33 Saint Andrews Place, Yonkers, NY, 10705
$975,000
activeBedrooms
11
Bathrooms
4
Lot Size
5,702 sqft
Year Built
1903
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
Investor Opportunity! Legal 3-Family with Walk-Out Basement in Yonkers! Excellent opportunity to own a legal three-family property in Yonkers with strong rental income potential, recent improvements, and significant upside for investors. Featuring three spacious units, a walk-out basement with a separate entrance, a large lot, and an expansive driveway - this property offers multiple avenues to maximize immediate returns and build long-term equity. The first-floor unit offers 4 bedrooms and 1 full bathroom, while the fully renovated second-floor unit features 4 bedrooms and 2 full bathrooms. The third-floor unit includes 3 bedrooms and 1 full bathroom. The 1st floor and 3rd floor units offer value-add potential and would benefit from some TLC, allowing an investor to renovate and increase rental income. All tenants are currently month-to-month except for the second-floor tenant (leased), offering flexibility for future management and repositioning. Major improvements completed in 2024–2025 include 2nd floor renovations, cast iron pipe replacement, a new hot water heater, a new oil tank, and a new boiler. The property features four electric meters and three gas meters, along with an above-ground oil tank for heating. Projected market rents are approximately $2,700+ per month for the first floor, $3,000+ for the second floor, and $2,500+ for the third floor, for a potential minimum gross rental income of $8,200 per month, or $98,400 annually. Based on stabilized operating performance just for 3 units, the property offers an estimated stabilized cap rate of 8.25%. The large lot and expansive driveway provide further possibilities, including the potential to add a parking lot for tenants. With an estimated after-repair value above $1,200,000, this property is an exceptional opportunity for investors seeking a value-add multifamily asset with strong income potential and long-term appreciation prospects in Yonkers. Bring your vision and unlock the full potential of this income-producing property!
Listed by Elias Batarseh, Real Broker NY LLC
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Oct 29, 2026, 4:58 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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