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32 Broad Street E

Mount Vernon, NY 10552
  • $549,000
  • STATUS: Active
  • MLS #: H6190203
$549,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

School District:

Description

This deal is for the Sophisticated Investor! 5 COOP Apts, fully rented. One is free market and other 4 are under rent stabilization guidelines. The free market has just been renovated! Once the other tenants leave, the apts., become free market and can be sold or rented. Apts now show a gain every year, but are priced well under market value for sale! Rental Income $61,415 yr- Maintenance $59,269 Yr . Profit $2145 year. Apts. are registered with DHCR. 4 two bedrooms and 1 one bedroom. Coops are at 32 E Broad St & 33 E Grand St. , behind it, same complex. Maintenance is 50% Tax deductible. To make the most gains on this, you can renovate one at a time and resell! Great Location, walk to all shopping on Gramatan Ave and you also have the Metro Station 2 blocks away! Complex is managed by Stillman Management.

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© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-12-04T00:16:31.527.
www.hudsonvalleyshometeam.com/homes/129593891
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32 Broad Street E Mount Vernon, NY 10552

  • Price: $549,000
  • Status: Active
  • On Site: Days
  • MLS #: H6190203
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
Mount Vernon
County:
Westchester
Area:
Mount Vernon
School District:
Mount Vernon
Property Description
This deal is for the Sophisticated Investor! 5 COOP Apts, fully rented. One is free market and other 4 are under rent stabilization guidelines. The free market has just been renovated! Once the other tenants leave, the apts., become free market and can be sold or rented. Apts now show a gain every year, but are priced well under market value for sale! Rental Income $61,415 yr- Maintenance $59,269 Yr . Profit $2145 year. Apts. are registered with DHCR. 4 two bedrooms and 1 one bedroom. Coops are at 32 E Broad St & 33 E Grand St. , behind it, same complex. Maintenance is 50% Tax deductible. To make the most gains on this, you can renovate one at a time and resell! Great Location, walk to all shopping on Gramatan Ave and you also have the Metro Station 2 blocks away! Complex is managed by Stillman Management.
Exterior Features

Construction Materials Brick

Interior Features

Cooling None Cooling YN No

Property Features

Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 0.00 Township Mount Vernon Zoning Description M

Listing courtesy of Jeffrey Landsman of Houlihan Lawrence Inc.: 914-368-4500
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Home Team | Berkshire Hathaway HomeServices Hudson Valley Properties. Data last updated: 2022-12-04T00:16:31.527.
 
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