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536 N High St 10 Unit Apartment Building $1,758,750 CAD ($175,875 CAD/Unit) 7.90% Cap Rate Mount Vernon, NY 10552
Investment Highlights
- 10-Unit, 100% Rent-Stabilized Multifamily, Fully Occupied Asset
- Proposed Financing of $937,500 Yielding an 8.70% First-Year Cash-on-Cash Return
- Highly Concentrated Unit Mix, Featuring Nine One-Bedroom Layouts
- Offered at $1,250,000, Representing a 7.9% In-Place Capitalization Rate
- Clear Value-Add Opportunity to Increase Annual Revenue by $7,006 to Legal Levels
- Located at 536 North High Street in Mount Vernon, NY
Executive Summary
The New York Multifamily Group at Marcus & Millichap is pleased to exclusively offer 536 North High Street for sale, a fully occupied, 10-unit multifamily property with a garage located in the Fleetwood neighborhood of Mount Vernon, New York. The property is approximately 8,000 square feet, contains 100% rent-stabilized residential units, and features nine one-bedroom and one two-bedroom layouts. The investment is offered at $1,250,000, representing a 7.9% in-place capitalization rate with a clear valueadd opportunity to increase annual residential revenue.
Property Facts
| Price | $1,758,750 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $175,875 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.90% | Building Size | 8,000 SF |
| Gross Rent Multiplier | 7 | No. Stories | 4 |
| No. Units | 10 | Year Built | 1947 |
| Property Type | Multifamily | Parking Ratio | 0.31/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,758,750 CAD |
| Price Per Unit | $175,875 CAD |
| Sale Type | Investment |
| Cap Rate | 7.90% |
| Gross Rent Multiplier | 7 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,000 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 | 9 | - | - |
| 2+1 | 1 | - | - |
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 | $25,269 CAD |
| Land Assessment | $4,211 CAD | Total Assessment | $29,480 CAD |
Property Taxes
Parcel Number
0800-165-037-01049-000-0012
Land Assessment
$4,211 CAD
Improvements Assessment
$25,269 CAD
Total Assessment
$29,480 CAD
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536 N High St
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