For Sale
$350,000
26 South 4Th Ave, Mount Vernon, NY 10550
26 B 1/2 South 4th Avenue Mount Vernon
Property Size1,950 SF
Lot Size0.03 Acres
Price / SF$179.49
Days on Market93
Property Features for 26 South 4Th Ave
General Information
Standard status
Active
Property type
Drug stores, Storefront properties, Office buildings, Retail properties & Spaces, Office Spaces
Size
1,950 SF
Net Rentable
1,950 SF
Elevators
No
Lot size
0.03 Acres
Occupancy
100%
Investment Type
Owner User
Net Operating Income
$21,000
Building Details
Year Built
1954
Year Renovated
1983
Buildings
1
Stories
2
Units
1
Listing Agency:
(718) 640-4431
Listed By:
Diane Mi Ryoung
(718) 640-4431
Added: May 27
Investment Insights
Based on property information with market context.
Key Highlights
- Great foot traffic, sign frontage, large street window visibility vibrant downtown Mt. Vernon! 4,600+ cars daily, buses around the block near train!
- Qualified federal and New York state community development tax opportunity zone.
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
$29,861
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
8.53%
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%
$597,220
$597.2K
Cap Rate 7%
$426,586
$426.6K
Cap Rate 9%
$331,789
$331.8K
Market Conditions
NOI Build-Up for 1,950 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
$53.6K $27.48/SF
− Vacancy
−$13.8K −$7.06/SF
EGI
$39.8K $20.42/SF
− OpEx
−$10.0K −$5.10/SF
NOI
$29.9K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
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%
$597,220
Cap Rate 7%
$426,586
Cap Rate 9%
$331,789
Alternative Uses
Best Use
Retail
$589.0K
$515.4K – $687.2K
NOI $41,232 @ 7.0% cap · market cap 11.78%
Second Best
Specialty Retail
$478.9K
$419.0K – $558.7K
NOI $33,521 @ 7.0% cap · market cap 9.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,022
Businesses Nearby
Balanced
Demand for This Use
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 Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Knock on Hemp — 50 E Sandford Blvd, Mt Vernon, NY 10550
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- Nellickel Joby — 4704 White Plains Rd, Bronx, NY 10470
- City Line Pharmacy — 4704 White Plains Rd, Bronx, NY 10470
- Platinum Cutz — 4435 Mundy Ln, Bronx, NY 10466
Frequently Asked Questions
What type of property is this?
Drug store - 26 B 1/2 South 4th Avenue Mount Vernon
Where is this drug store located?
The property is located at 26 South 4Th Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Great foot traffic, sign frontage, large street window visibility vibrant downtown Mt. Vernon! 4,600+ cars daily, buses around the block near train!; Qualified federal and New York state community development tax opportunity zone.
