Active

395-397 E 3rd Street

Mount Vernon NY, 10553

$2,900,000


Active

Commercial

Built in 1923

10,000+ sq. ft. 2 story brick corner mixed use property located at East 3rd St. & S. Columbus (Rt. 22). 6 ground fl. commercial spaces with 4 spacious residential units on the 2nd fl., & a large basement. 8.9% CAP RATE. The retail stores include a barber shop, salon, deli, restaurant (2 fronts) and an office. The office will be vacant at closing. The 4 residential units consists of 2 3BR/1B and 2 2BR/1Bath units. 1 3BR and 1 2BR are vacant presently and available to show. They were recently renovated with new kitchens including stainless steel appliances & wood cabinets. The renovated bathrooms include new vanities and marble tiles shower walls. All commercial (modified gross) and residential units have their own gas and electric meters. The residential water expense is paid by the landlord while commercial tenants pay an additional $100 or $125 monthly. Property video, lease summary & P&L preform available. Building analysis under current. Zoning analysis and rent roll attached.

H6289848

MLS ID

February 21, 2024

Listed

May 9, 2024

Updated

Map

395-397 E 3rd Street
Mount Vernon NY, 10553

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

None, Window Unit(s)


Heating

Yes


Heating Description

Natural Gas, Baseboard

Exterior/Building Features

Sewer

Public Sewer

School Information

School District

Mount Vernon

Other Property Details

Taxes

$22,772


Tax Frequency

Annually


Garage

No


View

No


County

Westchester


Municipality

Mount Vernon


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listed by Gregory Tsougranis George C Sotomayor with Keller Williams Realty NYC Grp
Listing Contact: 718-697-6800 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Shaw Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 8:34 AM UTC, 5/9/2024

  

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