Mixed-Use Office Building with
For Sale
Contact for pricing
10 Broad St W, Mount Vernon, NY 10552
30,000 SF office building with retail on grade, zoned DB, delivered vacant near Metro-North Fleetwood.
Property Size30,000 SF
Price / SF$250
Days on Market890
Property Features for 10 Broad St W
General Information
Standard status
Active
Size
30,000 SF
Property subtype
OFFICE
Zoning
DB
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Buildings
1
Building Size
30,000 SF
Listing Agency:
ERG
(646) 253-0984
Listed By:
Mary Guarino
Source:
Moodyscre
Added: Feb 21, 2024
Changed: Jul 30
Last Checked: Jul 30 at 6:20AM
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 ERG
Investment Insights
Based on property information with market context.
10 Broad St W in Mount Vernon is a 30,000 SF mixed-use office building with retail on grade. The property will be delivered vacant. Zoning is DB (Downtown Business), and the site has a total buildable of 100,000 SF as of right.
Mount Vernon is currently in an expansion mode, including recently approved development of 249 residential units with 20,000 SF of retail and an adjacent parking garage. The subject property is also near transportation, with a short walk to the Metro-North Fleetwood train station and less than 1/4 mile to the intersection of Cross County Pkwy and Bronx River Pkwy.
Mount Vernon is currently in an expansion mode, including recently approved development of 249 residential units with 20,000 SF of retail and an adjacent parking garage. The subject property is also near transportation, with a short walk to the Metro-North Fleetwood train station and less than 1/4 mile to the intersection of Cross County Pkwy and Bronx River Pkwy.
Key Highlights
- 30,000 SF mixed‑use office building with retail on grade
- Delivered vacant for new occupancy or redevelopment
- Zoned DB (Downtown Business)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.04M | $34.80 |
| − Vacancy | −$137.8k | −$4.59 |
| EGI | $906.2k | $30.21 |
| − OpEx | −$271.9k | −$9.06 |
| NOI | $634.3k | $21.14 |
30,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.06M
$7.93M – $10.57M
NOI $634,334 @ 7.0% cap · market cap 8.46%
Second Best
Office B
$6.56M
$5.74M – $7.66M
NOI $459,397 @ 7.0% cap · market cap 6.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
958
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 30,000 SF office building with retail on grade, zoned DB, delivered vacant near Metro-North Fleetwood.
Where is this office building located?
The property is located at 10 Broad St W Mount Vernon, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 30,000 SF mixed‑use office building with retail on grade; Delivered vacant for new occupancy or redevelopment; Zoned DB (Downtown Business)
