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Fully Occupied Multifamily Investment Property
For Sale
$1,350,000

355 Mundy Lane, Mount Vernon, NY 10550

Five-unit building with diversified rental demand near transportation and amenities.

Property SizeContact for details
Lot Size0.10 Acres
Days on Market294

Property Features for 355 Mundy Lane

General Information

Standard status Active
Lot size 0.10 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $18,480

Amenities

Carport

Building Details

Year Built 1967
Listing Agency: POMP REALTY ADVISORS INC
Listed By: YOEL PEYAMIPOUR
Source: Corcoran
Added: Nov 2, 2025 Changed: Aug 21 Last Checked: Aug 21 at 7:43AM

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 POMP REALTY ADVISORS INC

Investment Insights

Based on property information with market context.

Located at 355 Mundy Lane, this fully occupied 5-family building offers an investment opportunity with steady rental income. The property features a mix of unit sizes, including three 1-bedroom, 1-bath apartments (Units 1–3) and two 2-bedroom, 1-bath apartments (Units 4–5). The property is well-maintained and positioned for reliable cash flow and long-term appreciation. Its location provides convenient access to major highways, public transportation, shopping, and schools.

Key Highlights

  • Fully occupied 5‑family building provides immediate and steady rental income.
  • Balanced mix of unit sizes with 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath units.
  • Convenient location near major highways, public transportation, shopping, and schools.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Skin Care Clinic Parking Lot & Garage Acupuncture Real Estate Agency (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,576
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-unit building with diversified rental demand near transportation and amenities.
Where is this apartment building located?
The property is located at 355 Mundy Lane Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully occupied 5‑family building provides immediate and steady rental income.; Balanced mix of unit sizes with 1‑bedroom, 1‑bath and 2‑bedroom, 1‑bath units.; Convenient location near major highways, public transportation, shopping, and schools.
More about this property
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