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199 Stevens ave 8 Unit Apartment Building $1,999,000 ($249,875/Unit) 9.57% Cap Rate Mount Vernon, NY 10550
Executive Summary
Distinguished Realty Services presents a fully occupied 8-unit mixed-use asset consisting of six (6) two-bedroom residential units and two (2) long-term retail tenants. Completely renovated in 2018.
• 8,864 SF Building
• 100% Occupied
• $191,385 Net Operating Income
• 9.57% Cap Rate at $1,999,000
• Strong In-Place Cash Flow with Lease Stability
See brochure for details
• 8,864 SF Building
• 100% Occupied
• $191,385 Net Operating Income
• 9.57% Cap Rate at $1,999,000
• Strong In-Place Cash Flow with Lease Stability
See brochure for details
Property Facts
| Price | $1,999,000 | Building Class | C |
| Price Per Unit | $249,875 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 8,864 SF |
| Cap Rate | 9.57% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Cross Streets | W Lincoln Avenue |
| Apartment Style | Low-Rise | ||
| Zoning | NB - Neighborhood Business | ||
| Price | $1,999,000 |
| Price Per Unit | $249,875 |
| Sale Type | Investment |
| Cap Rate | 9.57% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,864 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2018 |
| Cross Streets | W Lincoln Avenue |
| Zoning | NB - Neighborhood Business |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (71)
Property Taxes
| Parcel Number | 0800-165-069-01080-000-0013 | Improvements Assessment | $13,000 |
| Land Assessment | $12,000 | Total Assessment | $25,000 |
Property Taxes
Parcel Number
0800-165-069-01080-000-0013
Land Assessment
$12,000
Improvements Assessment
$13,000
Total Assessment
$25,000
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Videos
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199 Stevens ave
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