Mount Vernon, NY
Commercial Real Estate Market Trends & Data

$355 per SF Avg asking sale price
$32 per SF Avg asking lease rate
11,604 SF Avg unit lease size
135,676 SF Avg building size for sale
7.10% Average cap rate

Mount Vernon's Demographic Profile

Mount Vernon has 25,555 households and a median income of $72,057, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 66,561
# Households 25,555
Median age 41
Median household income $72,057
Avg household size 3.0
Renter-occupied housing units 16,234
5-year population change -5%

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↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Mount Vernon $382 8,170 SF 7.94%
New Rochelle $355 12,014 SF 7.12%
Nearby Retail Markets Avg Cost/SF Typical Size
Mount Vernon $447 106,763 SF
Pelham $83 2,356 SF
Bronxville $2,302 10,646 SF
New Rochelle $325 10,793 SF
Yonkers $506 10,467 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mount Vernon $209 262,052 SF 10.82%
New Rochelle $293 15,451 SF 7.95%
Yonkers $240 17,009 SF 9.12%
Riverdale $305 16,650 SF 8.00%

Commercial Properties For Sale in Mount Vernon

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

p New Place Yonkers NY

Yonkers, NY 10704

  • 0.18 AC Lot
  • 1 Residential Income Lot
  • $746,000
For Sale

35000 land plus 17000 warehouse/office

Mount Vernon, NY 10550

  • 17,040 SF Industrial Building
  • $6,000,000
For Sale

14 E Sandford Blvd

Mount Vernon, NY 10550

  • 18,000 SF Multifamily
  • 6.65% Cap Rate
  • $1,650,000
For Sale

Enclave on 5th

Mount Vernon, NY 10550

  • 73,000 SF Multifamily
  • 10.82% Cap Rate
  • $3,900,000
For Sale

The New Rochelle Portfolio

New Rochelle, NY

  • 6.51% Cap Rate
  • $8,040,000
For Sale

158-164 Elm Ave

Mount Vernon, NY

  • 7.20% Cap Rate
  • $2,100,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Mount Vernon pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Mount Vernon $355 135,676 SF
Pelham $247 11,146 SF
Bronxville $2,232 6,496 SF
New Rochelle $328 13,243 SF
Yonkers $371 16,259 SF

Multifamily Properties For Sale in Mount Vernon

For Sale

Enclave on 5th

Mount Vernon, NY 10550

  • 73,000 SF Multifamily
  • 10.82% Cap Rate
  • $3,900,000
For Sale

Medical Professional Office/co-op

New Rochelle, NY 10801

  • 102,047 SF Multifamily
  • $399,000
For Sale

Westchester Plaza

Mount Vernon, NY

  • Price Upon Request

Regional Demographic Comparison

This comparison places Mount Vernon alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Mount Vernon or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Mount Vernon 66,561 25,555 41 $72,057 3 16,234 -5%
Pelham 5,858 1,928 41 $176,409 3 599 -4%
Bronxville 6,833 2,434 44 $191,102 3 586 -1%
New Rochelle 83,540 30,368 41 $97,828 3 15,532 -1%
Yonkers 204,162 77,556 41 $73,949 3 44,232 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Mount Vernon, NY and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Mount Vernon

View All Commercial Real Estate For Sale in Mount Vernon
Is Mount Vernon a good market for a first-time commercial real estate investor?

Mount Vernon offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Mount Vernon?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Mount Vernon. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Mount Vernon?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Mount Vernon. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Mount Vernon compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Mount Vernon. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Mount Vernon acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Mount Vernon, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends