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    6 Sidney Ave Mount Vernon, NY 10550

    For Sale
    $6,250,000

    Prime location, high NOI, strong cash flow.

    Property size:
    27,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 6 Sidney Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    27,000 SF
    Lot Size
    7,405 SF

    Building Details

    Stories
    4
    Units
    30

    HighLights

    • Exceptional mixed‑use investment opportunity in Mount Vernon, NY.
    • 27,000 square foot building with 24 apartments and 6 retail units.
    • 18 renovated apartments and 100% occupancy.
    • $522,074.60 NOI, 8.35% cap rate, $6,250,000 asking price.
    • New boiler and hot water heater; converted from oil to gas.
    • Retail tenants on NN+ leases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    6 E Sydney ... Parking Lot

    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
    -73.8369829
    Latitude
    40.9142591

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high NOI, strong cash flow.
    Where is this individual retail property located?
    The property is located at 6 Sidney Ave Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $6,250,000.
    What are key features of this property?
    This property features: Exceptional mixed-use investment opportunity in Mount Vernon, NY.; 27,000 square foot building with 24 apartments and 6 retail units.; 18 renovated apartments and 100% occupancy.
    Request Owner's contact information
    6 Sidney Ave Mount Vernon, NY 10550
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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
    6 Sidney Ave Mount Vernon, NY 10550
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