Mixed-Use Building in Mount
6 E Sidney Ave, Mount Vernon, NY
For Sale
Contact for pricing
24 apartments and 6 retail units in vibrant location.
Property Size33,436 SF
Lot Size0.18 Acres
Price / SF$201.88
Days on Market828
Property Features for 6 E Sidney Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Kassin Sabbagh Realty (KSR)
(212) 417-9217
Listed By:
Samia Farah · License NY 4OM01167813
(917) 523-1274
Source:
Moodyscre
Added: Aug 9, 2024
Changed: Aug 9
Last Checked: Aug 9 at 9:00PM
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 Kassin Sabbagh Realty (KSR)
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Investment Insights
Based on property information with market context.
Located on the corner of Gramatan Avenue and E Sidney Avenue in Mt. Vernon, this mixed-use building encompasses 27,000 square feet. The property includes 24 apartments and 6 retail units. Eighteen of the apartments have been recently renovated. The retail tenants contribute towards real estate taxes, building insurance, and water expenses. The property is near multiple bus lines and is easily accessible to the Metro-North train station at Mount Vernon East and the Bronx River Parkway. The location benefits from a vibrant retail environment, with grocery stores, restaurants, and banks nearby, and mass transit (2, 5, MTA) within 2 - 6 minutes away.
Key Highlights
- 27,000 sq ft mixed‑use building with 24 apartments and 6 retail units.
- 18 recently renovated apartments.
- Retail tenants contribute to real estate taxes, building insurance, and water expenses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$573,486
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,469,720
$11.5M
Cap Rate 7%
$8,192,657
$8.2M
Cap Rate 9%
$6,372,067
$6.4M
Market Conditions
NOI Build-Up for 33,436 SF
Gross rent
$1.10M $33.00/SF
− Vacancy
−$60.7K −$1.82/SF
EGI
$1.04M $31.19/SF
− OpEx
−$469.2K −$14.03/SF
NOI
$573.5K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,469,720
Cap Rate 7%
$8,192,657
Cap Rate 9%
$6,372,067
Alternative Uses
Best Use
Retail
$10.10M
$8.84M – $11.78M
NOI $706,987 @ 7.0% cap · market cap 10.47%
Second Best
Apartment 5plus
$8.19M
$7.17M – $9.56M
NOI $573,486 @ 7.0% cap · market cap 8.50%
Theoretical Best
Specialty Retail
$22.11M
$19.34M – $25.79M
NOI $1,547,502 @ 7.0% cap · market cap 22.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,859
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Westchester County, NY
Properties on Market for Mixed-use properties in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 24 apartments and 6 retail units in vibrant location.
Where is this mixed-use property located?
The property is located at 6 E Sidney Ave Mount Vernon, NY.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: 27,000 sq ft mixed‑use building with 24 apartments and 6 retail units.; 18 recently renovated apartments.; Retail tenants contribute to real estate taxes, building insurance, and water expenses.
