Investment Overview

THE OFFERING Marcus & Millichap is pleased to exclusively offer the sale of 4 West 4th Street, located in the South Side submarket of Mount Vernon. 4 West 4th Street Is located on the corner of West 4th between South 4th & South 5th Avenues. This property is composed of 18 residential units and has a favorable unit mix of 16 one-bedroom, 1 two-bedroom and 1 three-bedroom apartment. Built in 1945 and spanning 16,000 square feet, recent upgrades to be noted are a newly sealed roof, handful of renovated apartments with new flooring, painting, kitchens, and bathroom as well as a brand-new boiler heat timer. 4 West 4th is conveniently located a short distance away from the South 4th Bus station, Metro North Train station & 241st Street M train. THE OPPORTUNITY Opportunity: 18-unit walkup building spanning 16,000 square feet on the corner of West 4th Street in the South Side submarket of Mount Vernon. Unit Mix: There are 16 one-bedroom, 1 two-bedroom, & 1 three-bedroom apartments. Fully rent stabilized, this asset occupancy approximately 60% Section 8. Tenants pay for their own cooking gas & electric. Assumable Financing: Offering investors a unique opportunity to secure below market long term debt, there is an existing Fannie Mae loan with a balance of $1,740,474 with 7 years remaining at a fixed interest rate of 3.1% Location & Transportation: 4 West 4th is conveniently located a short distance away from the South 4th Bus station, Metro North Train station & 241st Street M train.