6 Sidney Ave Mount Vernon, NY 10550

This exceptional mixed-use property at 6 East Sidney Avenue in Mount Vernon, New York, presents a compelling investment opportunity. The 27,000 square foot building boasts a prime corner location in Westchester County, offering 24 apartments and 6 retail units across four stories. Eighteen apartments have undergone recent renovations, enhancing their appeal and market value. The building enjoys 100% occupancy, generating a substantial Net Operating Income (NOI) of $522,074.60, resulting in an attractive 8.35% cap rate. The asking price is $6,250,000. Recent upgrades include a brand new boiler and hot water heater, with a conversion from oil to gas heating, improving efficiency and reducing operating costs. The retail tenants operate under a Net Net Plus (NN+) lease, ensuring financial stability by covering real estate taxes, insurance, and water expenses. Situated on a 0.17-acre lot zoned NB, the property benefits from excellent accessibility, with proximity to bus lines, the Metro-North Railroad at Mount Vernon East, and the Bronx River Parkway. Furthermore, the surrounding area offers a wealth of amenities, including grocery stores, restaurants, banks, and various transit options (including the 2 and 5 trains and MTA services) all within a short distance. This property offers a rare combination of strong cash flow, modern amenities, and a strategic location, making it an ideal investment for discerning buyers.