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24 Units * Mt. Vernon * 8% CAP RATE! 3 Multifamily Properties Offered at $4,115,000 in Mount Vernon, NY

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INVESTMENT HIGHLIGHTS

  • High Cap Rate of 8% at asking price
  • Properties can be sold separately.
  • Substantial Upside in Rent Roll

EXECUTIVE SUMMARY

NuRealty Advisors Inc. is proud to present the Exclusive Listing for a Three Building Portfolio in Mt. Vernon, NY. The portfolio offers 24 Units. Property Addresses are: 1) 47 N. Bleeker Street, 2) 125 W. Sidney and 3) 310-312 Union Avenue. The Layout: One Studio, Four 1BRs, Seven 2BRs, Six 3BRs, Four 4BRs, Two Storage Rooms and One Parking Space. The Effective Gross Income (EGI) is $528,894 Net Operating Income is $329,240. Properties can be sold separately. Principals Only. Contact: Team@NuRealtyAdvisors.com or call 914-479-2721 for more information.

TAXES & OPERATING EXPENSES (ACTUAL - 2022)

ANNUAL
Gross Rental Income $545,252
Other Income -
Vacancy Loss $16,358
Effective Gross Income $528,894
Taxes $75,553
Operating Expenses $124,101
Total Expenses $199,654
Net Operating Income $329,240

TAXES & OPERATING EXPENSES (ACTUAL - 2022)

Gross Rental Income
Annual $545,252
Other Income
Annual -
Vacancy Loss
Annual $16,358
Effective Gross Income
Annual $528,894
Taxes
Annual $75,553
Operating Expenses
Annual $124,101
Total Expenses
Annual $199,654
Net Operating Income
Annual $329,240

PROPERTY FACTS

Price $4,115,000
Price / SF $202.42 / SF
Cap Rate 8%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 2
Total Building Size 20,329 SF
Total Land Area 0.31 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
310-312 Union Ave, Mount Vernon, NY 10550 Multifamily 7,600 SF 1942 $1,295,000
47 N Bleeker St, Mount Vernon, NY 10550 Multifamily 6,729 SF 1932 $1,135,000
125 W Sidney Ave, Mount Vernon, NY 10550 Multifamily 6,000 SF 1930 -
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  • Listing ID: 28378321

  • Date on Market: 5/2/2023

  • Last Updated:

  • Address: 24 Units * Mt. Vernon * 8% CAP RATE!, Mount Vernon, NY

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