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Investment Highlights

  • Quiet, garden setting away from streets, low density tenancy
  • 2nd Floor apartment includes ladder-accessed attic, private vestibule and stairway. views of trees and common quad gardens
  • Easy walking distance to baseball diamond, middle school, public transportation, parks and pools

Data Room Click Here to Access

3 Units Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 90
  • 650 SF
  • Flex
  • $248,832 CAD ($382.82 CAD/SF)
  • -
Sale Type Investment
Sale Conditions 1031 Exchange
Description
Also available as a package!

Rumsey Gardens is a 2-story garden complex with frontage on the  corner of Rumsey Road and Spruce Street, with spacious lawns, child's play area and parking.  Close to public transportation, parks, recreation and places of worship.
Sale Notes
One of two 1-BR "Sponsor Exempt" 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board  Approvals by the development's bylaws. The exemptions expire if and only if a future owner occupies one.  

This package deal is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a "Two-Family Home" and occupy one unit while renting the other. Owner will consider selling each separately.
  • Unit 90 & 94 2A
  • 1,300 SF
  • Flex
  • $482,458 CAD ($371.12 CAD/SF)
  • -
Sale Type Owner User
Sale Conditions 1031 Exchange
APN/Parcel ID 0010-000-025-20010-000
Description
Here are TWO, 1-Bedroom, 2nd Floor Apartments for Sale as a package or individually!

Rumsey Gardens is a 2-story garden complex with frontage on the  corner of Rumsey Road and Spruce Street, with spacious lawns, child's play area and parking.  Close to public transportation, parks, recreation and places of worship.

This listing is for two one-bedroom, second floor co-op apartments, fully renovated and currently occupied at market rents.  Reliable cash flow.
Low taxes and maintenance, quiet off-street ambiance, close-by school and baseball recreation area.
Sale Notes
Two 1-BR "Sponsor Exempt" 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board  Approvals by the development's bylaws. The exemptions expire if and only if a future owner occupies one.  

This package deal is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a "Two-Family Home" and occupy one unit while renting the other. Owner will consider selling each separately.
  • Unit 94 2A
  • 650 SF
  • Flex
  • $248,832 CAD ($382.82 CAD/SF)
  • -
Sale Type Investment
Sale Conditions 1031 Exchange
Description
Also available as a package!

Rumsey Gardens is a 2-story garden complex with frontage on the  corner of Rumsey Road and Spruce Street, with spacious lawns, child's play area and parking.  Close to public transportation, parks, recreation and places of worship.
Sale Notes
One of two 1-BR "Sponsor Exempt" 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board  Approvals by the development's bylaws. The exemptions expire if and only if a future owner occupies one.  

This package deal is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a "Two-Family Home" and occupy one unit while renting the other. Owner will consider selling each separately.
Unit Unit Size Condo Use Price NOI
Unit 90 650 SF Flex $248,832 CAD ($382.82 CAD/SF) -
Unit 90 & 94 2A 1,300 SF Flex $482,458 CAD ($371.12 CAD/SF) -
Unit 94 2A 650 SF Flex $248,832 CAD ($382.82 CAD/SF) -

Unit 90

Unit Size
650 SF
Condo Use
Flex
Price
$248,832 CAD ($382.82 CAD/SF)
NOI
-

Unit 90 & 94 2A

Unit Size
1,300 SF
Condo Use
Flex
Price
$482,458 CAD ($371.12 CAD/SF)
NOI
-

Unit 94 2A

Unit Size
650 SF
Condo Use
Flex
Price
$248,832 CAD ($382.82 CAD/SF)
NOI
-

Unit 90

Unit Size 650 SF
Condo Use Flex
Price $248,832 CAD ($382.82 CAD/SF)
NOI -
Sale Type Investment
Sale Conditions 1031 Exchange
Description
Also available as a package!<br> <br> Rumsey Gardens is a 2-story garden complex with frontage on the&nbsp;&nbsp;corner of Rumsey Road and Spruce Street, with spacious lawns, child&#39;s play area and parking.&nbsp;&nbsp;Close to public transportation, parks, recreation and places of worship.</li></ul>
Sale Notes
One of two 1-BR &quot;Sponsor Exempt&quot; 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board&nbsp;&nbsp;Approvals by the development&#39;s bylaws. The exemptions expire if and only if a future owner occupies one.&nbsp;&nbsp;<br> <br> This package deal is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a &quot;Two-Family Home&quot; and occupy one unit while renting the other. Owner will consider selling each separately.</li></ul>
  • Evidences of Exemption
  • CAP Rate Spreadsheet 400
  • Unique Residential Rental Opportunity

Unit 90 & 94 2A

Unit Size 1,300 SF
Condo Use Flex
Price $482,458 CAD ($371.12 CAD/SF)
NOI -
Sale Type Owner User
Sale Conditions 1031 Exchange
APN/Parcel ID 0010-000-025-20010-000
Description
Here are TWO, 1-Bedroom, 2nd Floor Apartments for Sale as a package or individually! <br> <br> Rumsey Gardens is a 2-story garden complex with frontage on the&nbsp;&nbsp;corner of Rumsey Road and Spruce Street, with spacious lawns, child&#39;s play area and parking.&nbsp;&nbsp;Close to public transportation, parks, recreation and places of worship.<br> <br> This listing is for two one-bedroom, second floor co-op apartments, fully renovated and currently occupied at market rents.&nbsp;&nbsp;Reliable cash flow.<br> Low taxes and maintenance, quiet off-street ambiance, close-by school and baseball recreation area.</li></ul>
Sale Notes
Two 1-BR &quot;Sponsor Exempt&quot; 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board&nbsp;&nbsp;Approvals by the development&#39;s bylaws. The exemptions expire if and only if a future owner occupies one.&nbsp;&nbsp;<br> <br> This package deal is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a &quot;Two-Family Home&quot; and occupy one unit while renting the other. Owner will consider selling each separately.</li></ul>
  • Evidences of Exemption
  • CAP Rate Spreadsheet 400
  • Unique Residential Rental Opportunity

Unit 94 2A

Unit Size 650 SF
Condo Use Flex
Price $248,832 CAD ($382.82 CAD/SF)
NOI -
Sale Type Investment
Sale Conditions 1031 Exchange
Description
Also available as a package!<br> <br> Rumsey Gardens is a 2-story garden complex with frontage on the&nbsp;&nbsp;corner of Rumsey Road and Spruce Street, with spacious lawns, child&#39;s play area and parking.&nbsp;&nbsp;Close to public transportation, parks, recreation and places of worship.</li></ul>
Sale Notes
One of two 1-BR &quot;Sponsor Exempt&quot; 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board&nbsp;&nbsp;Approvals by the development&#39;s bylaws. The exemptions expire if and only if a future owner occupies one.&nbsp;&nbsp;<br> <br> This package deal is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a &quot;Two-Family Home&quot; and occupy one unit while renting the other. Owner will consider selling each separately.</li></ul>
  • Evidences of Exemption
  • CAP Rate Spreadsheet 400
  • Unique Residential Rental Opportunity

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 180,000 SF
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Building Class C
Floors 1
Typical Floor Size 1,800 SF
Year Built 1962
Lot Size 4.10 AC
Parking Ratio 1.11/1,000 SF
Zoning S-50 - Det-1 Fam 50ft - Residential low density

Amenities

  • Smoke Detector

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Picnic Area
  • Playground
  • Car Wash Area
  • Gas Range
  • Pet Play Area
  • Recycling
  • Trash Pickup - Door to Door
  • Walking/Biking Trails
  • Bicycle Storage
  • Public Transportation
  • Private Bathroom
  • Walk-Up
  • Smoke Detector
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
  • Listing ID: 39496048

  • Date on Market: 2026-02-19

  • Last Updated:

  • Address: 94 Spruce St, Yonkers, NY 10701

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