3 Sherman AvenueMount Vernon, NY 10552Price: $3,999,000

  • Price: $3,999,000
  • 167 Days on Market
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
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This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,999,000List Price
  • 0.28Acreage

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Exceptional Investment Opportunity in the Bronxville Area Originally built as a historic schoolhouse, this unique 14-unit building(+ one super unit) was completely renovated in 2013, offering modern comfort while retaining timeless character. The property features a mix of 1 and 2 bedroom apartments, all newly constructed during the full redevelopment. Additional income can be obtained through apartment rental in lower level, as well as parking and laundry. Rental income can be increased through lease increase in 45 days of approximately 2,800 a month. Residents enjoy on-site laundry facilities and unbeatable convenience-just steps to the bus and a short walk to the charming Chester Heights neighborhood. Ideally located near all major highways and only 1.5 miles from the train, this property provides excellent commuter access. A standout asset in a prime location, perfect for investors seeking a fully updated, low-maintenance building with strong rental appeal.

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Listed by Michelle Prisco of ERA Insite Realty Services (914-949-9600)

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 17, 2026 2:49 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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