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156 Palisade Ave

5 Unit Apartment Building $1,725,000 ($345,000/Unit) 8.81% Cap Rate Yonkers, NY 10701

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Investment Highlights

2 Stores with leases, 2 car Garage
5 free market apts 4 three beds, 1 two bed

Billboard -leased

Executive Summary

Mixed use, cash cow! Great mix of income! 2 Stores with leases. 2 car garage, billboard and 5 apts. Vacant apt will be rentable condition prior to closing. Deli, same owner 20 years! Plenty of transportation. Plenty of upside on free market rental apts.

inc exp pdf

Financial Summary (Pro forma - 2024) Click Here to Access	Annual	Annual Per SF
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 (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	$99,999
Annual Per SF	$9.99

Operating Expenses
Annual	$99,999
Annual Per SF	$9.99

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	$1,725,000	Apartment Style	Mid Rise
Price Per Unit	$345,000	Building Class	C
Sale Type	Investment	Lot Size	0.07 AC
Cap Rate	8.81%	Building Size	7,124 SF
Sale Conditions	1031 Exchange	No. Stories	3
No. Units	5	Year Built	1891
Property Type	Multifamily	Parking Ratio	0.28/1,000 SF
Property Subtype	Apartment General Retail Storefront Retail/Residential

Price	$1,725,000
Price Per Unit	$345,000
Sale Type	Investment
Cap Rate	8.81%
Sale Conditions	1031 Exchange
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.07 AC
Building Size	7,124 SF
No. Stories	3
Year Built	1891
Parking Ratio	0.28/1,000 SF

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
4+3	5	-	-

PROPERTY TAXES

Parcel Number	1800-002-000-02026-000-0001	Total Assessment	$12,900 (2023)
Land Assessment	$4,000 (2023)	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$8,900 (2023)	Tax Year	2024