Three-Unit Home with Detached
For Sale
$1,288,000
3-525 S 11th Ave, Mount Vernon, NY 10550
Three separate gas and electric meters support independent utility billing across the residences.
Property Size3,800 SF
Price / SF$338.95
Days on Market14
Property Features for 3-525 S 11th Ave
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Residential Income
Site & Location
Neighborhood
West Mount Vernon
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 3BR/1BA
Multifamily Units
3
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$17,187
Amenities
private yard
detached garage
finished lower level
Building Details
Buildings
1
Listing Agency:
US Home Services Realty Corp
(718) 426-4211
Listed By:
Luis G. Guanoquiza Leon
(347) 239-0662
Source:
Exprealty
Added: Oct 19
Changed: Oct 31
Last Checked: Nov 1 at 10:22AM
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 US Home Services Realty Corp
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Investment Insights
Based on property information with market context.
This three-family property contains three residences, each offering three bedrooms and one full bath. Interior features include high ceilings, generous living areas, ample closet space, and contemporary kitchens equipped with stainless-steel appliances, updated cabinetry, and large islands. Separate entrances serve each residence, and the home is scheduled to be vacant at closing.
A finished lower level adds three rooms and a full bath. The property also includes a private yard and a detached garage. It is located on a dead-end residential street in Mount Vernon.
A finished lower level adds three rooms and a full bath. The property also includes a private yard and a detached garage. It is located on a dead-end residential street in Mount Vernon.
Key Highlights
- Three residences, each with 3 bedrooms and 1 full bath
- Finished lower level with 3 additional rooms and a full bath
- Separate entrances and individual gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,016
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,320
$1.5M
Cap Rate 7%
$1,057,371
$1.1M
Cap Rate 9%
$822,400
$822.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$113.1K $29.76/SF
− Vacancy
−$7.4K −$1.93/SF
EGI
$105.7K $27.83/SF
− OpEx
−$31.7K −$8.35/SF
NOI
$74.0K $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%
$1,480,320
Cap Rate 7%
$1,057,371
Cap Rate 9%
$822,400
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$925.2K – $1.23M
NOI $74,016 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$931.1K
$814.7K – $1.09M
NOI $65,177 @ 7.0% cap · market cap 5.06%
Theoretical Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,349 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate gas and electric meters support independent utility billing across the residences.
Where is this triplex located?
The property is located at 3-525 S 11th Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Three residences, each with 3 bedrooms and 1 full bath; Finished lower level with 3 additional rooms and a full bath; Separate entrances and individual gas and electric meters
