5-7-9 Baker St | 5 Baker St
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5-7-9 Baker St 5 Baker St
11 Unit Block of Flats £2,117,906 (£192,537/Unit) 6.33% Net Initial Yield Mohegan Lake, NY 10547
Investment Highlights
- Located between Cortlandt Town Shopping Center
- Long term tenants
- Parking for all tenants
- Adjacent to new Shop-Rite and new shopping center
- Commercial vehicle parking
- owner financing available
Executive Summary
The newest available investment opportunity in Northern Westchester. These bungalow style apartments are on a sizable lot right in the heart of Mohegan Lake. Located in an extremely desirable location, adjacent to the popular Cortlandt Town Center and newly built Shop-rite shopping center. This property includes 11 residential units, one office with a bathroom and storage, two rent-able garages, parking lot for tenants and commercial vehicles. This whole complex is fully occupied. All roofs, electrical and utilities are recently upgraded as well as most apartments. Existing pro-forma income and expenses yield a total net operating income of $166,000 annually. The total area is 1.3 acres. Demographically this property is located close to local transportation, high level education, employment and income. The list goes on with a great investment opportunity you don't want to miss.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,117,906 | Apartment Style | Garden |
| Price Per Unit | £192,537 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.30 AC |
| Net Initial Yield | 6.33% | Building Size | 8,000 SF |
| No. Units | 11 | Average Occupancy | 100% |
| Property Type | Residential | Number of Floors | 3 |
| Property Subtype | Apartment | Year Built | 1950 |
| Price | £2,117,906 |
| Price Per Unit | £192,537 |
| Sale Type | Investment |
| Net Initial Yield | 6.33% |
| No. Units | 11 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1950 |
Unit Amenities
- Storage Space
1 of 1
PROPERTY TAXES
| Parcel Number | 2289-024-006-00001-000-0017 | Total Assessment | £15,531 (2023) |
| Land Assessment | £843 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £14,688 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
2289-024-006-00001-000-0017
Land Assessment
£843 (2023)
Improvements Assessment
£14,688 (2023)
Total Assessment
£15,531 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2022
zoning
| Zoning Code | Highway Commercial |
| Highway Commercial |
-
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5-7-9 Baker St | 5 Baker St
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