Mixed-Use Property with
For Sale
$650,000
Pending
55 Mount Vernon Ave, Mount Vernon, NY 10550
Street-level commercial space combines with three residential apartments in a walkable, transit-served Mount Vernon setting.
Property Size2,600 SF
Days on Market101
Property Features for 55 Mount Vernon Ave
General Information
Standard status
Pending
Size
2,600 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR, 1 x 4BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$19,365
Building Details
Year Built
1988
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty Group
Listed By:
Safiya Swan · License #10401264654
(914) 512-7764
Source:
Elliman
Added: Jul 9
Changed: Oct 5
Last Checked: Oct 16 at 11:05AM
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 Keller Williams Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 55 Mount Vernon Ave in Mount Vernon, NY, this 2,600-square-foot mixed-use property combines a ground-floor storefront with three residential apartments. The commercial space is configured for retail, professional office, or service-oriented use, while the residential component includes two 2-bedroom apartments and one 4-bedroom apartment. The property was built in 1988.
The site is near major parkways, shopping, dining, public transportation, and train service. WalkScore is 85, TransitScore is 54, and BikeScore is 49. The combination of street-level commercial exposure and multiple residential units creates a varied property configuration within one building.
The site is near major parkways, shopping, dining, public transportation, and train service. WalkScore is 85, TransitScore is 54, and BikeScore is 49. The combination of street-level commercial exposure and multiple residential units creates a varied property configuration within one building.
Key Highlights
- 2,600‑square‑foot mixed‑use property with storefront and residential apartments
- Three residential units: two 2‑bedroom apartments and one 4‑bedroom apartment
- Street‑level commercial space suited to retail, office, or service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,976
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,520
$1.1M
Cap Rate 7%
$785,371
$785.4K
Cap Rate 9%
$610,844
$610.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$90.5K $34.80/SF
− Vacancy
−$11.9K −$4.59/SF
EGI
$78.5K $30.21/SF
− OpEx
−$23.6K −$9.06/SF
NOI
$55.0K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,099,520
Cap Rate 7%
$785,371
Cap Rate 9%
$610,844
Alternative Uses
Best Use
Retail
$785.4K
$687.2K – $916.3K
NOI $54,976 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$637.1K
$557.4K – $743.3K
NOI $44,595 @ 7.0% cap · market cap 6.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,945
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space combines with three residential apartments in a walkable, transit-served Mount Vernon setting.
Where is this mixed-use property located?
The property is located at 55 Mount Vernon Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,600‑square‑foot mixed‑use property with storefront and residential apartments; Three residential units: two 2‑bedroom apartments and one 4‑bedroom apartment; Street‑level commercial space suited to retail, office, or service uses
