Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    100 Brookside Ave Mount Vernon, NY 10553

    • Commercial real estate
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3015695
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 100 Brookside Ave

    Lot size
    0.34 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a fully occupied, 25-unit apartment building located at 100 Brookside Ave, Mount Vernon, NY 10553. The property boasts a 100% occupancy rate as of July 22, 2024, generating a substantial pro-forma NOI of $173,162 and a pro-forma cap rate of 5.97%. Offered at $2,900,000, this represents a price per unit of $116,000. Situated on a 0.34-acre lot, the fee-simple ownership provides complete control and potential for future appreciation. The building's strategic location offers convenient access to public transportation, being just one mile from the Mount Vernon Metro North Station, and is also within close proximity (0.7 miles) to the amenities and vibrancy of the Village of Pelham. This prime location enhances tenant appeal and contributes to the property's strong rental income. Further upside potential exists due to below-market rents in several units, allowing for future rental increases. This stabilized investment offers immediate cash flow and long-term growth prospects, making it an attractive addition to any real estate portfolio. The building's strong performance and desirable location combine to create a compelling investment opportunity with significant potential for return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.8190108
    Latitude
    40.9108535

    Comparable in this City

    • $225,000

      Mount Vernon Multifamily Property

      Multifamily property for sale in Mount Vernon, NY.
      590 E 3Rd St, Mount Vernon, NY 10553
      View Details
    • $799,999
      Pending

      Mount Vernon Multi-Home Investment Opportunity

      Dual-home property with income-producing units and single-family home.
      450-452 Franklin Ave, Mount Vernon, NY 10553
      View Details
    • $1,200,000

      Renovated Triplex with Garage Parking

      Renovated triplex with upside potential near Metro-North train station.
      134 Haven Ave, Mount Vernon, NY 10553
      View Details
    • $869,999
      Pending

      Renovated Duplex in Mount Vernon

      Well-maintained, newly renovated duplex with income potential in Mount Vernon.
      290 E Sidney Ave, Mount Vernon, NY 10553
      View Details
    • $950,000

      High-Income Multi-Family Investment Opportunity

      Three-unit property with strong rental income in a desirable location.
      421 S Columbus Ave, Mount Vernon, NY 10553
      View Details
    • $695,000
      Pending

      Mount Vernon Duplex: Investor Opportunity

      Duplex in Mount Vernon, perfect for investors and contractors.
      413 Hancock Ave, Mount Vernon, NY 10553
      View Details

    Similar Nearby for Sale

    • $225,000

      Mount Vernon Multifamily Property

      Multifamily property for sale in Mount Vernon, NY.
      590 E 3Rd St, Mount Vernon, NY 10553
      View Details
    • $799,999
      Pending

      Mount Vernon Multi-Home Investment Opportunity

      Dual-home property with income-producing units and single-family home.
      450-452 Franklin Ave, Mount Vernon, NY 10553
      View Details
    • $869,999
      Pending

      Renovated Duplex in Mount Vernon

      Well-maintained, newly renovated duplex with income potential in Mount Vernon.
      290 E Sidney Ave, Mount Vernon, NY 10553
      View Details
    • $1,200,000

      Renovated Triplex with Garage Parking

      Renovated triplex with upside potential near Metro-North train station.
      134 Haven Ave, Mount Vernon, NY 10553
      View Details
    • $950,000

      High-Income Multi-Family Investment Opportunity

      Three-unit property with strong rental income in a desirable location.
      421 S Columbus Ave, Mount Vernon, NY 10553
      View Details
    • $695,000
      Pending

      Mount Vernon Duplex: Investor Opportunity

      Duplex in Mount Vernon, perfect for investors and contractors.
      413 Hancock Ave, Mount Vernon, NY 10553
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo

      Renovated Home in Mount Vernon

      Three-bedroom, one-bathroom renovated home in Mount Vernon, New York.
      5 Vernon Ave, Mount Vernon, NY 10553
      View Details
    • $3,200 /Mo

      Mount Vernon Multifamily Rental

      Multifamily property for rent in Mount Vernon, NY.
      75 Farrell Ave, Mount Vernon, NY 10553
      View Details
    • $2,700 /Mo

      Mount Vernon Multifamily Rental

      Multifamily property for rent in Mount Vernon, NY.
      171 Beechwood Ave, Mount Vernon, NY 10553
      View Details
    • $14 SF/Yr
      22,250 SF

      Mount Vernon Warehouse For Lease

      22,250 SF Industrial Space Available
      315 3Rd St, Mount Vernon, NY 10553
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    100 Brookside Ave
    Mount Vernon, NY 10553
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.