251-253 S Fifth Ave - Apartments FOR SALE


Mount Vernon, NY 10550- South Side
$1,100,000 USD
845-323-9177
251-253 S Fifth Ave, Mount Vernon, NY for Sale
$1,100,000 USD
Apartments - FOR SALE
1/27
null | Request Cap Rate

251-253 S Fifth Ave
Mount Vernon, NY 10550
South Side


OVERVIEW

This well-maintained six-unit, rent-stabilized apartment building presents a strong investment opportunity in a prime Mount Vernon location. The property consists of four three-bedroom units and two one-bedroom units, providing a diverse unit mix that appeals to both families and individuals. Two of the units are occupied by an onsite service person, ensuring hands-on maintenance and added oversight for the building. Significant capital improvements have been completed in the past year, including a new fence, sidewalk repairs, and siding repairs. The major building systems are in excellent shape, with a new boiler installed in 2022 and a roof replacement completed between 2021 and 2022, minimizing maintenance costs for years to come. Ideally situated near key transportation hubs, the property offers easy access to Metro-North trains, multiple bus lines, and major thoroughfares such as the Cross County Parkway and the Bronx River Parkway, making commuting to New York City and surrounding areas convenient for tenants. Its strong location, stable tenancy, and recent upgrades make this an outstanding investment opportunity. Contact us for financial details and to schedule a private showing.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,454 SF

ZONING

-

APN/PARCEL ID

0800-169-022-03089-000-0029

ASK ABOUT THIS PROPERTY

Jason HorowitzTriforce Commercial Real Estate LLCMore Info
845-323-9177

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Jason HorowitzTriforce Commercial Real Estate LLCMore Info
845-323-9177

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