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164-174 Gramatan Ave 1,026 SF 100% Leased Retail Building Mount Vernon, NY 10550 $2,850,000 ($2,777.78/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- Fully occupied with several long-term tenants
- In the heart of Mt. Vernon neighborhood business district
EXECUTIVE SUMMARY
• 9,500 sq ft. two-story commercial building
• In the heart of Mt. Vernon neighborhood business district
• Major retail and services corridor just south of Lincoln Ave and across from a brand new multi-family high rise
• Ground floor retail includes a beauty salon, bar, restaurant, and Bar/café
• 2nd floor retail is an indoor firearms range (since 1977)
• Stable investment with good upside in a growing
•neighborhood close to NYC
• Close to bus lines, Metro-North RR, and major highways with great access to the Bronx, Manhattan, and LI
• Fully occupied with several long-term tenants
• Attractive 5.4% Cap rate
• In the heart of Mt. Vernon neighborhood business district
• Major retail and services corridor just south of Lincoln Ave and across from a brand new multi-family high rise
• Ground floor retail includes a beauty salon, bar, restaurant, and Bar/café
• 2nd floor retail is an indoor firearms range (since 1977)
• Stable investment with good upside in a growing
•neighborhood close to NYC
• Close to bus lines, Metro-North RR, and major highways with great access to the Bronx, Manhattan, and LI
• Fully occupied with several long-term tenants
• Attractive 5.4% Cap rate
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,026 SF
Building Class
C
Year Built/Renovated
1948/1988
Price
$2,850,000
Price Per SF
$2,777.78
Cap Rate
5.40%
NOI
$153,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.11 AC
Zoning
Comm - Commercial Retail (NB)
Frontage
64’ on Gramatan Ave
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Dominican Restaurant
- Retailer
- -
- -
- Double Net
- -
- Senegambia African Hair
- Retailer
- -
- -
- Double Net
- -
- Shootting Center
- Educational Services
- -
- -
- -
- -
- Vybez Restaurant and lounge
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Dominican Restaurant | Retailer | - | - | Double Net | - | |
| Senegambia African Hair | Retailer | - | - | Double Net | - | |
| Shootting Center | Educational Services | - | - | - | - | |
| Vybez Restaurant and lounge | Retailer | - | - | - | - |
Walk Score®
Walker's Paradise (92)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0800-165-054-01121-000-0006 | Improvements Assessment | $20,000 |
| Land Assessment | $10,000 | Total Assessment | $30,000 |
PROPERTY TAXES
Parcel Number
0800-165-054-01121-000-0006
Land Assessment
$10,000
Improvements Assessment
$20,000
Total Assessment
$30,000
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Presented by
Full Score Realty Inc.
164-174 Gramatan Ave
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