540-542 North High Street

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540-542 North High Street

Mount Vernon, NY 10552
Asking Price
$1.65M
Cap Rate
6.7%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Multifamily | 7 Units | $235,714/unit <ul><li>​The property offers a tremendous value-add opportunity to achieve a strong, stabilized return by capturing embedded rental upside. By raising below-market rents to market levels, investors can increase Net Operating Income from $111,220 to the projected $141,561. This optimized leasing strategy unlocks a highly lucrative 12.0% pro forma cash-on-cash return at the $1,650,000 acquisition price.</li><li>​Located just 0.9 miles from the Fleetwood Metro-North station, the property offers a d

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NOI
$80,000
Cap Rate
4.85%
DSCR
0.82
Underwater
Cash-on-Cash
-3.63%
Monthly Payment
$8,163.3
Annual Cash Flow
$-17,959.597

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