124 Union Avenue, Mount Vernon — legal three-family
A legal three-family Victorian in Mount Vernon grossing $4,250 a month, with all three units on month-to-month leases — so a buyer can reset rents to market, keep the income in place, or deliver it vacant. Approximately 2,420 square feet across three levels.
The layout is unusually flexible: a two-bedroom plus office on the first floor, a one-bedroom plus office on the second, and a one-bedroom on the third. Live in one unit and rent the other two, or lease all three and hold it as a full investment.
Recent work includes a full first-floor renovation, an updated second-floor kitchen, a renovated third-floor kitchen, bathroom and flooring, electrical service roughly three years old, a hot-water system about one year old and a roof roughly ten years old. Each residence has its own entrance and character; the photographs here are virtually staged to show how the rooms live.
Mount Vernon East Metro-North is a short walk — under 30 minutes to Grand Central — with the Bronx line, the Bee-Line buses and the parkways minutes away. Showings by appointment. The current income and operating figures are published below; the full rent roll and expense detail are available on request.
- Price
- $699,000
- Type
- Legal three-family, Victorian
- Layout
- 2 BR + office · 1 BR + office · 1 BR
- Size
- ≈ 2,420 sq ft, three levels
- Leases
- All month-to-month
- Gross rent today
- $4,250 / month · $51,000 / year
- Taxes
- $19,264 / year
- Utilities
- Owner pays oil heat, hot water and water/sewer; tenants pay their own electric and gas — 4 electric, 3 gas meters
- Market rent, estimated
- $6,100 / month · $73,200 / year
- Listed by
- Jerges Santana, SERHANT
Heating oil, hot water and water/sewer are owner-paid and are not itemised above. The figures shown are gross rent and taxes only — they are not a full operating statement and should not be used to derive net operating income or a capitalisation rate. Full expense detail, including the annual heating oil cost, is available on request. Market rent is a broker's estimate based on comparable leases nearby, not a guarantee. Figures are believed accurate and should be independently verified.
Interiors shown are virtually staged.
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