251-253 S 5th Avenue, Mt.Vernon, New York 10550
251-253 S 5th Avenue Mt. Vernon
Map Content
Location Description
Blocks away from the City line
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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
| Description | No. Units | Avg. Mo. Rent |
| 1 Bedroom 1 Bathroom | 2 | |
| 3 Bedroom 1 Bathroom | 4 | |
Financial Summary
| Scheduled Gross Income | $122040 |
| Effective Gross Income | $0 |
| Operating Expenses | $48871 |
| Net Operating Income | $73169 |
Debt & Equity Information
Major Tenants
| Tenant | SF Occupied | Lease Expired |
