Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    41 S 12th Ave 2nd Floor Mount Vernon, NY 10550

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Spacious one-bedroom apartment with hardwood floors and included utilities.

    Type:Multi Family
    Added:
    Apr 15, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 15 at 11:57 pm

    Property Features for 41 S 12th Ave 2nd Floor

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Esther Andreana-Snetzko

    Listing agent Esther Andreana-Snetzko

    Listing office

    Listing date Apr 15, 2026

    Source Elliman

    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 Esther Andreana-Snetzko

    Overview

    One Bedroom Apartment For Rent

    This spacious one-bedroom apartment is located on the second floor of a multi-family home. The unit features hardwood floors and high ceilings. Heat and hot water are included in the rent. The bathroom is located in the hallway. The location is considered very walkable with a walk score of 74, bikeable with a bike score of 53, and has good transit with a transit score of 66.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8436871
    Latitude
    40.9084036

    Nearby Similar for Lease

    • $4,200/Mo

      Charming Office in Historic Building

      Bright, spacious office in Mount Vernon, near major highways.
      519 S 5th Avenue, Mount Vernon, NY 10550
      View Details
    • $4,500/Mo

      Mount Vernon Commercial Corner Property

      High-visibility commercial space in a busy Mount Vernon corridor.
      34 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details
    • $3,500/Mo

      Renovated Apartment Near Transportation

      Spacious, renovated 2-bedroom apartment with easy access to transportation.
      635 E Lincoln Avenue, Mount Vernon, NY 10552
      View Details
    • $5,500/Mo

      Prime Commercial Space Near Metro

      Ground-floor commercial space near transportation, ideal for various businesses.
      55 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details
    • $5,500/Mo

      Turnkey Auto Repair Space Available

      2,500 SF auto repair space for lease in Mount Vernon.
      770 S South 5th Ave, Mount Vernon, NY 10550
      View Details
    • $36 SF/Yr

      Turnkey Commercial Space Available

      1,000 SF commercial space with fully operational kitchen and bar.
      756-770 S 5th Ave, Mount Vernon, NY 10550
      View Details
    • $45 SF/Yr

      Turnkey Restaurant Space Available

      2,000 SF restaurant space with fully operational kitchen and bar.
      756-777 S 5th Ave, Mount Vernon, NY 10550
      View Details
    • $4,500/Mo

      Prime Corner Commercial Space Available

      High-visibility commercial space in a busy Mount Vernon corridor.
      34 Mount Vernon Ave, Mount Vernon, NY 10550
      View Details
    • $5,500/Mo

      Prime Commercial Space Near Station

      Ground-floor space near Mt Vernon West Metro-North station.
      55 Mount Vernon Ave, Mount Vernon, NY 10550
      View Details
    • $1,550/Mo

      Downtown Mount Vernon Commercial Space

      Commercial space in downtown Mount Vernon with street level exposure.
      71 S 3rd Avenue, Mount Vernon, NY 10550
      View Details
    • $5,500/Mo

      Turnkey Auto Repair Space Available

      2,500 SF auto repair space for lease in Mount Vernon.
      770 S South 5th Avenue, Mount Vernon, NY 10550
      View Details
    • $4,500/Mo

      Mount Vernon Commercial Corner Space

      High-visibility commercial space in a busy Mount Vernon corridor.
      34 Mount Vernon Avenue, Mount Vernon, NY 10550
      View Details

    FAQs

    What type of property is this?
    Residential income property - Spacious one-bedroom apartment with hardwood floors and included utilities.
    Where is this residential income property located?
    The property is located at 41 S 12th Ave 2nd Floor Mount Vernon, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Very Walkable location (Walk Score: 74); Good Transit options (Transit Score: 66); Heat and Hot Water Included
    (914) 774-5664
    We can help!
    Listing Contact
    Esther Andreana-Snetzko
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!