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142 N Terrace Avenue

Mount Vernon, NY 10550
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Bed 10

Bed

Bath 5

Bath

Acres0.08

Acre(Lot)

This property is being sold based on the HUGE Rental revenue, Positive cash flow and Renovated BEAUTIFUL condition. The property consists of 3 UNITS PLUS a finished walkout Garden apartment with a legal kitchen and bath. Units consist of the following: 4 bedroom 2 bath ( $2929 Monthly Rent) 3 bedroom 1 bath ( Currently Vacant) , 2 bedroom 1 bath ($2537 Rent) , 1 bedroom 1 bath ( $1830 rent) . Currently the 3 bedroom apartment is vacant and the property is still grossing over $87,000 per year!! Why only live rent free when you can live in this apartment and still generate a positive cash flow!! When this apartment is rented out the Building Gross Rental Revenue is a WHOPPING $121, 752. Yes you read correctly- $121, 752!!!! As a bonus Tenants pay for their own cooking gas, electr ic and hot water. This is a rarity amongst Multi Families and makes this your perfect home or investment cash cow!! Selling at approximately 8.5 % Cap rate. All program rents increase at approximately 3.5 % per year so cash flow will grow each year.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,095,000

AD Id : 89856931

MLS Id : 952048

Beds : 10

Lot Size : 0.08 Acre

Year Built : 1940

County : Westchester

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Feature Features

  • Bedroom Information

    Total beds: 10

    Bathroom Information

    Total Baths: 5 Full Baths: 5

    Room Information

    Basement: None
  • Interior Features

    Other
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard, Natural Gas, Other Cooling: None

  • Building Information

    Year Built: 1940 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0761 Lot Size Square Feet: 3315

  • Listing Price Information

    Listing Price: $1095000 Original Price: $995000

  • Tax Information

    Parcel Number: 0800-164-060-01074-000-0005 Annual Tax: $16500

  • Parking Information

    Off Street

  • School Information

    Elementary School: Hamilton
    Junior High School:
    Senior High School:
  • Utility Information

    Natural Gas Available, Natural Gas Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
461 S 1st Avenue, Mount Vernon, NY, 10550 $750,000 7 5 -- 0.12 Acre
20 Cooley Place, Mount Vernon, NY, 10550 $1,275,000 7 4 -- 0.09 Acre
464 S 2nd Avenue, Mount Vernon, NY, 10550 $499,000 3 2 -- 0.06 Acre
101 Summit Avenue, Mount Vernon, NY, 10550 $2,200,000 9 5 -- 0.34 Acre
462 S 3rd Avenue, Mount Vernon, NY, 10550 $699,999 5 2 -- 0.07 Acre
409 S 3rd Avenue, Mount Vernon, NY, 10550 $660,000 4 3 -- 0.05 Acre
165 Summit Avenue, Mount Vernon, NY, 10550 $1,749,000 10 8 -- 0.72 Acre
459 S 5th Avenue, Mount Vernon, NY, 10550 $699,000 6 3 -- 0.05 Acre
203 E Prospect Avenue, Mount Vernon, NY, 10550 $825,000 5 4 -- 0.05 Acre
115 Washington Street, Mount Vernon, NY, 10550 $899,000 6 3 -- 0.07 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 09/01/2026 @ 10:23

MLS: 952048 LISTED BY: Daniel Feder, Bayview Realty 917-439-3258 SOURCE: OneKey MLS

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