November 30, 2021 – Will Kiriazidis of Horvath & Tremblay has successfully completed the sale of a seven unit mixed-use building in Mount Vernon, New York. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $935,000.
The mixed-use investment property, located at 110 N 5th Avenue in Mount Vernon, New York is comprised of seven (7) units. The Property is a four-story building that contains a total of seven (7) units consisting of one (1) retail unit and six (6), 2-Bedroom/1-Bathroom units in 5,800 square feet of living area (6,688 square feet of total gross area) on a 0.06-acre parcel. 110 N 5th Avenue is well-located in the heart of downtown Mt Vernon. The Property is one block from Gramatan Avenue, the area’s primary commercial corridor, and offers a highly walkable neighborhood with numerous area amenities for residents including dining, entertainment, and retail options. The Property also offers a transit-oriented location; it is 400 feet from a bus stop with service on four different lines, is 1/2-mile from the Mount Vernon East Metro North Train Station (New Haven Line), ¾-miles from the Mt Vernon West Metro North Station (Harlem Line) and 1-mile from the 241st Street Subway Station (Red-Line). The property also offers convenient access to The Empire City Casino, the Yonkers Raceway, and the Cross County Shopping Center, with more than 80 shops and restaurants, are all approximately 2-miles away.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.