 |
| No. Units | 5 | Year Built | 1969 |
| Property Type | Multifamily | ||
| Zoning | I | ||
| Price | $1,415,714 CAD |
| Price Per Unit | $283,143 CAD |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 9.87 |
| No. Units | 5 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.14 AC |
| Building Size | 4,520 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1969 |
| Zoning | I |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
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775 Nepperhan Ave - 5 Units | Free-Market | Tenants Pay Utilities
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