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33810927
33810926

11 South 4th Avenue, Mt Vernon, NY 10550

KR
10401215771
Charles Rutenberg Realty Inc Plainview
Listed by Charles Rutenberg Realty Inc Plainview
$949,000
14 days on market
Updated 4 days ago
Opportunity zone

Commercial Building4 Sale-HighTraffic loc in Mt. Vernon NY!

Details
Property Type Retail, Mixed Use (+1)
Sub Type Storefront, Commercial (+1)
Square Footage 6,500
Cap Rate 7.00%
NOI $56,000
Occupancy 50%
Pro-Forma Cap Rate 17.00%
Pro-Forma NOI $135,000
Year Built 1950
Year Renovated 2023
Buildings 1
Acreage 2613.000
Zoning Commercial/Mixed Use
Ground Lease No

Commercial Building4 Sale-HighTraffic loc in Mt. Vernon NY! CASH COW!!

Marketing description

Commercial/Possibly mixed use building in PRIME RETAIL SHOPPING area with Max exposure for sale. Building is 3 Stories plus full basement.

Pharmacy on 1st floor is currently rented for $6,500 a month

2nd floor and 3rd floor is vacant by Owner's choice as he was using it for his own purposes but each of these two floors can be rented EASILY for $3500 a month.

Total rental potential is $13,500 a month! This property was appraised for approx 1.2 million by a bank appraiser a couple of years ago. It is being sold as a distressed sale as the owner needs to free up his capital ASAP! It is now possible to pick up for $795,000! That's 400k+ below what it was appraised for!

Price: Asking $795,000

Taxes: Approx 17,184 annually. (Taxes have NEVER been grieved!)

First Come first Serve!

Ask for Khaleeque Rehman

917-855-0187

Investment highlights

Commercial/Possibly mixed use building in PRIME RETAIL SHOPPING area with Max exposure for sale. Building is 3 Stories plus full basement.

Pharmacy on 1st floor is currently rented for $6,500 a month

2nd floor and 3rd floor is vacant by Owner's choice as he was using it for his own purposes but each of these two floors can be rented EASILY for $3500 a month.

Total rental potential is $13,500 a month! This property was appraised for approx 1.2 million by a bank appraiser a couple of years ago. It is being sold as a distressed sale as the owner needs to free up his capital ASAP! It is now possible to pick up for $795,000! That's 400k+ below what it was appraised for!

Price: Asking $795,000

Taxes: Approx 17,184 annually. (Taxes have NEVER been grieved!)

First Come first Serve!

Ask for Khaleeque Rehman

917-855-0187

Listing Contacts

KR
10401215771
Charles Rutenberg Realty Inc Plainview
Listed by Charles Rutenberg Realty Inc Plainview

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,000.00
$4,666.67/mo

Valuation Metrics

0
DSCR
5.9%
Cap Rate
5.9%
ROI

Map

Zoning

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DB CommercialCore CommercialDowntown Business
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View all 24 uses
View all 24 uses
Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
khaleeque rehman
License
68157
Brokerage
Hudson Nationwide Lending
Brokerage Phone
9178550187
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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