557 N Macquesten Pky

557 North MacQuesten Parkway, Mount Vernon, NY 10552 presents a compelling transit-oriented mixed-use investment opportunity in one of southern Westchester’s most active growth corridors. The property consists of approximately 3,000 square feet of rentable building area situated on a 0.12-acre (5,227 SF) lot and is configured with four tenants throughout five units, including two retail and two residential units.

Asset & Rent Roll (Current vs. Market)

Building Size:~3,000 +/- SF RBA

Lot Size: 5,000 +/- SF (0.12 AC)

Tenancy Mix: 4 tenants (2 retail, 2 residential)

Retail 1 (Ambulate service):$3,800/mo (occupies two units)

Retail 2 (Window Supplier):$2,100/mo

Residential A (2-bed):$1,600/mo

Residential B (1-bed):$2,300/mo

Income Upside:

Current Gross Operating Income:~$117,600

Market-Aligned Income:~$133,200 — showing clear near-term rent upside as leases reprice to market.

Expense Profile (2025):

Property Taxes:~$18,992

Insurance:~$6,000

Utilities (Water/Sewer):~$700

CAM: $2,000

Tenants separately metered for utilities— lowering operating burden.

Capital & Physical Condition:

Half of interior units recently renovated.

Significant portions of the roof replaced in the past few years.

On-site washer and dryer benefit residential tenant satisfaction and retention.

Operational Strength:

Self-managed with long-standing, low-turnover tenants.

Consistently high occupancy with minimal vacancy — a rare performance metric in small, mixed-use building.