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Mount Vernon, NY High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Mount Vernon, New York Market population: 68K. Browse multifamily, office, retail, industrial, and mixed-use...

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📊 Average Cap Rate For Mount Vernon NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Mount Vernon NY Properties: 3.3400%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Mount Vernon NY

Common questions from investors exploring commercial real estate in Mount Vernon NY.

What is the overall investment potential of Mount Vernon, NY? +
The 14.6% poverty rate combined with 85.2% high school graduation rate and a relatively low GINI coefficient of 0.472 suggests a stable market with opportunities for growth, while the 30.8% foreign-born population and diverse top ethnicities, including Black, White, and Hispanic, indicate a culturally rich and potentially resilient community.
How does the local economy impact real estate investment in Mount Vernon? +
The median household income of $49,328 and employed population of 31,314, primarily in finance, insurance, and real estate, suggest a stable tenant base, and when considering the 29-minute average commute time and strong public transit usage, it indicates solid infrastructure for renters and potential for long-term investment returns.
What role does ethnic diversity play in the demand for real estate in Mount Vernon? +
The top ethnicities, including 47.9% Black, 15.4% White, and 12.6% Hispanic, contribute to a diverse demand for housing, and when combined with the top industries of finance, insurance, and real estate, it suggests a market with a broad range of opportunities for investors to cater to different demographics and professions.

Mount Vernon NY Real Estate & City Facts

Key facts and real estate information about Mount Vernon NY.

What are some of the best neighborhoods to live in Mount Vernon? +
Some of the best neighborhoods to live in Mount Vernon are Fleetwood and the area north of Lincoln Avenue. These neighborhoods offer a great quality of life, with good schools, low crime rates, and a strong sense of community. However, it's worth noting that Mount Vernon is a diverse city and some neighborhoods may be more suitable to certain individuals or families than others.
What are some fun things to do in Mount Vernon? +
There are plenty of fun things to do in Mount Vernon, including visiting the St. Paul's Church National Historic Site, exploring the Hunt's Woods city park, and catching a game at the Ice Hutch sports complex. You can also check out the local restaurants and bars, such as Maggie Spillane's Ale House or Johnny's Pizzeria, or take a short drive to nearby New Rochelle for more entertainment options.
What is the food scene like in Mount Vernon? +
The food scene in Mount Vernon is diverse and vibrant, with a range of options to suit every taste and budget. You can find everything from classic Italian cuisine at Sergios to Brazilian BBQ at Chalanas, and from casual eateries like Sound Chicken to more upscale restaurants like The Rail House 10803. There are also plenty of great food trucks and markets to explore.
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