Renovated 14-Unit Multifamily Building

3 Sherman Ave, Mount Vernon, NY 10552

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For Sale

$3,999,000

Unique, renovated 14-unit building near transportation and Chester Heights.

Type:Commercial

Listing Contact

Michelle Prisco

HighLights

Completely renovated in 2013, offering modern comfort and low maintenance.
Unique historic schoolhouse conversion with 14 units (+ super unit).
Potential for increased rental income through apartment rental in lower level, parking, laundry, and lease increases.
Mix of newly constructed 1 and 2 bedroom apartments.
Excellent commuter access: near major highways and 1.5 miles from the train.
Convenient location: steps to the bus and a short walk to Chester Heights.

Learn more

For Sale

$3,999,000

Unique, renovated 14-unit building near transportation and Chester Heights.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 5:44 pm

Property Features for 3 Sherman Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1901

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Listing Contact

Michelle Prisco

Listing agent Michelle Prisco

Listing office ERA Insite Realty

Listing date Apr 24, 2026

Source Elliman

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 ERA Insite Realty

HighLights

Completely renovated in 2013, offering modern comfort and low maintenance.
Unique historic schoolhouse conversion with 14 units (+ super unit).
Potential for increased rental income through apartment rental in lower level, parking, laundry, and lease increases.
Mix of newly constructed 1 and 2 bedroom apartments.
Excellent commuter access: near major highways and 1.5 miles from the train.
Convenient location: steps to the bus and a short walk to Chester Heights.

Overview

This 14-unit building, plus one super unit, was originally built as a historic schoolhouse and completely renovated in 2013. The property features a mix of one and two-bedroom apartments, all newly constructed during the full redevelopment. Additional income can be obtained through apartment rental in the lower level, as well as parking and laundry. Rental income can be increased through lease increases in 45 days of approximately $2,800 a month. On-site laundry facilities are available for residents. The property is located steps from the bus and a short walk to the Chester Heights neighborhood. It is ideally located near all major highways and 1.5 miles from the train, providing commuter access.

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Local Demand

City: Mount Vernon
County: Westchester
State: New York
Longitude: -73.8218297
Latitude: 40.9235186

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For sale
Apartment buildings
NY
Mount Vernon
10552
3 Sherman Ave

What type of property is this?

Apartment building - Unique, renovated 14-unit building near transportation and Chester Heights.

Where is this apartment building located?

The property is located at 3 Sherman Ave Mount Vernon, NY.

What is the asking price?

The asking price for this property is $3,999,000.

What are key features of this property?

This property features: Completely renovated in 2013, offering modern comfort and low maintenance.; Unique historic schoolhouse conversion with 14 units (+ super unit).; Potential for increased rental income through apartment rental in lower level, parking, laundry, and lease increases.