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NEW BOILER AND HOT WATER HEATER-OIL TO GAS ! 6 E Sidney Ave 24 Unit Apartment Building $5,975,000 ($248,958/Unit) 8.74% Cap Rate Mount Vernon, NY 10550
EXECUTIVE SUMMARY
Kassin Sabbagh Realty (KSR) is proud to offer 6 E. Sidney Avenue, a 27,000 sq. ft. mixed-use building on the corner of Gramatan and E. Sidney Ave in Mt. Vernon. This property includes 24 apartments and 6 retail units, with 18 units recently renovated for modern living.
A BRAND NEW BOILER AND HOT WATER HEATER HAVE BEEN INSTALLED, AND THE PROPERTY IS CONVERTED FROM OIL TO GAS.
Retail tenants cover real estate taxes, insurance, and water expenses, adding financial stability. The property is close to bus lines, the Metro-North at Mt. Vernon East, and the Bronx River Parkway. Additionally, it's surrounded by grocery stores, restaurants, banks, and transit options (2, 5, MTA) within 2-6 minutes.
A BRAND NEW BOILER AND HOT WATER HEATER HAVE BEEN INSTALLED, AND THE PROPERTY IS CONVERTED FROM OIL TO GAS.
Retail tenants cover real estate taxes, insurance, and water expenses, adding financial stability. The property is close to bus lines, the Metro-North at Mt. Vernon East, and the Bronx River Parkway. Additionally, it's surrounded by grocery stores, restaurants, banks, and transit options (2, 5, MTA) within 2-6 minutes.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $5,975,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $248,958 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 8.74% | Building Size | 27,000 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1948 |
| Zoning | NB - Neighborhood | ||
| Price | $5,975,000 |
| Price Per Unit | $248,958 |
| Sale Type | Investment |
| Cap Rate | 8.74% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 27,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1948 |
| Zoning | NB - Neighborhood |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Detector
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 0800-165-062-01117-000-0022 | Improvements Assessment | $40,500 |
| Land Assessment | $30,000 | Total Assessment | $70,500 |
PROPERTY TAXES
Parcel Number
0800-165-062-01117-000-0022
Land Assessment
$30,000
Improvements Assessment
$40,500
Total Assessment
$70,500
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NEW BOILER AND HOT WATER HEATER-OIL TO GAS ! | 6 E Sidney Ave
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