559 Gramatan AveMount Vernon, NY 10552

Property Details for 559 Gramatan Ave

Lot size

0.25 AC

Property type

Investment properties

Property subtype

Live-work space

APN

550800 165.30-1018-1

APU

5508001653010181

Description

This two-story, 16,532 square foot building at 559 Gramatan Avenue in Mount Vernon, NY offers diverse office and retail space in a prime location. The property features nine suites, currently with 1,636 square feet vacant, and is ideal for medical or creative office tenants. Available spaces range from 230 to 1,640 square feet, with larger spaces potentially combinable. The building boasts a dedicated lobby with an ADA-compliant elevator, ensuring accessibility for all. Convenient parking options are available, including a nearby municipal garage offering both hourly and monthly rates. This building is situated in the heart of Fleetwood, surrounded by a thriving mix of retail businesses and services, including Fleetwood Bakery Shop, Mazzy’s Sports Bar, Four Seasons Real Estate, Professional Physical Therapy, The Caring Tree Childcare, Retina Consultants of Westchester, and Fancy Feet Dance Studio. Nearby amenities include New York Presbyterian/Lawrence Hospital, CVS, the United States Postal Service, AppleMed Urgent Care, Good Neighbor Pharmacy, Chase, Bank of America, and StateFarm. The property is categorized as Office and Retail, with a Multiple Tenancy structure. Modified gross rent is available upon request. This is a fantastic opportunity to secure office space in a bustling and well-connected Westchester County location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,800,442

  6.5%

  $1,661,947

  7%

  $1,543,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,422,887

  Geo Method

  $1,422,887

• Alternative Use

  Use

  Valuation

  Residential

  $2,060,814

  Hospitality

  $1,887,694

  Educational

  $1,570,540

  Medical

  $1,624,553

  Retail

  $2,443,062

Location Insight

City

Mount Vernon

County

Westchester

State

New York

Latitude

40.9256

Longitude

-73.8356

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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