Listed by KSR Kassin Sabbagh Realty
$5,975,000
6 East Sidney Avenue
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Storefront
Square Footage 27,000
Units 30
Cap Rate 8.87%
NOI $529,717
Occupancy 100%
Tenancy Multi
Lease Type NN+
Remaining Term 3
Stories 4
Acreage 0.170
Zoning NB
A BRAND NEW BOILER AND HOT WATER HEATER HAVE BEEN INSTALLED, AND THE PROPERTY IS CONVERTED TO GAS!
Marketing description
Kassin Sabbagh Realty (KSR) is proud to offer 6 E. Sidney Avenue, a 27,000 sq. ft. mixed-use building on the corner of Gramatan and E. Sidney Ave in Mt. Vernon. This property includes 24 apartments and 6 retail units, with 18 units recently renovated for modern living.
A BRAND NEW BOILER AND HOT WATER HEATER HAVE BEEN INSTALLED, AND THE PROPERTY IS CONVERTED FROM OIL TO GAS.
Retail tenants cover real estate taxes, insurance, and water expenses, adding financial stability. The property is close to bus lines, the Metro-North at Mt. Vernon East, and the Bronx River Parkway. Additionally, it's surrounded by grocery stores, restaurants, banks, and transit options (2, 5, MTA) within 2-6 minutes.
Investment highlights
- Building SF 33,436 SF
Listing Contacts
Listed by KSR Kassin Sabbagh Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$529,717.00
$44,143.08/mo
Valuation Metrics
0
DSCR
8.87%
Cap Rate
8.87%
ROI
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