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Free Market Bldg * Rehabbed * Westchester NY 30 Archer Ave 13 Unit Apartment Building $6,050,000 ($465,385/Unit) 6% Cap Rate Mount Vernon, NY 10550
INVESTMENT HIGHLIGHTS
- Free Market Building
- 10 Parking Spaces, 8 Storage Units & Laundry
- Gut Rehabbed
- Walking Distance to Metro North Train
EXECUTIVE SUMMARY
NuRealty Advisors Inc. is proud to present the exclusive listing for 30 Archer Avenue, Mt. Vernon, NY. This Free-Market, Fully Gut Rehabbed property consists of 13 Apartments, 10 Outdoor Parking spaces, 8 Storage Units and an a Laundry Room. Tenants Pay All Utilities. Current rents offer significant upside potential.
The Unit Mix:
- 1 Studio
- 2 Two Bedrooms
- 7 Three Bedrooms
- 3 Three Bedrooms with 1.5 Baths
This is a rare turnkey asset, walking distance to the Metro North (30 minutes to Grand Central) and is Free Market! No Capital Expenditures required as it is fully rehabbed. Email: Team@NuRealtyAdvisors.com for more information.
The Unit Mix:
- 1 Studio
- 2 Two Bedrooms
- 7 Three Bedrooms
- 3 Three Bedrooms with 1.5 Baths
This is a rare turnkey asset, walking distance to the Metro North (30 minutes to Grand Central) and is Free Market! No Capital Expenditures required as it is fully rehabbed. Email: Team@NuRealtyAdvisors.com for more information.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$458,070
|
$36.68
|
| Other Income |
$41,075
|
$3.29
|
| Vacancy Loss |
$13,742
|
$1.10
|
| Effective Gross Income |
$485,403
|
$38.87
|
| Taxes |
$69,756
|
$5.59
|
| Operating Expenses |
$52,712
|
$4.22
|
| Total Expenses |
$122,468
|
$9.81
|
| Net Operating Income |
$362,935
|
$29.06
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $458,070 |
| Annual Per SF | $36.68 |
| Other Income | |
|---|---|
| Annual | $41,075 |
| Annual Per SF | $3.29 |
| Vacancy Loss | |
|---|---|
| Annual | $13,742 |
| Annual Per SF | $1.10 |
| Effective Gross Income | |
|---|---|
| Annual | $485,403 |
| Annual Per SF | $38.87 |
| Taxes | |
|---|---|
| Annual | $69,756 |
| Annual Per SF | $5.59 |
| Operating Expenses | |
|---|---|
| Annual | $52,712 |
| Annual Per SF | $4.22 |
| Total Expenses | |
|---|---|
| Annual | $122,468 |
| Annual Per SF | $9.81 |
| Net Operating Income | |
|---|---|
| Annual | $362,935 |
| Annual Per SF | $29.06 |
PROPERTY FACTS
| Price | $6,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $465,385 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 6% | Building Size | 12,489 SF |
| Gross Rent Multiplier | 13 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Zoning | RMF-10 | ||
| Price | $6,050,000 |
| Price Per Unit | $465,385 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 13 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 12,489 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | RMF-10 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+2 | 2 | - | - |
| 3+1 | 7 | - | - |
| 3+1.5 | 3 | - | - |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 0800-165-063-01148-000-0002 | Total Assessment | $40,000 (2024) |
| Land Assessment | $13,000 (2024) | Annual Taxes | $69,756 ($5.59/SF) |
| Improvements Assessment | $27,000 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
0800-165-063-01148-000-0002
Land Assessment
$13,000 (2024)
Improvements Assessment
$27,000 (2024)
Total Assessment
$40,000 (2024)
Annual Taxes
$69,756 ($5.59/SF)
Tax Year
2025 Payable 2025
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Free Market Bldg * Rehabbed * Westchester NY | 30 Archer Ave
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