Renovated Mixed-Use Asset For
For Sale
Contact for pricing
199 Stevens Avenue, Mount Vernon, NY 10550
Fully occupied, renovated mixed-use property with strong cash flow.
Property Size8,864 SF
Price / SF$225.52
Days on Market229
Property Features for 199 Stevens Avenue
General Information
Standard status
Active
Size
8,864 SF
Property subtype
Multifamily
Net Operating Income
$191,385
Building Details
Year Built
2018
Units
8
Listing Agency:
Distinguished Realty Services
Listed By:
Francis Morris · License #NY
(914) 677-2623
Source:
Crexi
Added: Feb 19
Changed: Aug 27
Last Checked: Sep 4 at 2:28AM
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 Distinguished Realty Services
Investment Insights
Based on property information with market context.
This is an 8-unit mixed-use asset, fully occupied and consisting of six two-bedroom residential units and two long-term retail tenants. The building has a total area of 8,864 square feet. The property was completely renovated in 2018. It generates a Net Operating Income of $191,385 and has a 9.57% Cap Rate.
Key Highlights
- High 9.57% Cap Rate at $1,999,000
- $191,385 Net Operating Income
- 100% Occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,033
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,040,660
$3.0M
Cap Rate 7%
$2,171,900
$2.2M
Cap Rate 9%
$1,689,256
$1.7M
Market Conditions
NOI Build-Up for 8,864 SF
Gross rent
$292.5K $33.00/SF
− Vacancy
−$16.1K −$1.82/SF
EGI
$276.4K $31.19/SF
− OpEx
−$124.4K −$14.03/SF
NOI
$152.0K $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%
$3,040,660
Cap Rate 7%
$2,171,900
Cap Rate 9%
$1,689,256
Alternative Uses
Best Use
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $152,033 @ 7.0% cap · market cap 7.61%
Second Best
Mixed Use
$1.84M
$1.61M – $2.14M
NOI $128,473 @ 7.0% cap · market cap 6.43%
Theoretical Best
Retail
$2.68M
$2.34M – $3.12M
NOI $187,425 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,363
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied, renovated mixed-use property with strong cash flow.
Where is this mixed-use property located?
The property is located at 199 Stevens Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: High 9.57% Cap Rate at $1,999,000; $191,385 Net Operating Income; 100% Occupied
