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100 Brookside Ave

25 Unit Apartment Building $2,900,000 ($116,000/Unit) 5.97% Cap Rate Mount Vernon, NY 10553

Investment Highlights

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

Executive Summary

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.

Property Facts

Price $2,900,000
Price Per Unit $116,000
Sale Type Investment
Cap Rate 5.97%
No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.34 AC
Building Size 18,236 SF
Average Occupancy 100%
No. Stories 4
Year Built 1926

Site Amenities

  • 24 Hour Access
Walk Score ®
Very Walkable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0800-165-073-04010-000-0009
Land Assessment
$15,000
Improvements Assessment
$47,000
Total Assessment
$62,000
  • Listing ID: 32406164

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: 100 Brookside Ave, Mount Vernon, NY 10553

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