156 Palisade Ave
5 Unit Apartment Building $1,725,000 ($345,000/Unit) 8.81% Cap Rate Yonkers, NY 10701
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.
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
|
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 5 | - | - |
1 of 1
Walk Score®
Very Walkable (86)
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 |
ZONING
| Zoning Code | A |
