6-Unit Multifamily
New
For Sale
$1,650,000
14 E Sandford Boulevard, Mount Vernon, NY 10550
Six renovated apartments offer three bedrooms, two bathrooms, central HVAC, hardwood flooring, and basement laundry facilities.
Property Size6,417 SF
Price / SF$257.13
Days on Market4
Property Features for 14 E Sandford Boulevard
General Information
Standard status
Active
Size
6,417 SF
Property subtype
Multi Family
Units
Unit Mix
6 x 3BR/2BA
Multifamily Units
6
Additional Details
Cap Rate
6.65%
Taxes and HOA fees
Annual Taxes
$31,204
Amenities
coin-operated laundry room
private storage room
central heating and air conditioning
Building Details
Building Size
6,417 SF
Year Built
1924
Year Renovated
2015
Listing Agency:
Link NY Realty
(347) 584-6993
Listed By:
Michael J. Venuto
Source:
Shawmetro
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 5:25AM
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 Link NY Realty
Investment Insights
Based on property information with market context.
This six-unit multifamily property contains six three-bedroom, two-bathroom apartments, each with central heating and air conditioning, hardwood floors, generous kitchen areas, closet storage, and an open living, dining, and kitchen arrangement. The building was substantially reconstructed in 2015 from the foundation upward, with updated electrical, plumbing, roofing, and major building systems. Each apartment was renovated during that work.
A basement laundry room with coin-operated machines serves the property, and every tenant has a private storage room. Residents are responsible for heat, hot water, electricity, and cooking gas. The 6,417-square-foot building was originally constructed in 1924 and is currently operating at approximately a 6.65% cap rate.
A basement laundry room with coin-operated machines serves the property, and every tenant has a private storage room. Residents are responsible for heat, hot water, electricity, and cooking gas. The 6,417-square-foot building was originally constructed in 1924 and is currently operating at approximately a 6.65% cap rate.
Key Highlights
- Six 3‑bedroom, 2‑bathroom apartments
- 6,417 SF multifamily building originally constructed in 1924
- Extensive 2015 reconstruction included electrical, plumbing, roofing, and major building systems
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
$110,063
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
6.67%
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%
$2,201,260
$2.2M
Cap Rate 7%
$1,572,329
$1.6M
Cap Rate 9%
$1,222,922
$1.2M
Market Conditions
NOI Build-Up for 6,417 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
$211.8K $33.00/SF
− Vacancy
−$11.6K −$1.82/SF
EGI
$200.1K $31.19/SF
− OpEx
−$90.1K −$14.03/SF
NOI
$110.1K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
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%
$2,201,260
Cap Rate 7%
$1,572,329
Cap Rate 9%
$1,222,922
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.38M – $1.83M
NOI $110,063 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.94M
$1.70M – $2.26M
NOI $135,684 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,544
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six renovated apartments offer three bedrooms, two bathrooms, central HVAC, hardwood flooring, and basement laundry facilities.
Where is this apartment building located?
The property is located at 14 E Sandford Boulevard Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six 3‑bedroom, 2‑bathroom apartments; 6,417 SF multifamily building originally constructed in 1924; Extensive 2015 reconstruction included electrical, plumbing, roofing, and major building systems
