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3 Units * Renovated * Free Mkt * 11% Return 148 S 13th Ave 3 Unit Apartment Building $849,000 ($283,000/Unit) 8.58% Cap Rate Mount Vernon, NY 10550
Investment Highlights
- 2025 Gut Renovated Property
- Free Market Building
Executive Summary
NuRealty Advisors Inc. is pleased to present the Exclusive Listing for 148 S 13th Avenue, Mt. Vernon, NY. This renovated property features two Large Residential units plus one Cellar unit, with an ideal unit mix.
Unit Layout:
• (1) Four-Bedroom / One-Bath Apartment
• (1) Three-Bedroom / One-Bath Apartment
• (1) Cellar Unit
The property also offers a backyard with a pavers and a
large gazebo.
Property Highlights:
• Full building renovation in Year 2025 (windows,
plumbing, roof etc)
• Free-Market Asset
• Property is vacant and can be delivered as such
• Significant Upside in Rent Roll
• Conveniently Located Within Walking Distance to Metro-North Train Station
This is an excellent opportunity for investors seeking a fully renovated property. For more information, contact: Team@NuRealtyAdvisors.com
Unit Layout:
• (1) Four-Bedroom / One-Bath Apartment
• (1) Three-Bedroom / One-Bath Apartment
• (1) Cellar Unit
The property also offers a backyard with a pavers and a
large gazebo.
Property Highlights:
• Full building renovation in Year 2025 (windows,
plumbing, roof etc)
• Free-Market Asset
• Property is vacant and can be delivered as such
• Significant Upside in Rent Roll
• Conveniently Located Within Walking Distance to Metro-North Train Station
This is an excellent opportunity for investors seeking a fully renovated property. For more information, contact: Team@NuRealtyAdvisors.com
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,208
|
$30.32
|
| Other Income |
$19,200
|
$7.26
|
| Vacancy Loss |
$2,406
|
$0.91
|
| Effective Gross Income |
$97,002
|
$36.67
|
| Taxes |
$16,500
|
$6.24
|
| Operating Expenses |
$7,620
|
$2.88
|
| Total Expenses |
$24,120
|
$9.12
|
| Net Operating Income |
$72,882
|
$27.55
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $80,208 |
| Annual Per SF | $30.32 |
| Other Income | |
|---|---|
| Annual | $19,200 |
| Annual Per SF | $7.26 |
| Vacancy Loss | |
|---|---|
| Annual | $2,406 |
| Annual Per SF | $0.91 |
| Effective Gross Income | |
|---|---|
| Annual | $97,002 |
| Annual Per SF | $36.67 |
| Taxes | |
|---|---|
| Annual | $16,500 |
| Annual Per SF | $6.24 |
| Operating Expenses | |
|---|---|
| Annual | $7,620 |
| Annual Per SF | $2.88 |
| Total Expenses | |
|---|---|
| Annual | $24,120 |
| Annual Per SF | $9.12 |
| Net Operating Income | |
|---|---|
| Annual | $72,882 |
| Annual Per SF | $27.55 |
Property Facts Under Contract
| Price | $849,000 | Property Subtype | Apartment |
| Price Per Unit | $283,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.58% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 11.22 | Building Size | 2,645 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1909/2025 |
| Price | $849,000 |
| Price Per Unit | $283,000 |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| Gross Rent Multiplier | 11.22 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,645 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2025 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (81)
Property Taxes
| Parcel Number | 0800-169-021-03014-000-0018 | Total Assessment | $10,000 (2024) |
| Land Assessment | $1,300 (2024) | Annual Taxes | $16,500 ($6.24/SF) |
| Improvements Assessment | $8,700 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Number
0800-169-021-03014-000-0018
Land Assessment
$1,300 (2024)
Improvements Assessment
$8,700 (2024)
Total Assessment
$10,000 (2024)
Annual Taxes
$16,500 ($6.24/SF)
Tax Year
2025
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3 Units * Renovated * Free Mkt * 11% Return | 148 S 13th Ave
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