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