536 N High St - Apartments FOR SALE


Mount Vernon, NY 10552- North Side
$1,250,000 USD
631-487-5623
536 N High St, Mount Vernon, NY for Sale
$1,250,000 USD
Apartments - FOR SALE
1/40
null | 7.9% Cap Rate

536 N High St
Mount Vernon, NY 10552
North Side


HIGHLIGHTS

  • 10-Unit, 100% Rent-Stabilized Multifamily, Fully Occupied Asset
  • Offered at $1,250,000, Representing a 7.9% In-Place Capitalization Rate
  • Proposed Financing of $937,500 Yielding an 8.70% First-Year Cash-on-Cash Return
  • Clear Value-Add Opportunity to Increase Annual Revenue by $7,006 to Legal Levels
  • Highly Concentrated Unit Mix, Featuring Nine One-Bedroom Layouts
  • Located at 536 North High Street in Mount Vernon, NY

OVERVIEW

The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer 536 North High Street for sale, a fully occupied, 10-unit multifamily property with a garage located in the Fleetwood neighborhood of Mount Vernon, New York. The property is approximately 8,000 square feet, contains 100% rent-stabilized residential units, and features nine one-bedroom and one two-bedroom layouts. The investment is offered at $1,250,000, representing a 7.9% in-place capitalization rate with a clear valueadd opportunity to increase annual residential revenue.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

10

PRICE/UNIT

$125,000

CAP RATE

7.9%

% 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

0.12 AC

LAND SF

5,120 SF

ZONING

-

APN/PARCEL ID

0800-165-037-01049-000-0012

ASK ABOUT THIS PROPERTY

Matthew GaultMarcus & MillichapMore Info
631-487-5623

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Matthew GaultMarcus & MillichapMore Info
631-487-5623

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