Pre-War Triplex With Detached
For Sale
$995,000
131 Vista Pl, Mount Vernon, NY 10550
Three vacant apartments with original architectural details, separate utilities, basement storage, and off-street parking.
Property Size3,568 SF
Days on Market10
Property Features for 131 Vista Pl
General Information
Standard status
Active
Size
3,568 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$17,512
Building Details
Building Size
3,568 SF
Year Built
1920
Units
3
Listing Agency:
Hollingsworth Real Estate Group
(914) 730-4238
Listed By:
Rey Hollingsworth Falu
(914) 730-4238
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 21 at 11:20AM
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 Hollingsworth Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1920, this Colonial-style triplex contains three separate apartments: two three-bedroom units and one four-bedroom unit. The property offers 10 total bedrooms and 3 full baths, with eat-in kitchens, hardwood flooring, tiled bathrooms, soaking tubs, updated vanities, high ceilings, stained glass windows, decorative fireplaces, and natural hardwood moldings. All units are currently vacant. A full unfinished basement, covered front porch, front and backyard, detached garage, and long private driveway add functional space and parking. The building also has separate utilities with 3 electric + gas meters.
Located at 131 Vista Pl in Mount Vernon, the property is near the Mount Vernon West Metro-North station, Wakefield 241st Subway Station serving the #2 train, Bronx River Parkway, and I-87. WalkScore is 74, BikeScore is 53, and TransitScore is 66.
Located at 131 Vista Pl in Mount Vernon, the property is near the Mount Vernon West Metro-North station, Wakefield 241st Subway Station serving the #2 train, Bronx River Parkway, and I-87. WalkScore is 74, BikeScore is 53, and TransitScore is 66.
Key Highlights
- Three apartments: two 3‑bedroom units and one 4‑bedroom unit
- 10 total bedrooms and 3 full baths
- All units currently vacant
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
$69,497
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
6.98%
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%
$1,389,940
$1.4M
Cap Rate 7%
$992,814
$992.8K
Cap Rate 9%
$772,189
$772.2K
Market Conditions
NOI Build-Up for 3,568 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
$106.2K $29.76/SF
− Vacancy
−$6.9K −$1.93/SF
EGI
$99.3K $27.83/SF
− OpEx
−$29.8K −$8.35/SF
NOI
$69.5K $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 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%
$1,389,940
Cap Rate 7%
$992,814
Cap Rate 9%
$772,189
Alternative Uses
Best Use
Multifamily LT 5
$992.8K
$868.7K – $1.16M
NOI $69,497 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$874.2K
$765.0K – $1.02M
NOI $61,197 @ 7.0% cap · market cap 6.15%
Theoretical Best
Retail
$1.08M
$943.1K – $1.26M
NOI $75,444 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,189
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three vacant apartments with original architectural details, separate utilities, basement storage, and off-street parking.
Where is this triplex located?
The property is located at 131 Vista Pl Mount Vernon, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Three apartments: two 3‑bedroom units and one 4‑bedroom unit; 10 total bedrooms and 3 full baths; All units currently vacant
