Brick Three-Family
For Sale
$800,000
36 S 8th Ave, Mount Vernon, NY 10550
Three residential units include two three-bedroom layouts and a one-bedroom layout, plus a partially finished basement.
Property Size3,400 SF
Days on Market9
Property Features for 36 S 8th Ave
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
2 x 3BR, 1 x 1BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,957
Amenities
partially finished basement
Building Details
Building Size
3,400 SF
Year Built
1918
Buildings
1
Units
3
Construction
brick
Listing Agency:
Keller Williams NY Realty
Listed By:
Clayton Jeffrey
(914) 879-4549
Source:
Elliman
Added: Sep 19
Last Checked: Sep 26 at 9:30AM
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 Keller Williams NY Realty
Investment Insights
Based on property information with market context.
This brick three-family property, built in 1918, includes two three-bedroom units and one one-bedroom unit. A partially finished basement adds usable interior space, while the two-car garage provides on-site parking and storage.
Located at 36 S 8th Ave in Mount Vernon, the property offers access to both the Mount Vernon East and Mount Vernon West Metro-North stations, along with New York City’s number 2 subway. The location records a Walk Score of 74, Transit Score of 65, and BikeScore of 53.
Located at 36 S 8th Ave in Mount Vernon, the property offers access to both the Mount Vernon East and Mount Vernon West Metro-North stations, along with New York City’s number 2 subway. The location records a Walk Score of 74, Transit Score of 65, and BikeScore of 53.
Key Highlights
- Three‑family brick property built in 1918
- Two three‑bedroom units and one one‑bedroom unit
- Partially finished basement
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
$66,225
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
8.28%
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%
$1,324,500
$1.3M
Cap Rate 7%
$946,071
$946.1K
Cap Rate 9%
$735,833
$735.8K
Market Conditions
NOI Build-Up for 3,400 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
$101.2K $29.76/SF
− Vacancy
−$6.6K −$1.93/SF
EGI
$94.6K $27.83/SF
− OpEx
−$28.4K −$8.35/SF
NOI
$66.2K $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 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%
$1,324,500
Cap Rate 7%
$946,071
Cap Rate 9%
$735,833
Alternative Uses
Best Use
Multifamily LT 5
$946.1K
$827.8K – $1.10M
NOI $66,225 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$833.1K
$729.0K – $971.9K
NOI $58,316 @ 7.0% cap · market cap 7.29%
Theoretical Best
Retail
$1.03M
$898.6K – $1.20M
NOI $71,891 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,345
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units include two three-bedroom layouts and a one-bedroom layout, plus a partially finished basement.
Where is this triplex located?
The property is located at 36 S 8th Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three‑family brick property built in 1918; Two three‑bedroom units and one one‑bedroom unit; Partially finished basement
