536-542 N High St - Apartments FOR SALE


Mount Vernon, NY 10552- North Side
$2,695,000 USD
212-430-5136
536-542 N High St, Mount Vernon, NY for Sale
$2,695,000 USD
Apartments - FOR SALE
1/38
null | 7.7% Cap Rate

536-542 N High St
Mount Vernon, NY 10552
North Side


HIGHLIGHTS

  • Transit-Oriented Location: Walkable to Metro-North, providing direct access to NYC and supporting consistent renter demand.
  • Strong Submarket Positioning: Considered one of Mount Vernon’s more established and desirable residential pockets.
  • Immediate & Long-Term Upside: 41% free market allows for near-term mark-to-market, while the stabilized units provide steady in-place cash flow.
  • Well-Maintained Asset: 7 of 17 units renovated since 2022, providing a clear path to continue upgrades and drive rent growth.
  • Rare On-Site Parking: 11 parking spaces on site, a significant amenity in this submarket that enhances tenant appeal and retention.

OVERVIEW

New York Multifamily is pleased to offer 536–542 North High Street, a 17-unit multifamily asset located in the Fleetwood neighborhood of Mount Vernon. The property spans three contiguous buildings totaling 12,992 square feet. Well-maintained with minimal deferred maintenance, 7 of the 17 units have been renovated since 2022, providing investors with a clear path to continue upgrading units and drive rental growth. The property features 11 on-site parking spaces and benefits from tenant-paid heat and hot water, minimizing operating expenses and enhancing cash flow stability. Location Overview Fleetwood is widely considered one of the most desirable submarkets within MountVernon, offering a suburban feel with strong connectivity to New York City. Anchored by the Fleetwood Metro-North station, the neighborhood provides 30-minute access toGrand Central, making it a true commuter-driven rental market.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$221 USD /SF

# OF UNITS

17

PRICE/UNIT

$158,529

CAP RATE

7.7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1947

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,584 SF

ZONING

-

APN/PARCEL ID

0800-165-037-01049-000-0012

ASK ABOUT THIS PROPERTY

Seth GlasserMarcus & MillichapMore Info
212-430-5136

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

Seth GlasserMarcus & MillichapMore Info
212-430-5136

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