Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    437 Locust St, Unit 1 Mount Vernon, NY 10552

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,650 /Mo

    Modern 2-bedroom apartment in Mount Vernon with utilities included.

    Lot size:
    0.06 Acres

    Property Features for 437 Locust St

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    Carolyn Constantine
    Source: Elliman

    Listing Agent: Carolyn Constantine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Apartment Near Fleetwood Station

    This updated 2-bedroom apartment is located in Mount Vernon. The unit features a stylish kitchen and bathroom. It is conveniently located minutes from the Fleetwood train station, local shops, and Cross County Shopping Center. The property offers easy access to Bronx River Parkway and Hutchinson Parkway. All utilities are included in the rent. The apartment has direct access to a private backyard area. Laundry is available on the premises.
    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
    -73.8423363
    Latitude
    40.920399

    Nearby Similar for Lease

    • $1,975 /Mo
      Pending

      Mount Vernon Office Space Available

      1,684 SF office space for rent, immediate occupancy.
      68 E Sandford Blvd, Mount Vernon, NY 10550
      View Details
    • $1,700 /Mo

      Downtown Mount Vernon Retail Space

      Commercial space in downtown Mount Vernon with street level exposure.
      71 S 3Rd Ave, Mount Vernon, NY 10550
      View Details
    • $23 SF/Yr
      7,200 SF

      Renovated Office with Parking Lot

      Renovated 7,200 sq ft office with 3,000 sq ft lot.
      546-550 Franklin Ave, Mount Vernon, NY 10550
      View Details
    • $2,397 /Mo

      Fleetwood Place Apartment Rental

      Apartment near Metro North with renovated common areas.
      33 William St, Mount Vernon, NY 10552
      View Details
    • $3,800 /Mo
      800 SF

      Prime Retail Space in Mount Vernon

      High-visibility retail space with abundant natural light and flexible layout.
      756 S 5Th Ave, Mount Vernon, NY 10550
      View Details
    • $5,000 /Mo

      Turn-Key Medical/Healthcare Space Available

      Prime location, fully built-out medical/healthcare space for lease.
      504 1St St, Mount Vernon, NY 10552
      View Details
    • Contact for pricing
      7,050 SF

      Mount Vernon Flex Space For Lease

      7,050 SF Flex Space in Mount Vernon, NY
      42 Broad St, Mount Vernon, NY 10552
      View Details
    • $2,800 /Mo

      Mount Vernon Office Space Available

      Well-maintained office space with utilities and parking included.
      31 Warren Pl, Mount Vernon, NY 10550
      View Details
    • $24 SF/Yr
      41,100 SF

      Mount Vernon Industrial Spaces

      Flexible Spaces, Prime Location, NYC Access
      250 Sandford Blvd, Mount Vernon, NY 10550
      View Details
    • Contact for pricing
      2,836 SF

      Mount Vernon Retail Space For Lease

      Prime Storefront, 2,836 sq ft Available
      203 Gramatan Ave, Mount Vernon, NY 10550
      View Details
    • $3,300 /Mo
      1,200 SF

      Modern 3-Bedroom Apartment For Rent

      Top-floor apartment with modern finishes, near transportation and amenities.
      142 N 8Th Ave, Mount Vernon, NY 10550
      View Details
    • $13 SF/Yr
      39,750 SF

      Mount Vernon Industrial Flex Space

      Versatile warehouse/flex space for lease.
      718 Fulton Ave, Mount Vernon, NY 10550
      View Details

    FAQs

    What type of property is this?
    Apartment building - Modern 2-bedroom apartment in Mount Vernon with utilities included.
    Where is this apartment building located?
    The property is located at 437 Locust St, Unit 1 Mount Vernon, NY.
    What are key features of this property?
    This property features: - All utilities included in rent; - Convenient location: minutes from Fleetwood train station, local shops, and Cross County Shopping Center; - Easy access to Bronx River Parkway and Hutchinson Parkway
    (929) 215-4963
    Request Owner's contact information
    437 Locust St, Unit 1 Mount Vernon, NY 10552
    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.
    437 Locust St, Unit 1
    Mount Vernon, NY 10552
    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
    437 Locust St, Unit 1 Mount Vernon, NY 10552
    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
    Carolyn Constantine
    (929) 215-4963
    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.