Investment 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%-
• Pro-forma cap rate of approximately 11% at market rents
• Three residential units, all on MTM leases allowing for immediate rent reset opportunity
• 20+ year anchor diner tenant with proven operating
  history
• Owner-owned laundry providing ancillary revenue
• All tenants pay their own utilities
• Free Market Building

For more information, please email
Team@NuRealtyAdvisors.com