17 S 5th Ave - Apartments CONDO FOR SALE


Mount Vernon, NY 10550- South Side
$3,900,000 USD
516-410-9926
17 S 5th Ave, Mount Vernon, NY for Sale
$3,900,000 USD
Apartments CONDO - FOR SALE
1/3
null | 10.82% Cap Rate

17 S 5th Ave
Mount Vernon, NY 10550
South Side


HIGHLIGHTS

  • Single Tenant Condominium Net Leased to Westchester Community College
  • 28355 SF Condominium Unit
  • Minute to The Bronx/NYC
  • Sale includes adjacent parking lot at 14 S. 6th Avenue

OVERVIEW

Commercial Condominium Unit Fully Occupied by Westchester Community College for the last 13 years. Unit being sold consists of 28335 SF of Commercial/Retail/Community Facility space over 2 floors. 22000 SF of space is rented to college. Westchester Community signed a 10 Year lease with two (2) Five-year options in January of 2014. They are currently in the 1st Option period that expires in January 2029 with on additional 5-year option remaining. As part of the initial lease term ownership spent $2.3MM to build out this modern educational facility. This is a Net lease with WCC paying Taxes and Insurance. Sale includes Parking Lot at 14 S. 6th Avenue, Mount Vernon, NY 10550. Parking lot is 10454 SF and contains 31 parking spots. Unit is part of a building that contains 15 S. 5th Avenue. That property is a 40 Unit LIHTC Affordable senior living project of 33190 SF. Available as part of a separate sale or package.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$138 USD /SF

CAP RATE

10.82%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Enclave on 5th

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

73,000 SF

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,499 SF

ZONING

Commercial

APN/PARCEL ID

0800-165-070-03087-000-0044

ASK ABOUT THIS PROPERTY

Raymond MordekhaiForest Park Properties IncMore Info
516-410-9926

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Raymond MordekhaiForest Park Properties IncMore Info
516-410-9926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.