Berardi Realty
Listed by Berardi Realty
$1,995,000
14311 Route 9w
Details
APN 7.01
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 9,704
Units 17
Cap Rate 9.34%
NOI $186,234
Occupancy 95%
Pro-Forma Cap Rate 10.19%
Pro-Forma NOI $203,240
Year Built 1950
Acreage 2.250
Zoning 01 COM
Multifamily | 9.34% CAP | 17 Units
Marketing description
This fully renovated property at 14311 Route 9W in Ravena, NY. Property offers 16 brand-new apartments with an office, common area laundry room, and house in a prime location, just 20 minutes south of Albany and 2 hours north of New York City. The building has undergone a complete gut renovation, featuring 12 one-bedroom apartments and 4 studio units, all with separate electric and heat. The house rental has fully separate heat, hot water and electric. The owner provides hot water for the apartments. Situated on 2.12 acres, this property presents an excellent opportunity for investors seeking a turnkey multifamily asset in a growing area.
Listing Contacts
Berardi Realty
Listed by Berardi Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$186,234.00
$15,519.50/mo
Valuation Metrics
0
DSCR
9.34%
Cap Rate
9.34%
ROI
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