1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

540-542 N High St, Mount
Mount Vernon, NY 10552 North Side

$1,650,000 USD

Apartments For Sale  •  8,000 SF

Property Details

• Property Type Apartments
• Total Building Size 8,000 SF
• Lot Size 0.11 AC
• Building Class B
• Year Built 1947

80 Transit Score

80 Walk Score

Highlights

The property is listed at a purchase price of $1,650,000, which breaks down to $235,714 per unitand $206 per square foot.

Annual residential revenue is projected to grow from a current $173,208 to a pro forma $207,600 asmonthly rents are brought up to market rates.

Executing the pro forma leasing strategy is expected to drive the asset's Net Operating Income upfrom $111,220 to $141,561.

Shifting to stabilized pro forma operations elevates the property from its current 6.7% cap rate to aprojected 12.0% cash-on-cash return.

Property Flyers

Marketing Brochure

Public Transportation

Commuter Rail	Drive	Walk	Distance
Fleetwood Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	2 min	9 min	0.5 mi
Mount Vernon West Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	10 min	19 min	1.0 mi
Transit/Subway	Drive	Walk	Distance
Fleetwood Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	2 min	10 min	0.5 mi
Mount Vernon West Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North))	9 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
LaGuardia	29 min	-	15.7 mi
Westchester County	26 min	-	16.9 mi
John F Kennedy International	38 min	-	23.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	OneCarGarage
Included in Rent:	Yes