Buy with Yoreevo
$3,929,017
List Price: $3,999,000
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3 Sherman Avenue
Apartment in Mount Vernon •  building info
studio • 12,197ft² $328 per ft²
Buy with Yoreevo

$3,929,017

List Price

$3,999,000

Key Details
Days on market
102
Last price change
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Estimated payment
$21,578/mo
Taxes
N/A
Maintenance
N/A
Description
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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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$3,999,000
Asking Price: $3,999,000
Term
30 Years
Down Payment
$399,000 (10%)
Min: 10% (399,000)
Rate
6.0 %
Mortgage Amount
$3,599,100
Mortgage Payment
$21,578
Estimated Yoreevo rebate
$69,983
Estimated closing cost
$67,000
Total monthly cost $21,578
Buy your dream home with us and get an estimated $69,983 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of ERA Insite Realty Services

Information ©2026, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.