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

156 Woodworth Avenue

156 Woodworth Avenue, Yonkers, NY 10701

Yonkers
$4,440,000

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