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40 E 1st St

14,404 SF Retail Building Mount Vernon, NY 10550 £3,885,705 (£270/SF)

Investment Highlights

  • The property spans one full block on East First Street and is walking distance to the Mount Vernon East Metro North Train.

Executive Summary

The site is made up of (3) parcels with common ownership.

Property Facts

Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Bank
Building Size
14,404 SF
Building Class
C
Year Built
1953
Price
£3,885,705
Price Per SF
£270
Tenancy
Single
Number of Floors
2
Building FAR
1.84
Land Acres
0.18 AC
Opportunity Zone
Yes
Zoning
DB - Downtown Business
Parking
35 Spaces (2.43 Spaces per 1,000 SF Leased)
Frontage
157 ft on 1st St

Amenities

  • Bus Route

About 40 E 1st St , Mount Vernon, NY 10550

• Located at the Mt Vernon East Metro-North train Station in Mt Vernon, NY • The site is made up of (3) parcels with common ownership • Parcel 1 is a 2-story commercial building with a retail bank branch as its long term tenant • Parcel 2 is a vacant retail strip in need of significant maintenance • Parcel 26 is a parking lot • Site encompasses a full block front on E 1st St • The City is currently exploring a rezoning of the area • Located in a Qualified Opportunity Zone

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Finance and Insurance
  • 8,816 SF
  • -
  • -

?Putnam County Savings Bank was founded in 1871, in the General Store of Alexander Lobdell, across from the present railroad station in Brewster, New York. Though originally established to serve local farmers and townsfolk, PCSB grew as more people left New York City to make their homes and start businesses in the Lower Hudson Valley. Today, PCSB Bank takes tremendous pride in their commitment to Putnam, Dutchess, Westchester and Rockland Counties in the Lower Hudson Valley. PCSB Bank will always remain steadfastly true to their original charter as a bank for local businesses and hard-working families. Expanding their footprint allows PCSB Bank to provide their True Local, True Banking style of personalized service to even more Lower Hudson Valley families and businesses. This is the cornerstone of their business philosophy and will be evident in everything they do.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Finance and Insurance 8,816 SF - -
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Golden Krust
Rent-A-Center
Chase Bank
Foodtown
HSBC
Stop & Shop Supermarket
TD Bank
Sunbelt Rentals-general Equipment & Tools
Capital One Bank
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0800-165-070-03123-000-0001
  • 0800-165-070-03123-000-0002
Land Assessment
£42,625
Improvements Assessment
£15,857
Total Assessment
£58,482
  • Listing ID: 18524412

  • Date on Market: 14/02/2020

  • Last Updated:

  • Address: 40 E 1st St, Mount Vernon, NY 10550

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