6-Unit Multifamily
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 Market50
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
Listed By:
Michael J. Venuto
(347) 584-6993
Source:
Shawmetro
Added: Aug 19
Changed: Sep 23
Last Checked: Oct 5 at 9:17PM
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 / Yr
$110,063
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
