Retail Investment
149 South 4th Avenue Mount Vernon, NY 10550
149 South 4th Avenue, Mount Vernon, NY, 10550
Contact for pricing
For Sale
Contact for pricing
Seven stores with parking spaces available for sale.
Property Size6,500 SF
Price / SF$353.85
Days on Market640
Property Features for 149 South 4th Avenue
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Property subtype
- Land
Listed by
Hugo Salazar · License #New York
Source
Crexi
Added: Oct 18, 2024 Checked: Jul 19 at 5:38 am
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 Hugo Salazar
Investment Insights
Based on property information with market context.
This offering comprises a package of seven stores, accompanied by nine parking spaces. The property represents a potential investment opportunity. The total property size is 6,500 square feet.
Key Highlights
- 7 Stores package sale
- Great investment
- 9 parking spaces
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.2k | $34.80 |
| − Vacancy | −$29.9k | −$4.59 |
| EGI | $196.3k | $30.21 |
| − OpEx | −$58.9k | −$9.06 |
| NOI | $137.4k | $21.14 |
6,500 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.96M
$1.72M – $2.29M
NOI $137,439 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The MailBox Parcel & Shipping ...
Shipping Company
Similar For Sale Nearby
Similar Off Market Nearby
- Pure From Nature
- Bogopa Plaza — 1 Pathmark Plaza, Mt Vernon, NY 10550
- CVR Creation LLC — 48 S 12th Ave, Mt Vernon, NY 10550
FAQs
What type of property is this?
Shopping center - Seven stores with parking spaces available for sale.
Where is this shopping center located?
The property is located at 149 South 4th Avenue Mount Vernon, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 7 Stores package sale; Great investment; 9 parking spaces
