557 N Macquesten Pkwy Mount Vernon, NY 10552

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.