Multi-Building Flex
New
For Sale
$3,600,000
521 Homestead Avenue, Mount Vernon, NY 10550
The property combines office, machine shop, packaging, shipping, and storage areas in a flexible industrial layout.
Property Size22,436 SF
Price / SF$160.46
Days on Market4
Property Features for 521 Homestead Avenue
General Information
Standard status
Active
Size
22,436 SF
Property subtype
Commercial
Zoning
CB
Additional Details
Clear Height
18 ft
Building Details
Buildings
3
Stories
2
Listing Agency:
Houlihan Lawrence Commercial
(718) 755-6515
Listed By:
Rich Aponte (raponte@houlihanlawrence.com)
(516) 822-1222
Source:
Johnedwardsrealestate
Added: Oct 16
Last Checked: Oct 16 at 8:17AM
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 Houlihan Lawrence Commercial
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Investment Insights
Based on property information with market context.
Three buildings on a contiguous lot provide 22,436 SF of industrial space at 521 Homestead Avenue in Mount Vernon. The existing configuration includes offices, machine shops, packaging and shipping areas, and storage, with ceiling heights ranging from approximately 12 to 18 feet. CB – Commercial Business zoning applies to the property.
The facility is leased and may be delivered vacant. Its established mix of production, shipping, office, and storage areas supports a range of industrial and commercial operations.
The facility is leased and may be delivered vacant. Its established mix of production, shipping, office, and storage areas supports a range of industrial and commercial operations.
Key Highlights
- 22,436 SF across three buildings
- Contiguous lot
- Ceiling heights range from approximately 12 to 18 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,539
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,370,780
$6.4M
Cap Rate 7%
$4,550,557
$4.6M
Cap Rate 9%
$3,539,322
$3.5M
Market Conditions
NOI Build-Up for 22,436 SF
Gross rent
$484.6K $21.60/SF
− Vacancy
−$29.6K −$1.32/SF
EGI
$455.1K $20.28/SF
− OpEx
−$136.5K −$6.08/SF
NOI
$318.5K $14.20/SF
Area
Westchester County, NY
Vacancy
6.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,370,780
Cap Rate 7%
$4,550,557
Cap Rate 9%
$3,539,322
Alternative Uses
Best Use
Warehouse
$4.91M
$4.30M – $5.73M
NOI $343,820 @ 7.0% cap · market cap 9.55%
Second Best
Flex RnD
$4.84M
$4.24M – $5.65M
NOI $338,802 @ 7.0% cap · market cap 9.41%
Theoretical Best
Retail
$6.78M
$5.93M – $7.91M
NOI $474,398 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Northeast region
Similar Off Market Nearby
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- Bills good humor — 277 E 3rd St, Mt Vernon, NY 10553
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office, machine shop, packaging, shipping, and storage areas in a flexible industrial layout.
Where is this flex space located?
The property is located at 521 Homestead Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 22,436 SF across three buildings; Contiguous lot; Ceiling heights range from approximately 12 to 18 feet
