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$1,600,000
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Property Description
Excellent investment opportunity, this well maintained mixed use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don't miss out on this unique opportunity it won't last long
Full Property Details
Full Property Details for 425 S 8th Ave
General
- Price: $1,600,000
- Taxes: $22,530
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1002952
- Updated: 5/21/2026
- Added to Site: 15 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Westchester County
School Information
- High School District: Mount Vernon
- Elementary School: Cecil H Parker School
- Middle School: Benjamin Turner Middle School
- High School: Mt Vernon High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 5142
- Square Feet: 5,142
- Year Built: 1952
Financial Considerations
- Tax Amount: $22,530
Disclosures and Reports
- Special Conditions: None
- Property ID: 0800-169-038-03063-000-0036
Listed by Link NY Realty
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Schools
Schools serving 425 S 8th Ave
School District:Mount Vernon School District
| Name | Grades | Distance |
|---|---|---|
Cecil H Parker School 461 South 6th Avenue, Mount Vernon, NY 10550 | K-6 | 0.1 mi |
Benjamin Turner Middle School 624 South 3rd Avenue, Mount Vernon, NY 10550 | 7-9 | 0.5 mi |
Denzel Washington School-Arts 121 South 6th Avenue, Mount Vernon, NY 10550 | 9-12 | 0.6 mi |
Mount Vernon High School 100 California Road, Mount Vernon, NY 10552 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 425 S 8th Ave
Date
Details
Price
Change
Source
5/21/2026
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 425 S 8th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,121
100%
$17,000
—
2024
100%
$17,000
—
2020
-100%
$17,000
—
2020
$25,069
2%
$17,000
—
2018
$24,685
3%
$17,000
—
2017
$24,056
1%
$17,000
—
2017
$23,750
12%
$17,000
13%
2016
$21,150
3%
$15,000
—
2015
$20,500
2%
$15,000
—
2014
$20,104
—
$15,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 425 S 8th Ave
425 S 8th Avenue, Mount Vernon, NY 10550 (MLS# 1002952) is a Commercial property. 425 S 8th Avenue is currently listed for $1,600,000 and was received on May 21, 2026. Want to learn more about 425 S 8th Avenue? Do you have questions about finding other Commercial real estate for sale in Mount Vernon? You can browse all Mount Vernon real estate or contact a Coldwell Banker agent to request more information.
