Gut-Renovated and Well-Appointed Mount Vernon Mixed-Use Building Featuring Six Apartments and Three Retail Spaces

Description:

199 - 209 Stevens Avenue, Mount Vernon - Team Lala of RM Friedland is pleased to present the opportunity to acquire this gut-renovated mixed-use building in Mount Vernon, New York. The three-story property contains approximately 8,864 square feet on a 4,700-square-foot parcel and includes six residential apartments and three retail spaces (one tenant currently occupies two spaces). The stucco and brick exterior, windows and other exterior elements are in excellent condition.

All six apartments were fully renovated between 2018 and 2023. Each apartment has its own utility closet for heating and hot-water equipment, with tenants responsible for these utilities.

The common areas feature sheetrocked hallways, wood floors and wooden stairs, all of which are reported to be in excellent condition.

The building contains seven gas meters, including one for each apartment and one for the food-service business. There are ten electric meters, consisting of six residential meters, one common meter and three retail meters. The property has one water meter.

The commercial component is occupied by a barbershop and a food-service business. The food-service business occupies two storefront spaces. The food-service business also utilizes additional basement and an exterior space containing refrigeration equipment for food storage and catering deliveries.

The property is located near downtown Mount Vernon and Montefiore Mount Vernon Hospital, with neighborhood shopping, dining, pharmacies and medical services available throughout the surrounding area. Mount Vernon East Metro-North station provides New Haven Line service to Manhattan and Connecticut and connections to several Bee-Line bus routes.

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