Mount Vernon Two-Story Commercial
For Sale
$2,900,000
30 South Street, Mount Vernon, NY 10550
Two-story commercial building in Mount Vernon, totaling 18,000± SF.
Property Size18,000 SF
Price / SF$161.11
Days on Market387
Property Features for 30 South Street
General Information
Standard status
Active
Size
18,000 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
NB Elite Realty LLC
(844) 444-6237
Listed By:
Younis N. Dajah · License #10401368536
(203) 327-0021
Source:
Cthomeseekers
Added: Aug 4, 2025
Changed: Aug 23
Last Checked: Aug 25 at 8:54AM
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 NB Elite Realty LLC
Investment Insights
Based on property information with market context.
Located in Mount Vernon, NY, this two-story commercial building offers approximately 18,000 square feet of space, with each floor providing around 9,000 square feet. The open layout is adaptable for various business types, including office, retail, warehouse, showroom, medical, or light industrial purposes. The second floor features high ceilings, and the property includes loading access and ample power. Each floor can be leased individually or together for full-building occupancy. The building is situated in a busy commercial area with strong visibility and traffic flow, offering convenient access to major highways, Metro-North, and public transportation. The location has a walk score of 78, indicating it is very walkable, a transit score of 63, indicating good transit options, and a bike score of 44, indicating it is somewhat bikeable.
Key Highlights
- Prime commercial space in the heart of Mount Vernon
- 18,000± SF total space (9,000± SF per floor) suitable for office, retail, warehouse, showroom, medical, or light industrial use
- Flexible leasing options: lease each floor individually or together for full‑building occupancy
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
$260,888
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
9.00%
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%
$5,217,760
$5.2M
Cap Rate 7%
$3,726,971
$3.7M
Cap Rate 9%
$2,898,756
$2.9M
Market Conditions
NOI Build-Up for 18,000 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
$540.0K $30.00/SF
− Vacancy
−$122.6K −$6.81/SF
EGI
$417.4K $23.19/SF
− OpEx
−$156.5K −$8.70/SF
NOI
$260.9K $14.49/SF
Area
Westchester County, NY
Vacancy
22.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$5,217,760
Cap Rate 7%
$3,726,971
Cap Rate 9%
$2,898,756
Alternative Uses
Best Use
Retail
$5.44M
$4.76M – $6.34M
NOI $380,601 @ 7.0% cap · market cap 13.12%
Second Best
Warehouse
$3.94M
$3.45M – $4.60M
NOI $275,841 @ 7.0% cap · market cap 9.51%
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
2,372
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial building in Mount Vernon, totaling 18,000± SF.
Where is this mixed-use property located?
The property is located at 30 South Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime commercial space in the heart of Mount Vernon; 18,000± SF total space (9,000± SF per floor) suitable for office, retail, warehouse, showroom, medical, or light industrial use; Flexible leasing options: lease each floor individually or together for full‑building occupancy
