425 S 8th Avenue, Mount Vernon, NY 10550
Westchester County
Key Facts
Description
Excellent investment opportunity, this well maintained mixed use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don’t miss out on this unique opportunity it won’t last long
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1952
Living Area
5,142 sq ft
MLS® Listing#
1002952
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Cecil H Parker School
- Middle:
- Benjamin Turner Middle School
- High:
- Mt Vernon High School
Financial Details
Annual Taxes
$22,530
Parcel Number
0800-169-038-03063-000-0036
Affordability Calculator
$320,000
Estimated monthly payment
$8,516/mo
Principal $1,280,000 · Est. interest $1,785,714 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 127% above the area median.
- Its price per sq ft is 4% below 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
Cecil H Parker School
Elementary · 0.1 mi away
Mt St Michael Academy
School · 0.3 mi away
Bronx Charter School for Excellence 4
Elementary · 0.3 mi away
Rebecca Turner Elementary School
Elementary · 0.4 mi away
Edward Williams School
Elementary · 0.4 mi away
St. Francis of Assisi School
School · 0.5 mi away
Benjamin Turner Middle School
Elementary · 0.5 mi away
Denzel Washington School of the Arts (Nellie Thornton Campus Pta)
Secondary · 0.6 mi away
Thornton High School
Secondary · 0.6 mi away
PS 87
Elementary · 0.6 mi away
Grimes School
Elementary · 0.6 mi away
PS 68
Elementary · 0.6 mi away
Wake- Eden Christian Academy
School · 0.7 mi away
Emmanuel Children's Mission School
School · 0.7 mi away
The Matilda Avenue School
Elementary · 0.9 mi away
Saint Frances of Rome - Food Distribution Center
School · 0.9 mi away
Graham School
Elementary · 0.9 mi away
Our Lady of Victory School
School · 0.9 mi away
P. S 016 Wakefield
Elementary · 0.9 mi away
Astor Day Treatment Center
School · 1.0 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 |
|---|---|---|---|---|
| 316 E 4th Street, Mount Vernon, NY | $1,124,000 | 6 | 4 | — |
| 255 Pennsylvania Avenue, Mount Vernon, NY | $1,149,000 | 5 | 4 | 2,702 |
| 26 Woodstork Drive, Mount Sinai, NY | $1,150,000 | 4 | 4 | 3,700 |
| 260 E Devonia Avenue, Mount Vernon, NY | $1,150,000 | 4 | 3 | 3,265 |
| 241 E Main, Mount Kisco, NY | $1,190,000 | — | — | 3,561 |
| 4 Crabapple Court, Mount Sinai, NY | $1,199,997 | 6 | 3 | 3,526 |
Moving Cost Estimate
EXIT Agents in Mount Vernon
Listing Courtesy: Link NY Realty - 6468272256
Presented by: Michael J. Venuto
Fair Housing Notice