Jeffrey Farnell - Smitchger Realty Logo
$1,600,000
( $311.16Per Sq Foot )
 $8,589 est/mo Sourced by Back At You

425 S 8th Avenue,Mount Vernon, NY 10550

Mount Vernon, NY 10550

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Description

Excellent investment opportunity, this well maintained mixed use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don’t miss out on this unique opportunity it won’t last long

Details

MLS #1002952
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1952
Days On Site94
Listing Provided ByLink NY Realty | Michael J. Venuto

Features

SQ Feet5,142
BasementY
Units7

Interior

CoolingWall/Window Unit(s)
HeatingBaseboard, Natural Gas

Exterior

Construction MaterialsBrick

Parking

Parking FeaturesParking Lot

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Annual Amount22530

Area Information

StateNY
CountyWestchester County
CityMount Vernon
Zip Code10550
School DistrictMt Vernon High School
Elementary SchoolCecil H Parker School
High SchoolMt Vernon High School
Listing VS Median (in 10550)
Price:
$1,600,000
low | high
Med:
$650,000
100% of Average
sqft:
5,142
low | high
Med:
1,700
100% of Average
$ / sqft:
$311
low | high
Med:
$382
27.121323529412% of Average
On site:
94
low | high
Med:
642
14.641744548287% of Average
Sourced by Back At You

Market Activity 10550

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyWestchester County
CityMount Vernon
Zip Code10550
School DistrictMt Vernon High School
Elementary SchoolCecil H Parker School
High SchoolMt Vernon High School
Listing VS Median (in 10550)
Price:
$1,600,000
low | high
Med:
$650,000
100% of Average
sqft:
5,142
low | high
Med:
1,700
100% of Average
$ / sqft:
$311
low | high
Med:
$382
27.121323529412% of Average
On site:
94
low | high
Med:
642
14.641744548287% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.2M - $2M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
511 S 11th Avenue Property Photo 1
$850,000
511 S 11th Avenue
Mount Vernon, NY 10550
332 S 4th Avenue Property Photo 1
$949,000
332 S 4th Avenue
Mount Vernon, NY 10550
Listing Updated: July 9, 2026 at 3:18:29 PM PDT

Jeffrey Farnell - Smitchger Realty