70 3Rd AveMount Vernon, NY 10550

Property Details for 70 3Rd Ave

Lot size

0.15 AC

Property type

Investment properties

Property subtype

Live-work space

APN

550800 165.78-3111-20

APU

55080016578311120

Description

This exceptional Mount Vernon, NY investment opportunity presents a well-maintained mixed-use building at 70 S 3rd Ave, 10550, boasting 13,200 square feet. Currently 100% occupied, the property generates a substantial gross annual income of $302,000, with a net operating income (NOI) of $167,000, representing a compelling 6.50% cap rate. The building comprises 14 residential units and 7 commercial spaces, all under rent-stabilized leases. Significant capital expenditures have been undertaken over the years, including upgrades to the boilers and roofing, ensuring the property's long-term viability. This turnkey investment is ideal for sophisticated investors seeking a stable, high-yielding asset in a prime Westchester County location. The asking price is $2,595,000, translating to $196.59 per square foot. Detailed financial statements, including a complete rent roll and expense breakdown, are available upon request. This is a rare opportunity to acquire a fully occupied, income-producing property with a proven track record of success. Don't miss out on this exceptional investment.

Location Insight

City

Mount Vernon

County

Westchester

State

New York

Latitude

40.9094

Longitude

-73.8355

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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