540-542 North High St Mount Vernon, NY 10552
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.