6 E Sidney Avenue

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Address: 6 E Sidney Ave, Mt Vernon, NY 10550, USA
Created date: July 10, 2024
Date last updated: July 10, 2024

Kassin Sabbagh Realty (KSR) has been entrusted with the sale of 6 E. Sdney Avenue, a 27,000 square foot mixed-use building situated prominently on the corner of Gramatan Avenue and E Sidney Avenue in Mt. Vernon. Comprising 24 apartments and 6 retail units, the building features 18 recently renovated apartments, ensuring modern comfort and appeal.
Retail tenants at the property contribute towards real estate taxes, building insurance, and water expenses, enhancing financial stability and operational efficiency.
The property enjoys proximity to various bus lines, facilitating convenient transportation options for residents and visitors alike. Additionally, the Metro-North train station at Mount Vernon East and the Bronx River Parkway are easily accessible, enhancing connectivity to surrounding areas.
The property benefits from a vibrant retail environment, including numerous grocery stores, restaurants, banks in close proximity with mass transit (2, 5, MTA) within 2 – 6 minutes away.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $6,750,000
No. of Units: 30
Building Size: 33,436 Sq ft
Lot Size: 7,500.00 Sq ft
No. of Stories: 4
Zoning Code: NB
Opportunity Zone: No
Price per unit: $225,000
Property Website Click Here
Address: 6 E Sidney Ave, Mt Vernon, NY 10550, USA

FINANCIAL DETAILS

Income/expense info: Actual
Gross income: 714501.60
Effective Gross income: 714501.60
Operating expenses: 192427
Net operating income: 522074.60

Additional contacts

Full name Phone number Email address
SAMIA FARAH 917.523.1274 [email protected]

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