251-253 S Fifth Avenue

Located in the vibrant city of Mount Vernon, known for its bustling community and diverse culture, the property offers an ideal opportunity for multifamily and high-rise investors. Surrounded by a variety of amenities, residents can enjoy easy access to the nearby Mount Vernon West train station, providing convenient transportation to New York City. The area is also in close proximity to popular dining spots, shopping centers, and recreational facilities, ensuring a comfortable and enriching lifestyle for future tenants. With its strategic location and local attractions, the property presents a promising investment in an appealing and dynamic neighborhood.This well-maintained six-unit, rent-stabilized apartment building presents a strong investment opportunity in a prime Mount Vernon location. The property consists of four three-bedroom units and two one-bedroom units, providing a diverse unit mix that appeals to both families and individuals. Two of the units are occupied by an onsite service person, ensuring hands-on maintenance and added oversight for the building. Significant capital improvements have been completed in the past year, including a new fence, sidewalk repairs, and siding repairs. The major building systems are in excellent shape, with a new boiler installed in 2022 and a roof replacement completed between 2021 and 2022, minimizing maintenance costs for years to come. Ideally situated near key transportation hubs, the property offers easy access to Metro-North trains, multiple bus lines, and major thoroughfares such as the Cross County Parkway and the Bronx River Parkway, making commuting to New York City and surrounding areas convenient for tenants. Its strong location, stable tenancy, and recent upgrades make this an outstanding investment opportunity. Contact us for financial details and to schedule a private showing.