For Sale
$865,000

106 Ash StYonkers, NY 10701

Six-unit apartment building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a six-unit apartment building located at 106 Ash Street, Yonkers, NY 10701. The property boasts a total of 3,484 square feet and sits on a 37ft x 100ft lot. Built in 1896, this three-story building is zoned M and features six two-bedroom units. The property generates a strong net operating income (NOI) of $49,666, resulting in an attractive 5.74% capitalization rate. The asking price is $865,000. Tenants are responsible for heat and hot water, offering potential for increased revenue. Further upside potential exists due to below-market rents in several units. Conveniently located between Elm Street and Maple Street, this property offers excellent access to public transportation. It's just one block from bus stops (0008 and 0032) and a 20-minute walk from the Yonkers train station. This well-situated multifamily property presents a compelling investment opportunity with significant potential for growth and strong cash flow. The property's solid occupancy and convenient location make it an attractive addition to any investment portfolio.

Highlights

  • Tenant pays heat and hot water.
  • Below-market rents offer significant upside potential.
  • Conveniently located five blocks from bus routes 0008 and 0032, and a 20-minute walk to the Yonkers Train Station.

Property Details for 106 Ash St

Property type
Apartment buildings
Square Feet
3,484 SF
Year Built
1896
Buildings
1
Stories
3
Units
6

Location Insight

City
Yonkers
County
Westchester
State
New York
Latitude
40.9319288
Longitude
-73.8883757
106 Ash St, Yonkers, New York

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106 Ash St
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