16 Mount Vernon Avenue, Mount Vernon, NY 10550
Westchester County
Key Facts
Description
Excellent opportunity to acquire a mixed-use property featuring three residential apartments above and a 920 sq. ft. ground-level storefront/office space in a prime Mount Vernon location, offering strong potential for owner-use or additional rental income. The commercial space features high visibility and flexibility, making it ideal for retail, office, medical, or professional use. Above the commercial unit are three residential apartments, all currently occupied with tenants on month-to-month leases, providing immediate cash flow with future repositioning potential: One (1) one-bedroom apartment One (1) two-bedroom apartment One (1) three-bedroom apartment The property also includes a spacious 920 sq. ft. basement, offering added value for storage, expansion, or build-out possibilities. Conveniently located near downtown Mount Vernon, the Bronx River Parkway, and Metro-North, the property benefits from strong accessibility and visibility, appealing to both residential tenants and commercial users. Property Highlights: Mixed-use building: commercial + residential 920 sq. ft. ground-floor storefront/office Three income-producing apartments (month-to-month leases) An additional 920 sq. ft. basement Excellent opportunity for additional income or owner occupancy High-traffic, well-connected location Ideal for investors or end-users seeking a versatile property with existing income and long-term upside.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1900
Living Area
2,870 sq ft
Lot Size
0.04 acres
Days on Market
52
MLS® Listing#
970117
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- High:
- Mt Vernon High School
Financial Details
Annual Taxes
$42,792
Assessed Value
$16,000
Parcel Number
0800-165-069-01068-000-0001
Affordability Calculator
$195,000
Estimated monthly payment
$5,189/mo
Principal $780,000 · Est. interest $1,088,169 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mount Vernon, NY
- $705,263
- Median Listing Price
- 60
- Median Days on Market
- 1,889
- Median Sq Ft
- $324
- Median Price / Sq Ft
- 190
- Active Listings
- This home’s price is 38% above the area median.
- Its price per sq ft is 5% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mount Vernon, NY.
Location
Points of Interest in Mount Vernon, NY
Showing the Mount Vernon area map.
Nearby Schools
Hamilton School
Elementary · 0.2 mi away
Grimes School
Elementary · 0.2 mi away
Emmanuel Children's Mission School
School · 0.4 mi away
Our Lady of Victory School
School · 0.4 mi away
Thornton High School
Secondary · 0.4 mi away
Denzel Washington School of the Arts (Nellie Thornton Campus Pta)
Secondary · 0.4 mi away
Intellectus Preparatory Charter School
Secondary · 0.5 mi away
Rosemarie Ann Siragusa School
Elementary · 0.5 mi away
Nelson R Mandela Dr Hosea Zollicoffer High School
Secondary · 0.6 mi away
Columbus School at the Franko Building
School · 0.7 mi away
Mt St Michael Academy
School · 0.8 mi away
P. S 016 Wakefield
Elementary · 0.8 mi away
A.B. Davis Middle School
School · 0.8 mi away
The Matilda Avenue School
Elementary · 0.8 mi away
Bronx Charter School for Excellence 4
Elementary · 0.8 mi away
Lincoln School
Elementary · 0.8 mi away
St Ursulas School
School · 0.9 mi away
Edward Williams School
Elementary · 0.9 mi away
St. Francis of Assisi School
School · 0.9 mi away
Cecil H Parker School
Elementary · 0.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 432 Bedford Avenue, Mount Vernon, NY | $684,900 | 4 | 1 | 1,800 |
| 116 Carpenter Avenue, Mount Kisco, NY | $685,000 | 3 | 2 | 2,211 |
| 460 S 2nd Avenue, Mount Vernon, NY | $689,999 | 5 | 2 | 2,619 |
| 124 S 11th Avenue, Mount Vernon, NY | $690,000 | 5 | 4 | — |
| 606 Sherrill Road, Vernon, NY | $695,000 | — | — | 30,200 |
| 13 N 6th Avenue, Mount Vernon, NY | $695,000 | 5 | 3 | 2,084 |
Moving Cost Estimate
EXIT Agents in Mount Vernon
Listing Courtesy: The Immobilier Group LLC - 9296965121
Presented by: Dionne Moseley
Fair Housing Notice