Douglas Elliman Commercial, as the Exclusive Agent, is pleased to offer for sale, 660 Locust Street, which is located in the Fleetwood Neighborhood of Mount Vernon NY.
The Multi Family investment asset is currently configured with 42 units, fully leased with a current vacancy rate of 7.1% (3 units). The property is a six-story elevator building, consisting of 31,250 sqft, with units ranging from Studios and Mid to Large 1-bedrooms. All units are currently designated as Rent Stabilized apartments.
Built in 1929, the property offers historic charm and appeal. Each unit is adorned with pre-war detail. The current ownership and management has kept the building clean and well-maintained. The property amenities include a laundry room, and a community room which can be activated for parties, functions. Or potentially repurposed for additional income.
The location offers easy access to public transportation, with the Fleetwood Metro North Station located 1 block away, which offers a 28-minute commute to Grand Central (NYC). Also located directly off the cross-county expressway with quick access to I-87 and I-95.