43-47 S 4th Ave
Mount Vernon, NY 10550
Retail Property For Sale

Westchester County Mixed-Use Building - Mt. Vernon Marcus & Millichap is pleased to present for sale 43-47 South 4th Avenue, a fee simple, retail and office mixed-use build¬ing located in Mount Vernon, New York. Mount Vernon is a city in Westchester County that serves as one of the closest suburbs to New York City. The property is consists of a two-story building with a Gross Leasable Area (GLA) of 23,200 square feet sitting on a 0.36-acre lot. The building is comprised of four ground floor spaces: one office (vacant) and three retail units, and two second floor office spaces, one of which is currently vacant. The first of the three retail leases is with Boost Mobile on a ten-year lease that began in May 2011 and expires in April 2021, with 3% annual increases. The second retail lease is with Shoe Store, also on a month-to-month lease. The third retail lease is with MTV Dollar & Deals Inc. on a ten-year lease that began in January 2015 and expires in December 2024, with a 10% increase in year five. The second floor office lease belongs to Majdi I Nofal with a new five-year lease that began in March of 2016 and expires January 2021. Marcus & Millichap is pleased to present for sale 43-47 South 4th Avenue, a fee simple, retail and office mixed-use build¬ing located in Mount Vernon, New York. Mount Vernon is a city in Westchester County that serves as one of the closest suburbs to New York City. The property is consists of a two-story building with a Gross Leasable Area (GLA) of 23,200 square feet sitting on a 0.36-acre lot. The building is comprised of four ground floor spaces: one office (vacant) and three retail units, and two second floor office spaces, one of which is currently vacant. The first of the three retail leases is with Boost Mobile on a ten-year lease that began in May 2011 and expires in April 2021, with 3% annual increases. The second retail lease is with Shoe Store, also on a month-to-month lease. The third retail lease is with MTV Dollar & Deals Inc. on a ten-year lease that began in January 2015 and expires in December 2024, with a 10% increase in year five. The second floor office lease belongs to Majdi I Nofal with a new five-year lease that began in March of 2016 and expires January 2021.