251-253 S 5th Avenue, Mt.Vernon, New York 10550
251-253 S 5th Avenue Mt. Vernon
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Property Description

This Property is a Three-story walk-up Frame Building with 6 Units consisting of Four (3) Bedroom and Two (1) Bedroom Residential Apartments, Front Porches plus full basement (1,978SF+/-) with Laundry and Storage Areas. Gross total floor area of 7,363 Square foot( 5,385 Square foot Usable) and Lot size of 5,227 square foot. Property is close to public transportation Metro North, Bee Line, MTA Dyre Ave # 5 and 241st Street # 2 trains

Property Details

Price:1399999
No. Units:6
Building Size:5227 SF
Price/Unit:$108,333.33
Property Type:Multi-Family
Property Sub-type:Garden/Low-Rise
Property Use Type:Investment
Cap Rate:5.23%
Gross Rent Multiplier:11.47
Occupancy:100%
No. Stories:3
Year Built:1907
Lot Size:5227 SF

Units

Unit Mix

DescriptionNo. UnitsAvg. Mo. Rent
1 Bedroom 1 Bathroom2
3 Bedroom 1 Bathroom4

Financial Summary

Scheduled Gross Income$122040
Effective Gross Income$0
Operating Expenses$48871
Net Operating Income$73169

Debt & Equity Information

Major Tenants

TenantSF OccupiedLease Expired