Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
5,663 SF
Site
0.03 acres
Price / SF
$176
NOI
$141,000
Year built
1900
The offering
This well-maintained 14-room and 2 Studios boarding house presents an excellent investment opportunity, offering strong rental potential and steady cash flow. The boarding house features sixteen private rooms, each generously sized and designed to accommodate one or two occupants. Common areas include a shared kitchen equipped with ample storage and cooking facilities, multiple shared bathrooms and restrooms to support tenant needs, and a comfortable communal living or dining area that encourages a friendly residential atmosphere. Located in a convenient area close to public transport, shops, schools, and local amenities, this boarding house is ideal for workers, or short- to medium-term residents. With consistent demand for affordable accommodation, this property represents a solid opportunity for investors or owner-operators seeking reliable income with potential for future growth. The property benefits from good natural light, proper ventilation, and durable finishes designed for low maintenance and long-term use.
Building & site
Interest conveyedFee simple
Gross building area5,663 SF
Building typeMulti Family
Property typeMulti Family
Year built1900
Land area0.03 acres
Land area, SF1,307 SF
WaterPublic
SewerPublic Sewer
HeatSteam
Tax parcel550800164.76-1065-1
Number of buildings1
Electric utilityCon-Edison
Income & tenancy
Gross income (as reported)
$141,000
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Taxes & assessment
2025 taxes
$28,389
Assessed value
$5,000
Land assessment
$1,000
Full market value
$0
Owner of record
MOUNT VERNON,NEW YORK
School district
Mount Vernon
Property class
484
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.