3-Unit Triplex with Detached
525 S 11th Avenue Unit 3, Mount Vernon, NY 10550
For Sale
$1,288,000
Each residence has three bedrooms, a separate entrance, and individual gas and electric meters.
Property Size3,800 SF
Price / SF$338.95
Days on Market22
Property Features for 525 S 11th Avenue Unit 3
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
stainless steel appliances
private yard
detached garage
finished lower level
Building Details
Building Size
Year Built
Buildings
Listing Agency:
US Home Services Realty Corp
Listed By:
Luis G. Guanoquiza Leon
(347) 239-0662
Source:
Shawmetro
Added: Oct 19
Changed: Nov 9
Last Checked: Nov 8 at 2:29PM
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 US Home Services Realty Corp
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Investment Insights
Based on property information with market context.
At 525 S 11th Avenue in Mount Vernon, this 3,800-square-foot triplex contains three residences, each with three bedrooms and one full bathroom. Interior features include high ceilings, large living rooms, and kitchens with stainless-steel appliances, contemporary cabinetry, and islands. The property also has a finished lower level with three additional rooms and a full bathroom.
The three units have separate entrances and individual gas and electric meters. The property includes a private yard and a detached garage, and is scheduled to be delivered vacant at closing. Built in 1900, it is configured as a three-family residence.
The three units have separate entrances and individual gas and electric meters. The property includes a private yard and a detached garage, and is scheduled to be delivered vacant at closing. Built in 1900, it is configured as a three-family residence.
Key Highlights
- 3,800‑square‑foot triplex with three residences
- Each residence has 3 bedrooms and 1 full bathroom
- Finished lower level with 3 additional rooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,016
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,320
$1.5M
Cap Rate 7%
$1,057,371
$1.1M
Cap Rate 9%
$822,400
$822.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$113.1K $29.76/SF
− Vacancy
−$7.4K −$1.93/SF
EGI
$105.7K $27.83/SF
− OpEx
−$31.7K −$8.35/SF
NOI
$74.0K $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%
$1,480,320
Cap Rate 7%
$1,057,371
Cap Rate 9%
$822,400
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$925.2K – $1.23M
NOI $74,016 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$931.1K
$814.7K – $1.09M
NOI $65,177 @ 7.0% cap · market cap 5.06%
Theoretical Best
Specialty Retail
$2.51M
$2.20M – $2.93M
NOI $175,874 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,215
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Triplexes in Mount Vernon
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has three bedrooms, a separate entrance, and individual gas and electric meters.
Where is this triplex located?
The property is located at 525 S 11th Avenue Unit 3 Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: 3,800‑square‑foot triplex with three residences; Each residence has 3 bedrooms and 1 full bathroom; Finished lower level with 3 additional rooms and a full bathroom
