Mixed-Use Property with
For Sale
$650,000
Pending
55 Mount Vernon Avenue, Mount Vernon, NY 10550
MULTI_FAMILY - Mount Vernon, NY
Property Size2,600 SF
Lot Size0.06 Acres
Days on Market33
Property Features for 55 Mount Vernon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
8
Rooms
Bedroom 1, Bedroom 8, Bedroom 7, Bedroom 4, Bedroom 6, Bedroom 5, Bedroom 3, Bedroom 2
Interior features
Ceiling Fan(s), High Ceilings
Elementary school
Hamilton
Middle school
Benjamin Turner Middle School
High school
Mt Vernon High School
Elementary school district
Mount Vernon
Middle school district
Mount Vernon
High school district
Mount Vernon
Directions
Bronx River Rd to Yonkers Avenue to Mount Vernon Avenue
Standard status
Pending
APN
0800-164-076-01071-000-0009
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19365
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1988
Number of units
3
Building materials
Brick
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Safiya Swan · License #10401264654
(914) 512-7764
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 8 at 7:06AM
MLS# 1014216
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 55 Mount Vernon Avenue in Mount Vernon, this 2,600-square-foot mixed-use building combines a commercial storefront with three residential apartments. The residential layout includes two two-bedroom apartments and one four-bedroom apartment, while the commercial component is identified for retail, professional office, or service-business use. Built in 1988, the property features brick construction, high ceilings, ceiling fans, and hot-water heating.
The 0.0606-acre property is near parkways, shopping, restaurants, public transportation, and train service. Public water and sewer serve the building, and natural gas is available. The configuration places commercial and residential space within one building at a Mount Vernon address, with the storefront positioned at street level for customer-facing use.
The 0.0606-acre property is near parkways, shopping, restaurants, public transportation, and train service. Public water and sewer serve the building, and natural gas is available. The configuration places commercial and residential space within one building at a Mount Vernon address, with the storefront positioned at street level for customer-facing use.
Key Highlights
- 2,600‑square‑foot mixed‑use building with commercial and residential components
- Three apartments: two 2‑bedroom units and one 4‑bedroom unit
- Street‑level storefront identified for retail, office, or service‑business use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,976
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Multifamily LT 5
$723.5K
$633.0K – $844.1K
NOI $50,643 @ 7.0% cap · market cap 7.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick mixed-use building combining a commercial storefront with three residential apartments and public water and sewer service.
Where is this mixed-use property located?
The property is located at 55 Mount Vernon Avenue 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 building with commercial and residential components; Three apartments: two 2‑bedroom units and one 4‑bedroom unit; Street‑level storefront identified for retail, office, or service‑business use
