29 Saint Andrews PL Yonkers, NY 10705
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 977900
Rental Info No
Year Built 1899
Annual Tax Amount $8,600
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi Family
Source onekey2
Property Description
The building currently produces $168,000 in gross annual income with low operating expenses of approximately $35,500, resulting in a net operating income of $132,500. At the current asking price, the investment delivers an approximately 8% cap rate.
In addition to the real estate, the rooming house business is included in the sale, allowing the buyer to step into a fully functioning rental operation from day one.
The property also benefits from zoning in Yonkers that permits short-term rentals, providing investors the option to increase revenue through platforms such as Airbnb or other short-term rental models.
A 7-car driveway parking lot is included, providing additional convenience and value for tenants and guests.
This is an excellent opportunity for investors seeking stable income, strong cash flow, and future upside through short-term rental conversion or rent optimization. Owner is Licensed Real Estate Agent.
Location
State NY
County Westchester County
Rooms
Basement Full, Storage Space, Walk-Out Access
Interior
Heating Hot Water, Natural Gas, Steam
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplace No
Appliance Freezer, Microwave, Refrigerator, Stainless Steel Appliance(s), Gas Water Heater
Exterior
Parking Features Assigned, Off Street, Parking Lot, Private
Fence Vinyl
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Total Parking Spaces 7
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Others
Special Listing Condition None
Nearby Locations