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22 N 3rd Ave
Mount Vernon, NY 06380
Asking Price
$2.60M
Asset Type
Flex Industrial
Class
Class B
What's Special
22 N 3rd Ave, Mount Vernon, NY 06380 <ul><li>Dual-path investment opportunity: owner-user, investor, or redevelopment play</li><li>Potential for +-60 residential units (subject to approvals)</li><li>18' ceiling heights — ideal for warehouse, storage, or light manufacturing</li><li>2 drive-in doors supporting flexible loading and operational flow</li><li>800 amps power</li><li>High pressure gas</li><li>Direct adjacency to municipal parking garage — rare and highly valuable amenity</li><li>Attractive basis at $260/SF</li><li>
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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577
