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421-423 S Fulton 421 S Fulton Ave 9 Unit Apartment Building $1,300,000 ($144,444/Unit) 5.65% Cap Rate Mount Vernon, NY 10553
Executive Summary
This property consists of 9 units featuring 3 one bedroom apartments and 6 two bedroom apartments. The building has been fully gut renovated and includes all new electrical and plumbing systems, a new roof, and completely renovated apartments throughout. The property is beautifully maintained with no deferred maintenance. Each unit is equipped with its own Navien heating system, with tenants responsible for their own heat and hot water, offering efficient operating expenses. Coin operated laundry room in the basement and storage for each tenant. This is is a strong income-producing asset that is fully occupied and well positioned for stable, long-term performance.
Rent Stabilized. Long term tenants
Rent Stabilized. Long term tenants
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $144,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 5.65% | Building Size | 4,800 SF |
| Gross Rent Multiplier | 10.2 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2012 |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential | ||
| Price | $1,300,000 |
| Price Per Unit | $144,444 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1925/2012 |
| Zoning | R3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 6 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0800-169-032-04061-000-0048 | Total Assessment | $16,500 |
| Land Assessment | $5,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $11,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
0800-169-032-04061-000-0048
Land Assessment
$5,000
Improvements Assessment
$11,500
Total Assessment
$16,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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421-423 S Fulton | 421 S Fulton Ave