Mixed-Use Property with
For Sale
$1,825,000
Pending
124-128 W Lincoln Avenue, Mount Vernon, NY 10550
Separate residential and commercial structures combine rental housing, office suites, salon space, and multiple garage bays.
Property Size8,585 SF
Days on Market10
Property Features for 124-128 W Lincoln Avenue
General Information
Standard status
Pending
Size
8,585 SF
Site & Location
Neighborhood
West Mount Vernon
Mixed-Use Components
residential, commercial
Additional Details
Office Units
3
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$28,626
Amenities
Bilco Door(s),Full,Storage Space
Carpet,Ceramic Tile,Hardwood
1 Common Wall
Yes
Bilco Door(s), Full, Storage Space
Back Yard
Public
15
No
Detached, Driveway, Garage, Garage Door Opener, Heated Garage, Off Street, Private
Municipal
8585
Public Maintained Road
Building Details
Building Size
8,585 SF
Year Built
1900
Buildings
3
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:49PM
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 Aman Deep Sabharwal
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Investment Insights
Based on property information with market context.
The property includes a duplex with two residential units and a separate commercial structure containing three office spaces. A beauty salon occupies the commercial building’s first floor under lease. Garage space includes a heated three-car garage with 9-foot doors and a bathroom, plus two additional bays. The first-floor residence has two bedrooms, 1.5 bathrooms, and a private rear deck; the leased upper residence spans the second and third floors and has three bedrooms and one bathroom. A parking area between the buildings accommodates about 10 vehicles. Each residential and commercial unit has its own heating system and electrical service.
Located at 124-128 W Lincoln Avenue in Mount Vernon, the property has new roofs on the residential and commercial buildings, a replacement heating system for the second-floor residence, and a waterproofed basement with a French drain. The former oil tank has been removed. The three-car garage is leased to a long-term tenant, and the salon also has a lease in place.
Located at 124-128 W Lincoln Avenue in Mount Vernon, the property has new roofs on the residential and commercial buildings, a replacement heating system for the second-floor residence, and a waterproofed basement with a French drain. The former oil tank has been removed. The three-car garage is leased to a long-term tenant, and the salon also has a lease in place.
Key Highlights
- Two residential units in a duplex, plus three commercial office spaces
- Commercial building includes a first‑floor beauty salon with a lease in place
- Heated three‑car garage with 9‑foot doors, a bathroom, and two additional garage bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$167,218
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,344,360
$3.3M
Cap Rate 7%
$2,388,829
$2.4M
Cap Rate 9%
$1,857,978
$1.9M
Market Conditions
NOI Build-Up for 8,585 SF
Gross rent
$255.5K $29.76/SF
− Vacancy
−$16.6K −$1.93/SF
EGI
$238.9K $27.83/SF
− OpEx
−$71.7K −$8.35/SF
NOI
$167.2K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,344,360
Cap Rate 7%
$2,388,829
Cap Rate 9%
$1,857,978
Alternative Uses
Best Use
Multifamily LT 5
$2.39M
$2.09M – $2.79M
NOI $167,218 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $147,248 @ 7.0% cap · market cap 8.07%
Theoretical Best
Retail
$2.59M
$2.27M – $3.03M
NOI $181,525 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,790
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate residential and commercial structures combine rental housing, office suites, salon space, and multiple garage bays.
Where is this mixed-use property located?
The property is located at 124-128 W Lincoln Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Two residential units in a duplex, plus three commercial office spaces; Commercial building includes a first‑floor beauty salon with a lease in place; Heated three‑car garage with 9‑foot doors, a bathroom, and two additional garage bays
