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22129014

251 S 5th Ave, Mount Vernon, NY 10550

JH
NY NY - 10491207540, NJ NJ - 1433362 (+2)
Triforce Commercial Real Estate LLC
Listed by Triforce Commercial Real Estate LLC
$1,100,000
460 days on market
Updated 64 days ago
Opportunity zone

251-253 S Fifth Ave, Mount Vernon

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,890
Units 6
Price per SqFt $187
Year Built 1907
Buildings 1
Stories 2
Investment Type Stabilized

Multifamily | 6 Units | $183,333/unit

Marketing description

This well-maintained six-unit, rent-stabilized apartment building presents a strong investment opportunity in a prime Mount Vernon location. The property consists of four three-bedroom units and two one-bedroom units, providing a diverse unit mix that appeals to both families and individuals. Two of the units are occupied by an onsite service person, ensuring hands-on maintenance and added oversight for the building. Significant capital improvements have been completed in the past year, including a new fence, sidewalk repairs, and siding repairs. The major building systems are in excellent shape, with a new boiler installed in 2022 and a roof replacement completed between 2021 and 2022, minimizing maintenance costs for years to come. Ideally situated near key transportation hubs, the property offers easy access to Metro-North trains, multiple bus lines, and major thoroughfares such as the Cross County Parkway and the Bronx River Parkway, making commuting to New York City and surrounding areas convenient for tenants. Its strong location, stable tenancy, and recent upgrades make this an outstanding investment opportunity. Contact us for financial details and to schedule a private showing.

Listing Contacts

JH
NY NY - 10491207540, NJ NJ - 1433362 (+2)
Triforce Commercial Real Estate LLC
Listed by Triforce Commercial Real Estate LLC

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Additional Information

Name
Jason Horowitz
License
NY - 10491207540
Brokerage Phone
8454506500
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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