New Listing - 03/29/2026
29 Saint Andrews Place, Yonkers, NY, 10705
1899
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.
Status:
Active
Type:
Commercial
Units:
12
Heating:
Hot Water, Natural Gas, Steam
Cooling:
Wall/Window Unit(s)
Basement:
Full, Storage Space, Walk-Out Access
Levels:
3
Parking:
7-car, Assigned, Driveway, Off Street, Parking Lot
Acreage:
0.13
Est. Taxes:
$8,700
Assessment
$7,000
Construction
Vinyl Siding
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Days on Market:
2
Appliances:
Freezer, Microwave, Refrigerator, Stainless Steel Appliance(s), Gas Water Heater
MLS #:
977907
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Jason Mitchell Real Estate NY 833-471-3747