100 Brookside Ave, Mount Vernon, NY 10553
25 Unit Apartment Building | $2,900,000 ($116,000/Unit) | 5.97% Cap Rate | Mount Vernon, NY 10553
For Sale
Active
Asking Price $2,900,000
- Property Type
-
Multifamily
- Square Feet
- 18,236 SF
Listing Contacts
Anthony Mitchell
- Property Info
Property 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.
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.
Property Details
- Class
- C
- Year Built
- 1926
- Stories
- 4
- Lot Size (sq. ft)
- 14,810 SF
- Units
- 25
Highlights
- Fully Occupied 25-Family Building
- Located short distance from public transportation
- The property has rental upside
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