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Undisclosed Address #895962Yonkers, NY 10703

For Sale

$1,100,000

Smart Buyer Rebate $11,000

Massive 3-Family Brick Money-Maker + Bonus Income!
Turnkey | Cash-Flowing | High-ROI Opportunity

Welcome to this oversized 3-family gem sitting proudly on a spacious lot and packed with income-generating potential! This solid-brick home features a full semi-finished basement with soaring ceilings, oversized windows, a full bath, and its own private entrance/exit — ideal for future conversion or additional rental income.

Rental Breakdown & Income Potential:

Unit 1 (Owner's Unit): 4BR / 2BA | Spacious layout | Projected FMV: $4,111/mo

Unit 2A & 2B: (Two) 2BR / 1BA apartments | Current FMV: $3,058/mo each

Gross Potential from Units Alone: $10,227/mo – $122,724/year

But that’s not all. This property comes with:
A rented workshop
Three rented storage units
Driveway parking for 3–4 cars – also rentable for extra income!

Each unit has its own boiler, meaning tenants pay all utilities (electric, gas, heat, hot water). The owner's only expenses are below:

Taxes: $13,500/year

Hallway electric: $240/year

Insurance: $3,500/year

Total expenses: just $17,240/year

Current Rent Roll:

4BR Unit: $3,000/mo

2BR Units: $2,250/mo each

Gross: $94,200/year (with under-market rents!)

Net: $79,960/year | 7% CAP rate

With just modest rent increases to market value, this property can net $109,384/year, pushing your CAP rate up to 10%. That’s real investor math.

Options Galore:

Live in one unit and rent the rest

Hold for cash flow

Raise rents for upside

Delivered vacant or occupied — your choice
Perfect for:
Investors
House hackers
1031 buyers
Anyone looking for strong cash flow and long-term upside in a high-demand rental market

Opportunities like this don’t last. Reach out today to secure this true income-producing asset before it’s gone!

Listed by Maliki Cottrell

·

Shaw Properties

·

718-313-3004

Last updated August 02, 2025

·

Source: OneKey #895962

Listing Facts

  • TypeMulti-family
  • NeighborhoodAshburton
  • Bedrooms8
  • Bathrooms4
  • Days on Prevu36
  • Taxes$13,500/year

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

08/01/2025
Listed by Shaw Properties
$1,100,000

Property Details for Undisclosed Address #895962

Exterior

Construction

  • Number Of Units Total: 3
  • Year Built: 1918
  • Architectural Style: Other
  • Construction Materials: Brick

Measurements

  • Building Area Total: 3,750
  • Building Area Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.0
  • Gross Income: $94,200.00
  • Operating Expense: $17,240.00

Taxes

  • Tax Annual Amount: $13,500.00
  • Tax Year: 2023

Interior

Features

  • Flooring: Hardwood, Laminate
  • Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Galley Type Kitchen, Pantry, Washer/Dryer Hookup

Rooms

  • Basement: Full, Partially Finished, Walk-Out Access
  • Has Basement: Yes
  • Bathrooms Full: 4
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8

Other

Location

  • Tax Block: 2170
  • Tax Lot: 56

Parking

Parking

  • Carport Spaces: 4
  • Carport: Yes
  • Parking Total: 4

Schools

Elementary School

  • Elementary School: Yonkers
  • Elementary School District: Yonkers

High School

  • High School: Yonkers
  • High School District: Yonkers

Middle or Junior School

  • Middle Or Junior School: Yonkers
  • Middle Or Junior School District: Yonkers

Utilities

Equipment

  • Heating: Steam
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.