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11 Lawrence St Yonkers, NY 10705

OFF-MARKET Commercial real estate Google Maps
16,020 SF 0.08 ac lot Built 1913
Estimated value
No estimation on file for this property yet.
Property ID US63-2115802

Property summary

AI-generated overview

This exceptional investment opportunity presents an 11-unit multifamily property located at 11 Lawrence Street in Yonkers, New York. The property boasts a total of 16,020 square feet situated on a 0.08-acre lot. Each of the eleven units offers generous living space with five bedrooms, making them highly desirable rental properties. The building is exceptionally well-maintained, contributing to low operating expenses and maximizing the potential for strong cash flow. A significant advantage is that tenants are responsible for their own utilities, further reducing the owner's operational burden. The property's strategic location near schools, shopping centers, and public transportation ensures consistently high rental demand and tenant occupancy. This translates to a reliable and lucrative investment, ideal for those seeking a stable and profitable addition to their portfolio. The asking price for this turnkey investment property is $2,600,000. This presents a rare opportunity to acquire a well-established, high-performing multifamily building in a desirable location with significant potential for long-term growth and appreciation. The property's strong tenant base and low vacancy rates contribute to its overall financial strength and attractiveness to discerning investors. This is a truly exceptional opportunity not to be missed.

Property profile

Verified
Property type Commercial real estate
Year built 1913
Total area 16,020 SF
Lot 0.08 ac (3,485 SF)
UPID US63-2115802

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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