100,000 Square Foot Development Opportunity

10 West Broad Street, Mount Vernon, New York, 10552
$7,500,000

Description

Located in the city of  Mount Vernon, this property is a 30,000 SF mixed-use office building with retail on grade. The property will be delivered vacant and is ideal for developers who want to take advantage of Mount Vernon’s explosive market. The subject property is zoned DB (Downtown Business) and has a total buildable of 100,000 SF as of right. The city is in an expansion mode and has just recently approved the development of 249 residential units with 20,000 SF of retail and an adjacent parking garage. The subject property is also conveniently located with regards to transportation. It is just a short walk from the Metro-North Fleetwood train station and less than 1/4 mile from the intersection of the Cross County Pkwy and Bronx River Pkwy.

Property Documents

Detail

  • Price: $7,500,000
  • Building Size: 30000 Sq Ft
  • Lot Size: 10000 Sq Ft
  • Property Type: Commercial, Development
  • Property Status: For Sale
  • Property Tax Amount: $81,176
  • Block: 1021
  • Lot: 08
  • Zoning: Downtown Business
  • Property Stories: 3
  • Commercial Units: 1
  • Annual Income: $492,245
  • Total Expenses: $147,251
  • NOI: $344,994
  • Address: 10 West Broad Street
  • Zip/Postal Code: 10552
  • Country: United States

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All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.