Vacant Church Property with Conversion
For Sale
$514,999
452 S 7th Avenue, Mount Vernon, NY 10550
The property carries RMF-6.75 zoning for a three-family residence.
Property Size2,000 SF
Lot Size0.06 Acres
Price / SF$257.50
Days on Market85
Property Features for 452 S 7th Avenue
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.06 Acres
Property subtype
Business
Zoning
RMF-6.75
Building Details
Building Size
2,000 SF
Year Built
1950
Listing Agency:
Expert Homes NY
(212) 257-2119
Listed By:
Benjamin Yousefzadeh
Source:
Shawmetro
Added: May 13
Changed: Aug 1
Last Checked: Aug 4 at 8:09AM
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 Expert Homes NY
Investment Insights
Based on property information with market context.
This vacant church property includes approximately 2,000 square feet on a 2,614-square-foot lot. Constructed in 1950, the building is offered strictly as-is and requires significant repairs. Existing open permits are included with the property.
Located at 452 S 7th Avenue on the south side of Mount Vernon, the site is zoned RMF-6.75 for a three-family residence. The existing structure may be converted into a one- or two-family residence, or restored for another use, subject to applicable approvals and project requirements.
Located at 452 S 7th Avenue on the south side of Mount Vernon, the site is zoned RMF-6.75 for a three-family residence. The existing structure may be converted into a one- or two-family residence, or restored for another use, subject to applicable approvals and project requirements.
Key Highlights
- Approximately 2,000 SF vacant church building constructed in 1950
- 2,614 SF lot at 452 S 7th Avenue, Mount Vernon, NY 10550
- RMF‑6.75 zoning for a three‑family residence
Financial Insights For Apartment 5plus
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 | $66.0k | $33.00 |
| − Vacancy | −$3.6k | −$1.82 |
| EGI | $62.4k | $31.19 |
| − OpEx | −$28.1k | −$14.03 |
| NOI | $34.3k | $17.15 |
2,000 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$490.1K
$428.8K – $571.7K
NOI $34,304 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - The property carries RMF-6.75 zoning for a three-family residence.
Where is this church & religious facility located?
The property is located at 452 S 7th Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $514,999.
What are key features of this property?
This property features: Approximately 2,000 SF vacant church building constructed in 1950; 2,614 SF lot at 452 S 7th Avenue, Mount Vernon, NY 10550; RMF‑6.75 zoning for a three‑family residence
