Legal Five-Family Apartment
143-147 East Prospect Avenue Mount Vernon, NY 10550
For Sale
$1,450,000
Legal five-family property with five fully occupied units and a 14-space private parking lot.
Property Size5,000 SF
Price / SF$290
Days on Market1506
Property Features for 143-147 East Prospect Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
Charles Rutenberg Realty, Inc.
(516) 575-7500
Listed By:
Georgina T. Maynard
(516) 575-7500
Source:
Compass
Added: Jun 10, 2022
Changed: Jul 23
Last Checked: Jul 23 at 3:11AM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
This legal five-family apartment building is configured as five fully occupied units, providing immediate rental income. The property also includes a 14-space private parking lot that is offered to tenants at $125 per space per month, creating convenient off-street parking.
The building is located at 143-147 East Prospect Avenue in Mount Vernon, NY 10550. Public remarks note easy access to local amenities, schools, parks, shopping centers, and that tenants are within walking distance to the Metro-North Train and buses.
The property is identified as RMF15 zoned, offering flexibility for expansion or redevelopment, subject to applicable approvals.
The building is located at 143-147 East Prospect Avenue in Mount Vernon, NY 10550. Public remarks note easy access to local amenities, schools, parks, shopping centers, and that tenants are within walking distance to the Metro-North Train and buses.
The property is identified as RMF15 zoned, offering flexibility for expansion or redevelopment, subject to applicable approvals.
Key Highlights
- Legal five‑family property with five fully occupied units and finished walk‑out basement
- 14‑space private parking lot with off‑street parking at $125 per space per month
- Corner lot with porch and driveway plus off‑street private parking
Financial Insights For Apartment 5plus
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 | $165.0k | $33.00 |
| − Vacancy | −$9.1k | −$1.82 |
| EGI | $155.9k | $31.19 |
| − OpEx | −$70.2k | −$14.03 |
| NOI | $85.8k | $17.15 |
5,000 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,759 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,722 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Legal five-family property with five fully occupied units and a 14-space private parking lot.
Where is this apartment building located?
The property is located at 143-147 East Prospect Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Legal five‑family property with five fully occupied units and finished walk‑out basement; 14‑space private parking lot with off‑street parking at $125 per space per month; Corner lot with porch and driveway plus off‑street private parking
