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29 Saint Andrews Place, Yonkers, NY 10705

$1,649,000

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BEDS0 BATHS MLS#977907

STATUSActive PROPERTY TYPECommercial -

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Property Description

Located in Yonkers (10705) turnkey/ Non-ETPA Regulated 12-unit SRO/rooming house (LONG TERM TENANTS/NOT WEEKLY), 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.

29 Saint Andrews Place | MLS# 977907

This commercial property located at 29 Saint Andrews Place, Yonkers, NY 10705 is currently listed for sale with an asking price of $1,649,000. Search Yonkers real estate on www.laffey.com today.

Property Features

Property Type: Commercial -

Basement: Full, Storage Space, Walk-Out Access

Basement: Yes

Cooling: Wall/Window Unit(s)

Heating: Hot Water, Natural Gas, Steam

Lot Size: 0.13 Acres

Stories: 3.0

Taxes: $8,700

Year Built: 1899

Feature Descriptions

Appliances: Freezer, Microwave, Refrigerator, Stainless Steel Appliance(s), Gas Water Heater

Building Area Total: 5109

Business Type: Hotel/Motel

Cap Rate: 8

Days on Site: 19

Electric: 200+ Amp Service

Exterior: Vinyl Siding

Fencing: Vinyl

Flooring: Ceramic Tile, Laminate

Heating Zones: 1

On Market Date: 2026-03-29

Parcel Number: 1800-001-000-00125-000-0039-40

Parking Features: Assigned, Driveway, Off Street, Parking Lot

Parking Total: 7

Rental Term: Monthly

Security: yes

Security Features: Fire Alarm, Fire Sprinkler System, Smoke Detector(s), Video Cameras

Seller Concession: Yes

Sewer: Public Sewer

Units: 12

Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Water: Public

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Greenvale, NY 11548

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29 Saint Andrews Place, Yonkers, NY 10705

Property Description

29 Saint Andrews Place | MLS# 977907

Property Features

Feature Descriptions

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29 Saint Andrews Place, Yonkers, NY 10705

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