Mixed-Use Building with
For Sale
$1,600,000
425 S 8th Avenue, Mount Vernon, NY 10550
Six one-bedroom apartments share the property with commercial space occupied by a laundromat.
Property Size5,142 SF
Price / SF$311.16
Days on Market157
Property Features for 425 S 8th Avenue
General Information
Standard status
Active
Size
5,142 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Mount Vernon
Mixed-Use Components
retail, residential
Units
Unit Mix
6 x 1BR
Multifamily Units
6
Individually Metered Utilities
heat, hot water, gas, electricity
Additional Details
Business Included
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$22,530
Amenities
rooftop solar panels
Building Details
Building Size
5,142 SF
Year Built
1952
Buildings
1
Units
7
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: May 21
Changed: Oct 23
Last Checked: Oct 23 at 2:32PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
Built in 1952, this 5,142-square-foot mixed-use property includes six one-bedroom apartments and a commercial laundromat. The apartments are separately metered, and tenants are responsible for heat, hot water, gas, and electricity.
The laundromat operates with four fuel cell machines that generate excess electricity. Rooftop solar panels also produce electricity for the property.
The laundromat operates with four fuel cell machines that generate excess electricity. Rooftop solar panels also produce electricity for the property.
Key Highlights
- 5,142‑square‑foot mixed‑use property built in 1952
- Six one‑bedroom residential units
- Commercial space occupied by a laundromat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,725
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,500
$2.2M
Cap Rate 7%
$1,553,214
$1.6M
Cap Rate 9%
$1,208,056
$1.2M
Market Conditions
NOI Build-Up for 5,142 SF
Gross rent
$178.9K $34.80/SF
− Vacancy
−$23.6K −$4.59/SF
EGI
$155.3K $30.21/SF
− OpEx
−$46.6K −$9.06/SF
NOI
$108.7K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,500
Cap Rate 7%
$1,553,214
Cap Rate 9%
$1,208,056
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,725 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,194 @ 7.0% cap · market cap 5.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,405
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six one-bedroom apartments share the property with commercial space occupied by a laundromat.
Where is this mixed-use property located?
The property is located at 425 S 8th Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,142‑square‑foot mixed‑use property built in 1952; Six one‑bedroom residential units; Commercial space occupied by a laundromat
