Skip to main content

Multifamily

Vernon Court

257 S 3rd Ave, Mount Vernon, NY 10550

Listing Price: $4,100,000

Cap Rate
6.72%
Number of Units
24
GRM
8.24
Occupancy
95.0%
Price/Unit
$170,833
Price/Gross SF
$201.19
Gross SF
20,379

Investment Overview

Marcus & Millichap is pleased to exclusively represent the property located at 257 south 3rd street, Mount Vernon, NY. The building is a four story walkup apartment building containing a total of 24 units of which there are eight one bedroom and sixteen two bedroom apartments. There is one rent controlled apartment and the rest are rent stabilized with 12 section 8 tenants.

The building is masonry construction and sits on 9,492 square feet of land. The property was recently renovated with 25 individual boilers, meters and PEX tubing for each unit. Brand new circuit boxes in each unit, new radiators in bedrooms, bathrooms and kitchens. New GFI outlets, additional circuits in each bedroom and new window gates for all lower level windows.

Investment Highlights

  • Four story, masonry construction walkup building featuring 24 apartments.
  • Located in prosperous Southern Westchester County
  • Well maintained property, with 25 individual boilers.

Exclusively Listed By

Multifamily

Vernon Court

Listing Price: $4,100,000

Cap Rate
6.72%
Number of Units
24
GRM
8.24
Occupancy
95.0%
Price/Unit
$170,833
Price/Gross SF
$201.19
Gross SF
20,379

Investment Highlights

  • Four story, masonry construction walkup building featuring 24 apartments.
  • Located in prosperous Southern Westchester County
  • Well maintained property, with 25 individual boilers.

Investment Overview

Marcus & Millichap is pleased to exclusively represent the property located at 257 south 3rd street, Mount Vernon, NY. The building is a four story walkup apartment building containing a total of 24 units of which there are eight one bedroom and sixteen two bedroom apartments. There is one rent controlled apartment and the rest are rent stabilized with 12 section 8 tenants. The building is masonry construction and sits on 9,492 square feet of land. The property was recently renovated with 25 individual boilers, meters and PEX tubing for each unit. Brand new circuit boxes in each unit, new radiators in bedrooms, bathrooms and kitchens. New GFI outlets, additional circuits in each bedroom and new window gates for all lower level windows.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower