Updated almost 8 years ago on . Most recent reply
Yonkers, NY
Is there anyone on BP that has knowledge about the market in Yonkers and/or submarkets?
Any information pertaining to investing in 3-4 units in Yonkers for rentals will be appreciated. I did some research on the internet & I will be driving to Yonkers today to check out the areas where I have been viewing properties at online but I would prefer to speak to someone about the market.
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I'm currently in contract to buy a 15 unit and 8 unit property in Yonkers. If you are buying 6 units or more you should be around a 10% cap rate. Smaller properties cap rates around 6-8% look to buy them at no more then $100K per unit. Several properties can be found right now using this criteria.