Need help? Talk to an expert : 914-670-7065

156 Woodworth Avenue

156 Woodworth Avenue, Yonkers, NY 10701


Property Highlights

NuRealty Advisors Inc. is proud to present the Exclusive Listing for 156 Woodworth Avenue, Yonkers, NY 10701.  The property is a 26 Unit multifamily building consisting of Eighteen 1BRs, Seven 1.5BRs and One 3BR & 2Bath.  The property is a masonry construction and a walk-up.  The owners are nearly complete with the Oil to Gas Conversion leaving all the benefits to the purchaser.  Approximately $50K has been invested for this conversion.  The purchaser can file an MCI and increase rents accordingly.  The property is professionally managed by a third party management company.   The Return on Investment (ROI) is excellent.  At the asking price of $4.55M, using a 20% Equity Down Payment, and financing the transaction with an Interest Only option in Year 1, the property will offer returns as follows:  12.75% Cash-on-Cash, 6.14% Cap Rate, 11.42 Rent Gross Multiple and a Price Per Unit $175,000.   The transaction also offers a DHCR Legal Rent Roll of $470,450 while the Actual/Preferential Rent is $398,369.  That is an 18% opportunity to conveniently raise the rent roll.

Property Features

Asking Price: $4,440,000
Property Address: 156 Woodworth Avenue, Yonkers, NY 10701
Description: 26 Units
Layout: Eighteen 1BRs, Seven 1.5BRs & One 3BR&2Bath
Construction Type: Masonry
Numbers of Units: 26
Building Size: 18,235
No of Stories: 3
Year Built: 1905
Lot SF: 5,651

Nurealty Advisors INC

Keep In Touch

Request a Call Back