215 Lexington
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215 Lexington
6 Unit Block of Flats £2,248,650 (£374,775/Unit) 4.21% Net Initial Yield Mount Kisco, NY 10549
Executive Summary
This is a prime redevelopment opportunity in Mount Kisco, New York. 215 Lexington Avenue currently has 4 residential units and 2 commercial spaces. Projected income and expenses without vacancy yield a net operating income of approximately $111,740. The property also has three townhomes fully approved for the site – site plans, elevations, floor plans, and landscaping plans are available, thus making this property an exceptional value add play. All utilities on site, parking for the new development finished. Very convenient location, at about one-quarter mile from Main Street, bus line, and restaurants, one-half mile to Northern Westchester Hospital, and just over one-half mile to the Mount Kisco Metro North railroad station. About one mile to Saw Mill River Parkway interchange and Mount Kisco Country Club. Major employers of the area include CareMount and Curtis Instruments.
Property Facts
| Price | £2,248,650 | Apartment Style | Low Rise |
| Price Per Unit | £374,775 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Net Initial Yield | 4.21% | Building Size | 3,220 SF |
| Sale Conditions | Development Sale | Number of Floors | 2 |
| No. Units | 6 | Year Built/Renovated | 1920/2023 |
| Property Type | Residential | Parking Ratio | 0.93/1,000 SF |
| Property Subtype | Apartment |
| Price | £2,248,650 |
| Price Per Unit | £374,775 |
| Sale Type | Investment |
| Net Initial Yield | 4.21% |
| Sale Conditions | Development Sale |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,220 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1920/2023 |
| Parking Ratio | 0.93/1,000 SF |
Site Amenities
- Public Transportation
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 5601-080-032-00004-000-0006 | Improvements Assessment | £65,329 |
| Land Assessment | £29,982 | Total Assessment | £95,311 |
PROPERTY TAXES
Parcel Number
5601-080-032-00004-000-0006
Land Assessment
£29,982
Improvements Assessment
£65,329
Total Assessment
£95,311
zoning
| Zoning Code | CN (Neighborhood Commercial District) |
| CN (Neighborhood Commercial District) |
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215 Lexington
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