Transit-Oriented Mixed-Use Property | 20 S West St
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Transit-Oriented Mixed-Use Property 20 S West St
21,746 SF Office Building Mount Vernon, NY 10550 $3,950,000 ($182/SF)
Investment Highlights
- Direct platform access to Mount Vernon West Metro North Train Station
- Oppportunity to develop a portion of the site and retain income from 7-11
- Zoning also permits development of medical office, office, retail, commercial and civic uses
- The zoning permits up to a 15-story building with residential over retail as of right which can be increased to 20 stories with a density bonus
- Under 30 minute rush hour ride to Grand Central Station
- Easy acces to highways and a high car count
Executive Summary
Mixed-used transit-oriented building, office over retail, with direct platform access to the Mount Vernon West Metro North train station along the Harlem Line. Rush hour ride to Grand Central Station is under 30 minutes. Located in the Mount Vernon West "TOD HUB" district which is designed to accommodate the highest intensity and diversity of development in Mount Vernon. The site is currently improved with a mixed-use building with a gross area of 21,748 +/- square feet and a net rentable area of 11,274 square feet. The major tenant is 7-11. The zoning also permits development of up to a 15-story residential tower which can be increased to 20 stories with a density bonus as well as commercial, medical and retail uses. The entire site or a portion of the site that doesn't include the 7-11 can also be developed.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
21,746 SF
Building Class
C
Year Built/Renovated
1912/1971
Price
$3,950,000
Price Per SF
$182
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,873 SF
Slab To Slab
10’
Building FAR
1.00
Land Acres
0.50 AC
Zoning
Commercial/MVW-Hub - MVW-H allows up to 15 stories of residential as of right as well as commercial and medical uses.
Parking
17 Spaces (0.78 Spaces per 1,000 SF Leased)
Amenities
- Commuter Rail
Walk Score ®
Very Walkable (79)
Transit Score ®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 0800-164-067-01057-000-0016 | Improvements Assessment | $15,000 |
| Land Assessment | $20,000 | Total Assessment | $35,000 |
PROPERTY TAXES
Parcel Number
0800-164-067-01057-000-0016
Land Assessment
$20,000
Improvements Assessment
$15,000
Total Assessment
$35,000
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Investment Design Properties, Ltd.
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Transit-Oriented Mixed-Use Property | 20 S West St
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