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425 S 8th Ave 5,142 SF 100% Leased Retail Building Mount Vernon, NY 10550 $1,600,000 ($311.16/SF) 6.40% Cap Rate
EXECUTIVE SUMMARY
Excellent investment opportunity—this well-maintained mixed-use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy—the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don’t miss out on this unique opportunity—it won’t last long!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,142 SF
Building Class
C
Year Built
1952
Price
$1,600,000
Price Per SF
$311.16
Cap Rate
6.40%
NOI
$102,400
Percent Leased
100%
Building Height
3 Stories
Building FAR
0.65
Lot Size
0.18 AC
Parking
6 Spaces (1.64 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0800-169-038-03063-000-0036 | Improvements Assessment | $13,000 |
| Land Assessment | $4,000 | Total Assessment | $17,000 |
PROPERTY TAXES
Parcel Number
0800-169-038-03063-000-0036
Land Assessment
$4,000
Improvements Assessment
$13,000
Total Assessment
$17,000
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425 S 8th Ave
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