Four Family Brick
For Sale
$850,000
Pending
511 S 11th Ave, Mount Vernon, NY 10550
Four-family brick building, a great investment opportunity needing some work.
Property Size3,500 SF
Lot Size0.12 Acres
Days on Market325
Property Features for 511 S 11th Ave
General Information
Standard status
Pending
Size
3,500 SF
Lot size
0.12 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$23,759
Building Details
Building Size
3,500 SF
Year Built
1940
Units
4
Listing Agency:
Compass
Listed By:
Geno M. George · License #10301212641
(917) 374-2591
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 16
Last Checked: Oct 16 at 9:52AM
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 Compass
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a four-family brick building, presenting an investment opportunity. The property requires some work.
Key Highlights
- 4‑Family Brick Building - great investment opportunity!
- Investment Property with excellent potential.
- Built in 1940, this building has character.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,173
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,460
$1.4M
Cap Rate 7%
$973,900
$973.9K
Cap Rate 9%
$757,478
$757.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$104.2K $29.76/SF
− Vacancy
−$6.8K −$1.93/SF
EGI
$97.4K $27.83/SF
− OpEx
−$29.2K −$8.35/SF
NOI
$68.2K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,460
Cap Rate 7%
$973,900
Cap Rate 9%
$757,478
Alternative Uses
Best Use
Multifamily LT 5
$973.9K
$852.2K – $1.14M
NOI $68,173 @ 7.0% cap · market cap 8.02%
Second Best
Apartment 5plus
$857.6K
$750.4K – $1.00M
NOI $60,031 @ 7.0% cap · market cap 7.06%
Theoretical Best
Retail
$1.06M
$925.1K – $1.23M
NOI $74,006 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,385
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-family brick building, a great investment opportunity needing some work.
Where is this quadplex located?
The property is located at 511 S 11th Ave 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: 4‑Family Brick Building - great investment opportunity!; Investment Property with excellent potential.; Built in 1940, this building has character.
