Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    66 W 2Nd Ave Mount Vernon, NY 10550

    Sponsored
    For Sale
    $1,333,000

    MULTI_FAMILY - Mount Vernon, NY

    Lot size:
    0.03 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 22 at 5:06 pm

    Property Features for 66 W 2Nd Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    0800-164-076-01065-000-0001
    Parking features
    On Street
    Basement
    Unfinished
    Lot size
    0.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Steam
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    16
    Building materials
    Shingle Siding

    We can help!

    Listing Contact
    Saleem Naber
    Saleem Naber

    ERA Insite Realty (914) 948-3333 [email protected]

    Listing agent Saleem Naber (914) 413-7631

    Listing date Jan 22, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Mount Vernon Boarding House Investment

    This well-maintained boarding house in Mount Vernon, NY, features 14 rooms and 2 studios, presenting an excellent investment opportunity with strong rental potential and steady cash flow. The property includes sixteen private rooms, each generously sized and designed to accommodate one or two occupants. Common areas include a shared kitchen equipped with ample storage and cooking facilities, multiple shared bathrooms and restrooms, and a comfortable communal living or dining area. The property benefits from good natural light, proper ventilation, and durable finishes designed for low maintenance and long-term use. Located in a convenient area close to public transport, shops, schools, and local amenities, this boarding house is ideal for workers, or short- to medium-term residents. With consistent demand for affordable accommodation, this property represents a solid opportunity for investors or owner-operators seeking reliable income with potential for future growth. The lot size is 0.03 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8346649
    Latitude
    40.9098207

    Nearby Similar for Sale

    • $799,999
      Pending

      Mount Vernon Multi-Home Investment Opportunity

      Dual-home property with income-producing units and single-family home.
      450-452 Franklin Ave, Mount Vernon, NY 10553
      View Details
    • $947,000
      Pending

      Modern Move-In Ready Two-Family Home

      Two-family home with modern design and financial incentives.
      27 Dell Ave, Mount Vernon, NY 10553
      View Details
    • $900,000
      Pending

      Renovated Triplex in Mount Vernon

      Three-unit multifamily property with high-end finishes and recent upgrades.
      418 S 1St Ave, Mount Vernon, NY 10550
      View Details
    • $899,000
      0.12 Acres

      Colonial Triplex in Mount Vernon

      Spacious pre-war Colonial triplex with original details and convenient location.
      134 Vista Pl, Mount Vernon, NY 10550
      View Details
    • $869,999
      Pending

      Renovated Duplex in Mount Vernon

      Well-maintained, newly renovated duplex with income potential in Mount Vernon.
      290 E Sidney Ave, Mount Vernon, NY 10553
      View Details
    • $499,000
      Pending

      Mount Vernon Two Family Home

      Income-producing two-family home in Mount Vernon, NY.
      557 S 5Th Ave, Mount Vernon, NY 10550
      View Details
    • New
      $825,000
      Pending

      Fleetwood Multifamily Property For Sale

      Multifamily property in Fleetwood, NY, available for purchase.
      248 Westchester Ave, Fleetwood, NY 10552
      View Details
    • $549,000
      0.05 Acres

      Mount Vernon Two-Family Property

      Well-maintained two-family property in a convenient Mount Vernon location.
      350 S 2Nd Ave, Mount Vernon, NY 10550
      View Details
    • $695,000
      Pending

      Mount Vernon Duplex: Investor Opportunity

      Duplex in Mount Vernon, perfect for investors and contractors.
      413 Hancock Ave, Mount Vernon, NY 10553
      View Details
    • $769,900
      0.08 Acres

      Updated Multi-Family Home

      Updated multi-family home, ideal for immediate occupancy and rental income.
      22 Chestnut Pl, Mount Vernon, NY 10553
      View Details
    • $749,000
      Pending

      Mount Vernon Two-Family Home

      Two-family home with detached two-car garage in convenient location.
      4 Oakley Pl, Mount Vernon, NY 10550
      View Details
    • $900,000
      Pending

      Charming Triplex in Mount Vernon

      Spacious triplex with six bedrooms in a vibrant community.
      521 Locust St, Mount Vernon, NY 10552
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 16-room boarding house with strong rental potential.
    Where is this apartment building located?
    The property is located at 66 W 2Nd Ave Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $1,333,000.
    What are key features of this property?
    This property features: - Strong rental potential and steady cash flow as a boarding house investment.; - Sixteen private rooms, generously sized for single or double occupancy.; - Convenient location near public transport, shops, schools, and local amenities.
    (914) 413-7631
    Request Owner's contact information
    66 W 2Nd Ave Mount Vernon, NY 10550
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    66 W 2Nd Ave
    Mount Vernon, NY 10550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    66 W 2Nd Ave Mount Vernon, NY 10550
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Saleem Naber
    Saleem Naber
    (914) 413-7631
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.