Skip to main content

Shopping Neighborhood

Mount Vernon Retail Portfolio

122 S 4th Ave, Mount Vernon, NY 10550

Listing Price: $2,923,000

Cap Rate
6.94%
Gross SF
24,850
Rentable SF
24,850
Price/Gross SF
$117.63
Lot Size
0.67 acres
Year Built
1920

Investment Overview

The subject offering is a portfolio five retail properties located throughout Mount Vernon and Yonkers, NY.  The portfolio totals 24,850 rentable square feet and it consists of six retail units, two vacant office spaces and a 7,500 square foot parking lot.   122 S 4th Avenue, Mount Vernon, NY 10,000 square foot two-story retail property (with an additional 5,000 SF basement). The property is 100 percent net-leased by Mangoville Catering on a 10-year lease that runs through 2029. The property has 50 feet of retail frontage on S 4th Avenue (built 50 x 100). 133-135 S 4th Avenue, Mount Vernon, NY 5,250 SF two-unit single-story retail property. The property is 100 percent occupied by two tenants. The property has 50 feet of retail frontage on S 4th Avenue (built 50 x 100). 14 E 1st Street, Mount Vernon, NY 5,100 SF three-story retail and office property. The retail space is occupied by State Farm insurance on a lease through 2022. There are two additional floors or office space. Each floor is 1,500 SF, and both floors are currently vacant. The property is built 25 x 84 on the ground floor and 25 x 60 on the upper floors. The property is located directly across the street from the Mount Vernon Train Station (Metro North). 153 W 2nd Street, Mount Vernon, NY 2,275 SF single-story retail building that is 100 percent net-leased to Fix Flat Tire and Auto Repair. The property rests on a 7,000 SF corner lot. The current tenant is operating on a M-T-M lease 330 & 337 Saw Mill River Road, Yonkers, NY 2,625 SF single-story retail building that is 100 pecent net-leased to Yonkers Diner on a lease through 2027.  The property is built 25 x 105.  This property also includes the sale of the 7,500 SF parking lot across the street (330 Saw Mill River Road) which the diner also leases through 2027.  There is a clothing drop box on the parking lot which pays $3,600 per year with no lease. 

Investment Highlights

  • 6 Retail Stores + 2 Offices (Retail is 100% Occupied)
  • 24,850 SF Total Rentable Square Feet
  • Combined Lot Size is 29,075 SF With 180 Feet of Retail Frontage

Exclusively Listed By

Shopping Neighborhood

Mount Vernon Retail Portfolio

Listing Price: $2,923,000

Cap Rate
6.94%
Gross SF
24,850
Rentable SF
24,850
Price/Gross SF
$117.63
Lot Size
0.67 acres
Year Built
1920

Investment Highlights

  • 6 Retail Stores + 2 Offices (Retail is 100% Occupied)
  • 24,850 SF Total Rentable Square Feet
  • Combined Lot Size is 29,075 SF With 180 Feet of Retail Frontage

Investment Overview

The subject offering is a portfolio five retail properties located throughout Mount Vernon and Yonkers, NY.  The portfolio totals 24,850 rentable square feet and it consists of six retail units, two vacant office spaces and a 7,500 square foot parking lot.   122 S 4th Avenue, Mount Vernon, NY 10,000 square foot two-story retail property (with an additional 5,000 SF basement). The property is 100 percent net-leased by Mangoville Catering on a 10-year lease that runs through 2029. The property has 50 feet of retail frontage on S 4th Avenue (built 50 x 100). 133-135 S 4th Avenue, Mount Vernon, NY 5,250 SF two-unit single-story retail property. The property is 100 percent occupied by two tenants. The property has 50 feet of retail frontage on S 4th Avenue (built 50 x 100). 14 E 1st Street, Mount Vernon, NY 5,100 SF three-story retail and office property. The retail space is occupied by State Farm insurance on a lease through 2022. There are two additional floors or office space. Each floor is 1,500 SF, and both floors are currently vacant. The property is built 25 x 84 on the ground floor and 25 x 60 on the upper floors. The property is located directly across the street from the Mount Vernon Train Station (Metro North). 153 W 2nd Street, Mount Vernon, NY 2,275 SF single-story retail building that is 100 percent net-leased to Fix Flat Tire and Auto Repair. The property rests on a 7,000 SF corner lot. The current tenant is operating on a M-T-M lease 330 & 337 Saw Mill River Road, Yonkers, NY 2,625 SF single-story retail building that is 100 pecent net-leased to Yonkers Diner on a lease through 2027.  The property is built 25 x 105.  This property also includes the sale of the 7,500 SF parking lot across the street (330 Saw Mill River Road) which the diner also leases through 2027.  There is a clothing drop box on the parking lot which pays $3,600 per year with no lease. 

Exclusively Listed By

MM Texture Background
MM Textured Background Lower