Colonial Multifamily
48 7th Avenue, Mount Vernon, NY 10550
For Sale
$850,000
A separate lower-level entrance complements the home’s multi-family layout.
Property Size2,933 SF
Price / SF$289.81
Days on Market12
Property Features for 48 7th Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
covered patio
expansive paved area
long driveway
off-street parking
stainless-steel appliances
Building Details
Year Built
Buildings
Construction
Listing Agency:
eRealty Advisors, Inc
Listed By:
Arya Rabinovits · License NY #10401322880
(914) 670-8410
Source:
Erealtyadvisors
Added: Oct 29
Changed: Nov 7
Last Checked: Nov 8 at 3:10AM
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 eRealty Advisors, Inc
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Investment Insights
Based on property information with market context.
This Colonial multifamily residence contains approximately 2,933 square feet, with seven bedrooms and three bathrooms. The kitchen has wood cabinetry, stainless-steel appliances, and ample counter space. A covered front porch and a covered patio provide sheltered outdoor areas, while the rear paved space and long driveway accommodate off-street parking for multiple vehicles.
Key Highlights
- Approximately 2,933 square feet with 7 bedrooms and 3 bathrooms
- Built in 1908
- Kitchen includes wood cabinetry and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,306
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,120
$1.0M
Cap Rate 7%
$718,657
$718.7K
Cap Rate 9%
$558,956
$559.0K
Market Conditions
NOI Build-Up for 2,933 SF
Gross rent
$96.8K $33.00/SF
− Vacancy
−$5.3K −$1.82/SF
EGI
$91.5K $31.19/SF
− OpEx
−$41.2K −$14.03/SF
NOI
$50.3K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,006,120
Cap Rate 7%
$718,657
Cap Rate 9%
$558,956
Alternative Uses
Best Use
Apartment 5plus
$718.7K
$628.8K – $838.4K
NOI $50,306 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,747 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,345
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Multifamily properties in Mount Vernon
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A separate lower-level entrance complements the home’s multi-family layout.
Where is this multifamily property located?
The property is located at 48 7th Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 2,933 square feet with 7 bedrooms and 3 bathrooms; Built in 1908; Kitchen includes wood cabinetry and stainless‑steel appliances
