540-542 North High Street, Mount Vernon, NY 10552
An 8,000-square-foot multifamily property with seven units and flexible one- and two-bedroom layouts.
- Added:
- May 30, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 6 at 4:56 am
Property Features for 540-542 North High Street
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing agent Seth Glasser License #NY 10301209629
Listing office Marcus & Millichap - Manhattan
Listing date May 30, 2026
Source Crexi
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 Marcus & Millichap - Manhattan
HighLights
- 8,000‑square‑foot multifamily property with 7 residential units
- Year built: 1947
- Unit mix includes one- and two‑bedroom layouts
- Full occupancy reported
- 100% Fair Market unit designation; zero rent‑stabilized units
- 0.9 miles from Fleetwood Metro‑North Station for a reported 30‑minute commute to Grand Central Terminal
Overview
Located on the northern border of the Bronx, the building sits directly adjacent to the Fleetwood neighborhood of Mount Vernon, within a dense residential corridor. Access to major regional retail hubs is described in the remarks, and the property is stated to be approximately 0.9 miles from the Fleetwood Metro-North Station, supporting commute connectivity. The surrounding area is characterized in the remarks as benefiting from transit and ongoing residential momentum tied to multi-million-dollar infrastructure investments.
For investors and operators seeking a small-balance multifamily configuration, the Fair Market unit designation and one- and two-bedroom mix may align with tenants looking for both flexibility and established neighborhood access. The provided remarks also note full occupancy and consistent demand from the area’s renter pool, which may be relevant to buyers assessing current operating conditions.
Local 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 | $264.0k | $33.00 |
| − Vacancy | −$14.5k | −$1.82 |
| EGI | $249.5k | $31.19 |
| − OpEx | −$112.3k | −$14.03 |
| NOI | $137.2k | $17.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Westchester
- State
- New York
- Longitude
- -73.8399504
- Latitude
- 40.9220373
