Mixed-Use Property with
For Sale
$650,000
Pending
55 Mount Vernon Avenue, Mount Vernon, NY 10550
Residential Income, Mount Vernon, NY
Property Size2,600 SF
Lot Size0.06 Acres
Days on Market55
Property Features for 55 Mount Vernon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Rooms
Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 7
Interior features
Ceiling Fan(s), High Ceilings
Elementary school
Hamilton
Middle school
Benjamin Turner Middle School
High school
Mt Vernon High School
Elementary school district
Mount Vernon
Middle school district
Mount Vernon
High school district
Mount Vernon
Directions
Bronx River Rd to Yonkers Avenue to Mount Vernon Avenue
Standard status
Pending
APN
0800-164-076-01071-000-0009
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19365
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1988
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Safiya Swan · License #10401264654
(914) 512-7764
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 30 at 2:06AM
MLS# 1014216
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1988 brick mixed-use property contains Approximately 2,600 square feet arranged with a street-level storefront and three residential apartments. The apartment mix includes two 2-bedroom units and one 4-bedroom unit, while the commercial component is identified as suitable for retail, professional office, or service-based operations. High ceilings, ceiling fans, hot-water heating, and natural gas availability are among the reported building features and services.
The property occupies 0.0606 acres at 55 Mount Vernon Avenue in Mount Vernon, NY 10550. Public water and public sewer serve the property. The surrounding area provides access to parkways, shopping, restaurants, public transportation, and train service, supporting convenient connections for residents, customers, and office users.
The property occupies 0.0606 acres at 55 Mount Vernon Avenue in Mount Vernon, NY 10550. Public water and public sewer serve the property. The surrounding area provides access to parkways, shopping, restaurants, public transportation, and train service, supporting convenient connections for residents, customers, and office users.
Key Highlights
- Street‑level storefront with three residential rental units
- Two 2‑bedroom apartments and one 4‑bedroom apartment
- Approximately 2,600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,976
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,099,520
$1.1M
Cap Rate 7%
$785,371
$785.4K
Cap Rate 9%
$610,844
$610.8K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.5K $34.80/SF
− Vacancy
−$11.9K −$4.59/SF
EGI
$78.5K $30.21/SF
− OpEx
−$23.6K −$9.06/SF
NOI
$55.0K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,099,520
Cap Rate 7%
$785,371
Cap Rate 9%
$610,844
Alternative Uses
Best Use
Retail
$785.4K
$687.2K – $916.3K
NOI $54,976 @ 7.0% cap · market cap 8.46%
Second Best
Multifamily LT 5
$723.5K
$633.0K – $844.1K
NOI $50,643 @ 7.0% cap · market cap 7.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,945
Businesses Nearby
Explore this area
Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick mixed-use building combines a street-facing commercial suite with three residential apartments and flexible business-use potential.
Where is this mixed-use property located?
The property is located at 55 Mount Vernon Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Street‑level storefront with three residential rental units; Two 2‑bedroom apartments and one 4‑bedroom apartment; Approximately 2,600 square feet
