Buy with Yoreevo
$1,620,142
List Price: $1,649,000
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29 Saint Andrews Place
House in Yonkers •  building info
studio • 5,663ft² $291 per ft²
Buy with Yoreevo

$1,620,142

List Price

$1,649,000

Key Details
Listed today
Last price change
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Estimated payment
$9,615/mo
Taxes
$717/mo
Maintenance
N/A
Description
Located in Yonkers (10705) turnkey/ Non-ETPA Regulated 12-unit SRO/rooming house; offers investors a rare opportunity to acquire both the income-producing property and the established room-rental business. The property is fully operational and generates strong cash flow with upside potential. The building currently produces $168,000 in gross annual income with low operating expenses of approximately $35,500, resulting in a net operating income of $132,500. At the current asking price, the investment delivers an approximately 8% cap rate. In addition to the real estate, the rooming house business is included in the sale, allowing the buyer to step into a fully functioning rental operation from day one. The property also benefits from zoning in Yonkers that permits short-term rentals, providing investors the option to increase revenue through platforms such as Airbnb or other short-term rental models. A 7-car driveway parking lot is included, providing additional convenience and value for tenants and guests. This is an excellent opportunity for investors seeking stable income, strong cash flow, and future upside through short-term rental conversion or rent optimization. Owner is Licensed Real Estate Agent.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,649,000
Asking Price: $1,649,000
Term
30 Years
Down Payment
$164,000 (10%)
Min: 10% (164,000)
Rate
6.0 %
Mortgage Amount
$1,484,100
Mortgage Payment
$8,898
Taxes
$717
Estimated Yoreevo rebate
$28,858
Estimated closing cost
$59,000
Total monthly cost $9,615
Buy your dream home with us and get an estimated $28,858 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Jason Mitchell NY

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