For Sale
$699,999
119 E Lincoln Avenue, Mount Vernon, NY 10552
This Mount Vernon duplex offers a residential income configuration near shopping, dining, parks, and public transportation.
Property Size3,484 SF
Price / SF$200.92
Days on Market14
Property Features for 119 E Lincoln Avenue
General Information
Standard status
Active
Size
3,484 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$18,456
Building Details
Building Size
3,484 SF
Year Built
1899
Listing Agency:
Keller Williams Realty Group
Listed By:
Safiya Swan · License #10401264654
(914) 512-7764
Source:
Shawmetro
Added: Sep 18
Changed: Sep 30
Last Checked: Sep 30 at 4:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Group
Investment Insights
Based on property information with market context.
Built in 1899, this duplex is located at 119 E Lincoln Avenue in Mount Vernon, New York. The property is identified as a multifamily residence, with no additional details provided about its interior layout or condition.
Shopping, dining, parks, public transportation, and major parkways are accessible from the property. Local parks and recreation are also nearby.
Shopping, dining, parks, public transportation, and major parkways are accessible from the property. Local parks and recreation are also nearby.
Key Highlights
- Built in 1899
- Located at 119 E Lincoln Avenue in Mount Vernon, New York
- Nearby access to shopping, dining, parks, public transportation, and major parkways
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
$59,757
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
8.54%
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%
$1,195,140
$1.2M
Cap Rate 7%
$853,671
$853.7K
Cap Rate 9%
$663,967
$664.0K
Market Conditions
NOI Build-Up for 3,484 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
$115.0K $33.00/SF
− Vacancy
−$6.3K −$1.82/SF
EGI
$108.6K $31.19/SF
− OpEx
−$48.9K −$14.03/SF
NOI
$59.8K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,195,140
Cap Rate 7%
$853,671
Cap Rate 9%
$663,967
Alternative Uses
Best Use
Multifamily LT 5
$969.4K
$848.3K – $1.13M
NOI $67,861 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$853.7K
$747.0K – $996.0K
NOI $59,757 @ 7.0% cap · market cap 8.54%
Theoretical Best
Retail
$1.05M
$920.8K – $1.23M
NOI $73,667 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 10552, NY
21,296
Population
10,143
Households
2.1
Avg Household Size
44
Median Age
52%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
12,527
Density / Sq Mi
$97,105
Median Household Income
$60,329
Median Earnings
$1,770
Median Rent
$331,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - This Mount Vernon duplex offers a residential income configuration near shopping, dining, parks, and public transportation.
Where is this duplex located?
The property is located at 119 E Lincoln Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Built in 1899; Located at 119 E Lincoln Avenue in Mount Vernon, New York; Nearby access to shopping, dining, parks, public transportation, and major parkways
