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164-174 Gramatan Ave
Mount Vernon, NY 10550
Retail Property For Sale
Investment Highlights
- Heavy daytime foot traffic
- Fully occupied with several long-term tenants
- In the heart of Mt. Vernon neighborhood business district
Executive Summary
• 9,500 sq ft. two-story commercial building
• In the heart of Mt. Vernon neighborhood business district
• Major retail and services corridor just south of Lincoln Ave and across from a brand new multi-family high rise
• Ground floor retail includes a beauty salon, bar, restaurant, and Bar/café
• 2nd floor retail is an indoor firearms range (since 1977)
• Stable investment with good upside in a growing
•neighborhood close to NYC
• Close to bus lines, Metro-North RR, and major highways with great access to the Bronx, Manhattan, and LI
• Fully occupied with several long-term tenants
• Attractive 5.4% Cap rate
• In the heart of Mt. Vernon neighborhood business district
• Major retail and services corridor just south of Lincoln Ave and across from a brand new multi-family high rise
• Ground floor retail includes a beauty salon, bar, restaurant, and Bar/café
• 2nd floor retail is an indoor firearms range (since 1977)
• Stable investment with good upside in a growing
•neighborhood close to NYC
• Close to bus lines, Metro-North RR, and major highways with great access to the Bronx, Manhattan, and LI
• Fully occupied with several long-term tenants
• Attractive 5.4% Cap rate
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,026 SF
Building Class
C
Year Built/Renovated
1948/1988
Price
$3,877,453 CAD
Price Per SF
$3,779.19 CAD
Cap Rate
5.40%
NOI
$209,382 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.11 AC
Zoning
Comm - Commercial Retail (NB)
Frontage
64’ on Gramatan Ave
Amenities
- 24 Hour Access
- Restaurant
- Security System
- Tenant Controlled HVAC
- Air Conditioning
Property Taxes
| Parcel Number | 0800-165-054-01121-000-0006 | Improvements Assessment | $27,160 CAD |
| Land Assessment | $13,580 CAD | Total Assessment | $40,740 CAD |
Property Taxes
Parcel Number
0800-165-054-01121-000-0006
Land Assessment
$13,580 CAD
Improvements Assessment
$27,160 CAD
Total Assessment
$40,740 CAD
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