Attached Brick Two-Family
New
For Sale
$660,000
409 S 3rd Ave, Mount Vernon, NY 10550
Three-story attached brick two-family home with a vacant upper three-bedroom duplex and an occupied one-bedroom apartment.
Days on Market3
Property Features for 409 S 3rd Ave
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Investment
Building Details
Building Size
1,300 SF
Year Built
1958
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Cohen And Cohen Consulting Realty Inc
(917) 962-4962
Listed By:
Noel P. Cohen
(917) 962-4962
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 10:54AM
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 Cohen And Cohen Consulting Realty Inc
Investment Insights
Based on property information with market context.
Three-story attached brick two-family duplex with a vacant upper three-bedroom unit and an occupied first-floor one-bedroom apartment. The upper duplex features hardwood floors, a full bath, and an extra-large open-concept living room with dining area and kitchen, plus access to a walkout porch. Additional interior and outdoor amenities include modern appliances, a private backyard, and an attached one-car garage.
Convenient to Metro-North and Bee-Line buses, with nearby parks, shopping, and community amenities.
Built in 1958, the property is well suited for an owner-occupant who wants rental income, a buyer seeking separate living accommodations, or an investor looking to add residential income units to a portfolio.
Convenient to Metro-North and Bee-Line buses, with nearby parks, shopping, and community amenities.
Built in 1958, the property is well suited for an owner-occupant who wants rental income, a buyer seeking separate living accommodations, or an investor looking to add residential income units to a portfolio.
Key Highlights
- Three‑story attached brick two‑family duplex with a vacant upper three‑bedroom unit
- Occupied first‑floor one‑bedroom apartment
- Hardwood floors and an extra‑large open‑concept living room with dining area and kitchen
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.7k | $29.76 |
| − Vacancy | −$2.5k | −$1.93 |
| EGI | $36.2k | $27.83 |
| − OpEx | −$10.9k | −$8.35 |
| NOI | $25.3k | $19.48 |
1,300 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.7K
$316.5K – $422.0K
NOI $25,321 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$318.5K
$278.7K – $371.6K
NOI $22,297 @ 7.0% cap · market cap 3.38%
Theoretical Best
Retail
$392.7K
$343.6K – $458.1K
NOI $27,488 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,900
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-story attached brick two-family home with a vacant upper three-bedroom duplex and an occupied one-bedroom apartment.
Where is this duplex located?
The property is located at 409 S 3rd Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three‑story attached brick two‑family duplex with a vacant upper three‑bedroom unit; Occupied first‑floor one‑bedroom apartment; Hardwood floors and an extra‑large open‑concept living room with dining area and kitchen
