570-584 Gramatan Ave
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570-584 Gramatan Ave
38,813 SF 100% Leased Retail Building Mount Vernon, NY 10552 For Sale
Executive Summary
Newmark, as exclusive advisor, is pleased to present opportunity to purchase 570-584 Gramatan Avenue & 1-7 West Broad Street in Fleetwood, New York.
The Property is comprised of two contiguous commercial buildings located on the high traffic / high visibility corner of Gramatan Avenue and West Broad Street in downtown Fleetwood. With 38,813 total square feet, the Property comprises 18,961 NSF of retail on the first floor and 4,446 NSF of office on the second floor. The corner retail space on Gramatan Avenue is occupied by credit tenant, Bank of America , paying $63 PSF. Additionally, the back portion of the building features a narrow parking lot.
Fleetwood, the northernmost section of the City of Mount Vernon, encompasses a robust retail market and residential neighborhood with access to all downtown amenities. The Fleetwood Train Station, which provides peak service to Grand Central Terminal in 30 minutes, is within a 5-minute walk.
The Property is comprised of two contiguous commercial buildings located on the high traffic / high visibility corner of Gramatan Avenue and West Broad Street in downtown Fleetwood. With 38,813 total square feet, the Property comprises 18,961 NSF of retail on the first floor and 4,446 NSF of office on the second floor. The corner retail space on Gramatan Avenue is occupied by credit tenant, Bank of America , paying $63 PSF. Additionally, the back portion of the building features a narrow parking lot.
Fleetwood, the northernmost section of the City of Mount Vernon, encompasses a robust retail market and residential neighborhood with access to all downtown amenities. The Fleetwood Train Station, which provides peak service to Grand Central Terminal in 30 minutes, is within a 5-minute walk.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
38,813 SF
Building Class
C
Year Built
1998
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.34
Lot Size
0.38 AC
Zoning
DB
Frontage
68 FT on Broad St
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0800-165-022-01022-000-0002 | Improvements Assessment | $71,000 |
| Land Assessment | $34,000 | Total Assessment | $105,000 |
PROPERTY TAXES
Parcel Number
0800-165-022-01022-000-0002
Land Assessment
$34,000
Improvements Assessment
$71,000
Total Assessment
$105,000
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570-584 Gramatan Ave
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