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Property profile & analytics
FOR SALE
Apartment buildings

540-542 North High St Mount Vernon, NY 10552

8,000 SF Built 1947
Property ID
US63-Q022292
Property summary
AI-generated overview

The New York Multifamily Group at Marcus & Millichap is pleased to present 540-542 North High Street, an 8,000-square-foot multifamily property located on the northern border of the Bronx. Positioned directly adjacent to the Fleetwood neighborhood of Mount Vernon, the asset sits within a dense residential corridor offering direct access to major regional retail hubs and exceptional transit connectivity. The Property features seven residential units, delivering a balanced income stream supported by full occupancy and consistent demand from the area's deep renter pool. This boutique asset presents a rare acquisition opportunity with a 100% Fair Market unit designation, featuring zero rent-stabilized units and a highly desirable mix of one- and two-bedroom layouts, offering maximum operational flexibility for investors. Located just 0.9 miles from the Fleetwood Metro-North Station, the Property benefits from exceptional connectivity, providing a direct 30-minute commute into Grand Central Terminal in Manhattan. The neighborhood's continued growth, underscored by multi-million-dollar infrastructure investments, underpins long-term rent appreciation and sustained investor demand.

Property profile
Verified
Property type Apartment buildings
Year built 1947
Total area 8,000 SF
UPID US63-Q022292
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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