Two-Unit
For Sale
$950,000
241 S 5th Avenue, Mount Vernon, NY 10550
Both residences feature eat-in kitchens and separate gas and electric meters.
Property Size2,880 SF
Price / SF$329.86
Days on Market25
Property Features for 241 S 5th Avenue
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
6
Property subtype
Duplex
Site & Location
Neighborhood
West Mount Vernon
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
covered front porch
fenced yard
eat-in kitchens
Building Details
Year Built
2016
Construction
brick and stone
Listing Agency:
Real Broker NY LLC
Listed By:
Elizabeth Poggiogalle
(914) 294-7563
Source:
Fivecornersproperties
Added: Oct 1
Changed: Oct 22
Last Checked: Oct 22 at 4:24AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
Completed in 2016, this duplex contains two matching residences, each with three bedrooms, two full bathrooms and 1,440 square feet. The combined building area is 2,880 square feet. Brick and stone exterior finishes, covered front porches, a fenced yard and a level lot define the property. Each unit has an eat-in kitchen and separate gas and electric meters; tenants are responsible for their own gas and heat. A two-car attached garage and private driveway provide parking for four vehicles.
Mount Vernon East Metro-North is minutes away, with service to Grand Central. Montefiore Mount Vernon Hospital, shopping, dining and parks are nearby. The property also has access to the Cross County and Hutchinson River Parkways and I-95.
Mount Vernon East Metro-North is minutes away, with service to Grand Central. Montefiore Mount Vernon Hospital, shopping, dining and parks are nearby. The property also has access to the Cross County and Hutchinson River Parkways and I-95.
Key Highlights
- Two residences, each with 3 bedrooms, 2 full baths and 1,440 square feet; 2,880 square feet total
- Built in 2016 with brick and stone exterior
- Separate electric and gas meters for each unit; tenants handle their own gas and heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,096
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,920
$1.1M
Cap Rate 7%
$801,371
$801.4K
Cap Rate 9%
$623,289
$623.3K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$85.7K $29.76/SF
− Vacancy
−$5.6K −$1.93/SF
EGI
$80.1K $27.83/SF
− OpEx
−$24.0K −$8.35/SF
NOI
$56.1K $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 Rate 5%
$1,121,920
Cap Rate 7%
$801,371
Cap Rate 9%
$623,289
Alternative Uses
Best Use
Multifamily LT 5
$801.4K
$701.2K – $934.9K
NOI $56,096 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$705.7K
$617.5K – $823.3K
NOI $49,397 @ 7.0% cap · market cap 5.20%
Theoretical Best
Retail
$869.9K
$761.2K – $1.01M
NOI $60,896 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,885
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature eat-in kitchens and separate gas and electric meters.
Where is this duplex located?
The property is located at 241 S 5th Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms, 2 full baths and 1,440 square feet; 2,880 square feet total; Built in 2016 with brick and stone exterior; Separate electric and gas meters for each unit; tenants handle their own gas and heat
