Property profile

570 Gramatan Ave Mount Vernon, NY 10552

OFF-MARKET
Retail properties & Spaces
38,813 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents two contiguous commercial buildings totaling 38,813 square feet in the thriving Fleetwood section of Mount Vernon, New York. Located on a high-traffic corner at Gramatan Avenue and West Broad Street, the property boasts 18,961 square feet of ground-floor retail space, including a Bank of America branch paying $63 per square foot. An additional 4,446 square feet of office space is situated on the second floor. The property also includes a small parking lot. This prime location benefits from high visibility and proximity to the Fleetwood Train Station, offering a 30-minute commute to Grand Central Terminal. The surrounding area features a robust retail market and residential neighborhood, ensuring strong tenant demand and investment potential. The property's strategic location and strong anchor tenant make it an attractive investment opportunity for discerning buyers seeking a well-positioned retail portfolio in a dynamic market. The address is 570-584 Gramatan Avenue & 1-7 West Broad Street, Mount Vernon, NY 10552.

Property profile

Verified
Property type Retail properties & Spaces
Total area 38,813 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

570 Gramatan Ave Mount Vernon, NY 10552
Mount Vernon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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