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557 N Macquesten Pkwy Mount Vernon, NY 10552

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For Sale
$1,150,000

Mixed-use property with transit access and income upside.

Property Features for 557 N Macquesten Pkwy

General Information

Standard status
Active

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Listing Contact
Bryan Lanza
Bryan Lanza
Source: Crexi

Listing Agency: Christie’s International Real Estate Listing Agent: Bryan Lanza

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Mixed-Use Investment Near Transportation

Located at 557 North MacQuesten Parkway, Mount Vernon, NY, this mixed-use property offers an investment opportunity in southern Westchester. The building has approximately 3,000 square feet of rentable building area on a 0.12-acre lot. It features four tenants in five units, including two retail and two residential units. The property is strategically positioned 0.3 miles from Fleetwood Metro-North Station and under one mile from Mount Vernon West Station, providing commuter accessibility into Manhattan. The location benefits from a good transit score and traffic counts of approximately 3,278 vehicles per day along North MacQuesten Parkway. The surrounding area is undergoing transformation, with mixed-use and multifamily developments such as Opal 115 at Mount Vernon West, Qwest Towers, The Modern, and the Waltemade senior housing redevelopment. The Enclave at Fleetwood, a gated luxury rental community, is located next door. The population within a one-mile radius exceeds 49,000 residents with a median household income of approximately $81,800. The property has a current gross operating income of approximately $117,600, with a market-aligned income of approximately $133,200. Half of the interior units have been recently renovated, and significant portions of the roof have been replaced in the past few years. On-site washer and dryer benefit residential tenant satisfaction and retention. The property is self-managed with long-standing, low-turnover tenants and consistently high occupancy. The property is near major mixed-use and residential projects, including Opal 115, Qwest Towers, Waltemade Senior Housing, and The Modern.
Location Intelligence

Current Use by Public Records

Deportee Studio Recording Studio Maidpower - Russ Enterprises ... Hardware & Home Improvement Statewide Ambulette Ambulance Service Genuine Construction Incorporated Construction Company

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Mount Vernon
County
Westchester
State
New York
Longitude
-73.8412246
Latitude
40.9239726

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with transit access and income upside.
Where is this mixed-use property located?
The property is located at 557 N Macquesten Pkwy Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: - Prime transit-oriented location: Just a short walk (0.3 miles, 7-9 min) to Fleetwood Metro-North Station for rapid access to Manhattan.; - Significant income upside: Current gross operating income ~$117,600 with potential to increase to ~$133,200 with market-aligned rents.; - High-traffic commercial exposure: Benefits from approximately 3,278 vehicles per day on North MacQuesten Parkway and a good transit score (~96).
More about this property
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