106 Ash St Yonkers, NY 10701
- Commercial real estate
- 3,484 SF
Current Use by Public Records
- Commercial real estate
Property Details for 106 Ash St
- Year built
- 1896
- Property size
- 3,484 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Yonkers
- County
- Westchester
- State
- New York
- Longitude
- -73.8883757
- Latitude
- 40.9319288
