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536-542 N High St 17 Unit Apartment Building $3,676,627 CAD ($216,272 CAD/Unit) 7.70% Cap Rate Mount Vernon, NY 10552
Investment Highlights
- Transit-Oriented Location: Walkable to Metro-North, providing direct access to NYC and supporting consistent renter demand.
- Immediate & Long-Term Upside: 41% free market allows for near-term mark-to-market, while the stabilized units provide steady in-place cash flow.
- Rare On-Site Parking: 11 parking spaces on site, a significant amenity in this submarket that enhances tenant appeal and retention.
- Strong Submarket Positioning: Considered one of Mount Vernon’s more established and desirable residential pockets.
- Well-Maintained Asset: 7 of 17 units renovated since 2022, providing a clear path to continue upgrades and drive rent growth.
Executive Summary
New York Multifamily is pleased to offer 536–542 North High Street, a 17-unit multifamily asset located in the Fleetwood neighborhood of Mount Vernon. The property spans three contiguous buildings totaling 12,992 square feet. Well-maintained with minimal deferred maintenance, 7 of the 17 units have been renovated since 2022, providing investors with a clear path to continue upgrading units and drive rental growth. The property features 11 on-site parking spaces and benefits from tenant-paid heat and hot water, minimizing operating expenses and enhancing cash flow stability.
Location Overview
Fleetwood is widely considered one of the most desirable submarkets within MountVernon, offering a suburban feel with strong connectivity to New York City. Anchored by the Fleetwood Metro-North station, the neighborhood provides 30-minute access toGrand Central, making it a true commuter-driven rental market.
Location Overview
Fleetwood is widely considered one of the most desirable submarkets within MountVernon, offering a suburban feel with strong connectivity to New York City. Anchored by the Fleetwood Metro-North station, the neighborhood provides 30-minute access toGrand Central, making it a true commuter-driven rental market.
Property Facts
| Price | $3,676,627 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $216,272 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 7.70% | Building Size | 12,992 SF |
| Gross Rent Multiplier | 7.5 | No. Stories | 4 |
| No. Units | 17 | Year Built | 1947 |
| Property Type | Multifamily | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,676,627 CAD |
| Price Per Unit | $216,272 CAD |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Gross Rent Multiplier | 7.5 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 12,992 SF |
| No. Stories | 4 |
| Year Built | 1947 |
| Parking Ratio | 0.31/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0800-165-037-01049-000-0012 | Improvements Assessment | $24,556 CAD |
| Land Assessment | $4,093 CAD | Total Assessment | $28,649 CAD |
Property Taxes
Parcel Number
0800-165-037-01049-000-0012
Land Assessment
$4,093 CAD
Improvements Assessment
$24,556 CAD
Total Assessment
$28,649 CAD
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536-542 N High St
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