100 Brookside Ave - Apartments FOR SALE


Mount Vernon, NY 10553
$2,900,000 USD
917-817-1515
100 Brookside Ave, Mount Vernon, NY for Sale
$2,900,000 USD
Apartments - FOR SALE
1/9
null | 5.97% Cap Rate

100 Brookside Ave
Mount Vernon, NY 10553


HIGHLIGHTS

  • Fully Occupied 25-Family Building
  • Located short distance from public transportation
  • The property has rental upside

OVERVIEW

Presenting a prime investment opportunity at 100 Brookside Ave, Mt Vernon, NY 10553. This fully occupied, rent-stabilized 25-family building is a rare find, offering a stable and robust cash flow from day one. Located just 1.0 mile from the Mt Vernon Metro North Station, this property ensures easy commute options, enhancing its appeal to tenants and investors alike. Additionally, it is only 0.7 miles from the vibrant Village of Pelham, providing residents with a plethora of shopping, dining, and recreational activities. This multi-family residential building stands out with its strategic location and high occupancy rate, making it a lucrative asset for any real estate portfolio. The property has upside as many of the rents are below legal market rent, providing the ability to increase rental income. The proximity to major transportation hubs and community amenities not only guarantees a steady rental income but also positions the property for potential value appreciation over time. Investors will appreciate the secure and immediate return on investment, given the building's fully rented status. The combination of location, consistent income, and growth potential makes this property an exceptional addition to any investment strategy. This is a rare opportunity to acquire a solid, income-generating property in a desirable location.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

25

PRICE/UNIT

$116,000

CAP RATE

5.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

0800-165-073-04010-000-0009

ASK ABOUT THIS PROPERTY

Anthony MitchellMetro Funding ServicesMore Info
917-817-1515

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Anthony MitchellMetro Funding ServicesMore Info
917-817-1515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.