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    70 3Rd Ave Mount Vernon, NY 10550

    Sponsored
    For Sale
    $2,650,000

    14 Residential & 7 Commercial Units, High NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 70 S 3rd Ave, Mount Vernon, NY 10550, presents a compelling investment opportunity. The meticulously maintained building comprises 14 residential units and 7 commercial units, offering a diversified income stream. Currently, the property boasts 100% occupancy, generating a substantial gross yearly income of $302,000. A strong net operating income (NOI) of $167,000 further underscores the profitability of this asset. The building is rent-stabilized, providing a degree of predictable income and operational stability. Situated in Westchester County, this prime location offers easy access to major transportation routes and amenities. The asking price for this remarkable mixed-use investment is $2,650,000. Detailed financial information and further specifics are available upon request. This is a rare opportunity to acquire a well-maintained, high-performing property in a desirable location. Don't miss out on this chance to add a valuable asset to your portfolio. Contact us today to learn more.

    Property Features for 70 3Rd Ave

    General Information

    Property type
    Mixed-use properties

    HighLights

    • Prime mixed‑use investment opportunity in Mount Vernon, NY.
    • 14 residential and 7 commercial units, 100% occupied.
    • Generating a $302,000 gross annual income and $167,000 net operating income (NOI).
    • Rent‑stabilized building offering predictable income.
    • Asking price: Inquire within.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.835516
    Latitude
    40.909382

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    FAQs

    What type of property is this?
    Mixed-use property - 14 Residential & 7 Commercial Units, High NOI
    Where is this mixed-use property located?
    The property is located at 70 3Rd Ave Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: Prime mixed-use investment opportunity in Mount Vernon, NY.; 14 residential and 7 commercial units, 100% occupied.; Generating a $302,000 gross annual income and $167,000 net operating income (NOI).
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    70 3Rd Ave Mount Vernon, NY 10550
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