19 East 4th Street - Availability Details
19 E 4th St, Mount Vernon, NY 10550
- For Sale $1,550,000
- City Mount Vernon
- Neighborhood South Side Mount Vernon
- Zip Code 10550
- Market White Plains
- Property Type Multi-Family
- Property Size 10,000 Sqft
- Lot Size 4,536 Sqft
- Date Updated 31 Jul, 2020
RM Friedland is pleased to present the opportunity to acquire 19 East 4th Street - located on the northeast corner of East 4th Street and South Third Avenue in Mount Vernon, NY. The subject is situated on a 4,356 square feet parcel in an Opportunity Zone.
The ownership has completed approximately $150,000 in extensive renovation and improvements over the past three years in this 4-story, walk-up, multifamily building consisting of 8 residential units. All of the apartments are three bedrooms. Four of the eight units have been gutrehabbed. The remaining units have also undergone extensive renovations and/or appliance upgrades.
The current loan must be assumed and the terms are as follows: - Amount: $1,181,000 - Lender: Arbor Multifamily Lending - Closed May 2020 - Fannie Mae - 3.64% Interest - 10yr Term - 30yr Amort Tenants enjoy proximity (2-3 blocks) to Downtown Mount Vernon's Gramatan Avenue & South 4th Avenue Retail Corridor as well as the Mount Vernon East Metro North Station and the Eastchester/Dyre avenue #5 train Station at the border of Mount Vernon and The Bronx.
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