Mixed-Use

108-112 E Prospect Ave

108 E Prospect Ave, Mount Vernon, NY 10550

Listing Price: $2,300,000

Cap Rate
7.21%
Number of Units
12
Price/Unit
$191,667
Price/Gross SF
$193.60
Gross SF
11,880

Investment Overview

Marcus & Millichap is pleased to present the following opportunity in Mount Vernon. The subject property, 108-114 East Prospect Avenue is a portfolio of two adjacent buildings on East Prospect Avenue between Park Ave and Portugal Place, and contains a gross Leasable square footage of 11,670.
Each building consist of four residential units and two stores, the property was built in 1933 and renovated in 2017.
Three apartments have been gut-renovated. Strong residential leases in place.
Huge upside when leasing the two vacant retail spaces

Investment Highlights

  • Four Residential Units Have Been Gut-Renovated
  • Very Close to The Mount Vernon East Metro-North Railroad Station
  • Close Proximity to Montefiore Mount Vernon Hospital
  • Good Retail Leases in Place

Exclusively Listed By

  • Willie Jalboukh

    Licensed Associate Real Estate Broker

    (212) 430-6154

    Email Willie

    License(s): NY: 10401247199, NY: 10301218139

    Manhattan

Listing Price: $2,300,000

Cap Rate
7.21%
Number of Units
12
Price/Unit
$191,667
Price/Gross SF
$193.60
Gross SF
11,880

Investment Highlights

  • Four Residential Units Have Been Gut-Renovated
  • Very Close to The Mount Vernon East Metro-North Railroad Station
  • Close Proximity to Montefiore Mount Vernon Hospital
  • Good Retail Leases in Place

Investment Overview

Marcus & Millichap is pleased to present the following opportunity in Mount Vernon. The subject property, 108-114 East Prospect Avenue is a portfolio of two adjacent buildings on East Prospect Avenue between Park Ave and Portugal Place, and contains a gross Leasable square footage of 11,670.
Each building consist of four residential units and two stores, the property was built in 1933 and renovated in 2017.
Three apartments have been gut-renovated. Strong residential leases in place.
Huge upside when leasing the two vacant retail spaces

Exclusively Listed By

  • Willie Jalboukh

    Licensed Associate Real Estate Broker

    (212) 430-6154

    Email Willie

    License(s): NY: 10401247199, NY: 10301218139

    Manhattan

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