New Listing
Listed by Jean M DiMatteo of DiMatteo Realty LLC (914-443-8077)
INVESTMENT OPPORTUNITY - TWO 5-UNIT MULTIFAMILY PROPERTIES | 10 UNITS | 7.5% CAP RATE Exceptional opportunity to acquire two 5-unit multifamily apartment buildings offering a combined 10 residential units and strong existing income. With a gross annual income of $146,052 and a 7.5% cap rate, this portfolio presents an attractive opportunity for investors looking to expand their holdings with an income-producing multifamily asset. Sparkill Avenue Property - 6,608 Sq. Ft. | 5 Units The larger building consists of four spacious two-bedroom apartments and one one-bedroom basement apartment. Tenants pay their own utilities, helping reduce the owner's operating expenses and supporting stronger overall cash flow. Second Property - 4,209 Sq. Ft. | 5 Units The second building offers a diversified unit mix consisting of three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, providing rental options that appeal to a broad tenant base. Together, the properties offer approximately 10,817 square feet, 10 rental units, and an established income stream. The combination of multiple unit sizes, tenant-paid utilities at the Sparkill property, and a 7.5% cap rate makes this an opportunity worth serious consideration for both experienced multifamily investors and buyers looking to grow their real estate portfolio. 10 Units o $146,052 Gross Annual Income o 7.5% Cap Rate o Approximately 10,817 Combined Sq. Ft. A compelling multifamily investment with immediate income and long-term potential. Add two income-producing properties to your portfolio in one transaction. The other property adress is 287 Mrytle Ave.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 21, 2026 1:26 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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