NuRealty Advisors Inc. is proud to present the Exclusive Portfolio Listing for 12 Orchard Place (Eight 3BRs & Free Market), 20 Orchard Place (Eight 3BRs & Free Market), 28 Orchard Place (Ten 3BRs) and 138 Orchard Street (Nine 2BRs & One 1BR) all in Yonkers, NY 10701. The properties are a 36 Unit multifamily deal consisting of One 1BR, Nine 2BRs and Twenty Six 3BRs. The properties are masonry construction and a walk-up. The properties are professionally managed by a third party management company. The Return on Investment (ROI) are excellent. At the asking price of $7M, using a 20% Equity Down Payment, and financing the transaction with an Interest Only option in Year 1, the properties will offer returns as follows: 17.10% Cash-on-Cash, 6.74% Cap Rate, 10.13 Rent Gross Multiple and a Price Per Unit $194,444. The transaction also offers an increase in rental income from Actual (Collectible) Income to Legal Regulated Rent (for Rent Stabilized Bldgs) or to Market Rent (for Market Rent Bldgs) by up to 25%!!
|Property Address:||20 Orchard Place Orchard Street, Yonkers, NY 10703|
|Layout:||One 1BR, Nine 2BRs and Eight 3BRs|
|Numbers of Units:||18|
|No of Stories:||4|