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    257 S 3rd Ave Mount Vernon, NY 10550

    For Sale
    $4,100,000

    Vernon Court For Sale

    Property size:
    20,379 SF

    Description

    Added:
    May 7, 2025
    Days on Market:
    217
    Property located at 257 south 3rd street, Mount Vernon, NY. The building is a four story walkup apartment building containing a total of 24 units of which there are eight one bedroom and sixteen two bedroom apartments. There is one rent controlled apartment and the rest are rent stabilized with 12 section 8 tenants.

    The building is masonry construction and sits on 9,492 square feet of land. The property was recently renovated with 25 individual boilers, meters and PEX tubing for each unit. Brand new circuit boxes in each unit, new radiators in bedrooms, bathrooms and kitchens. New GFI outlets, additional circuits in each bedroom and new window gates for all lower level windows.

    Property Features for 257 S 3rd Ave

    General Information

    Property type
    Other specialty properties
    Square Feet
    20,379 SF
    Price / Square Foot
    $201
    Elevators
    N/A
    Net Rentable
    20,379 SF
    Occupancy
    95%

    Building Details

    Buildings
    1
    Stories
    4
    Units
    24

    HighLights

    • Four story, masonry construction walkup building featuring 24 apartments. Located in prosperous Southern Westchester County Well maintained property, with 25 individual boilers.
    Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    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
    State
    New York
    Longitude
    -73.8274276
    Latitude
    40.8920005

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    FAQs

    What type of property is this?
    Specialty property - Vernon Court For Sale
    Where is this specialty property located?
    The property is located at 257 S 3rd Ave Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: Four story, masonry construction walkup building featuring 24 apartments. Located in prosperous Southern Westchester County Well maintained property, with 25 individual boilers.
    (914) 220-9754
    Request Owner's contact information
    257 S 3rd Ave Mount Vernon, NY 10550
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    Mount Vernon, NY 10550
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    Realmo Value Estimation

    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.

    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.

    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
    257 S 3rd Ave Mount Vernon, NY 10550
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