Overview
Avison Young, as exclusive agent, is pleased to offer for sale Westchester Plaza (the “Portfolio”), a 699-unit, seven-building mixed-use portfolio in Mount Vernon, NY. The Portfolio includes four residential properties and three retail buildings with 11 ground-floor commercial units anchored by Foodtown Grocery (lease through December 2036).
The Portfolio is 96.8% occupied, reflecting strong demand in a supply-constrained submarket. Located near Metro-North’s New Haven Line, offering sub-30-minute access to Grand Central, the property benefits from consistent commuter-driven demand.
Westchester Plaza presents a rare opportunity to acquire scaled, stabilized cash flow in a transit-oriented market with durable rents and a resilient tenant base.
Investment Highlights
Institutional scale with operational leverage
699 units across four mid/high-rise buildings create rare scale in Westchester, driving efficiency, financing appeal, and strong exit optionality.
Stable cash flow with embedded upside
Portfolio is 96.8% occupied with 94% rent-stabilized units averaging 39% below market, supporting durable occupancy and long-term free-market upside from 36 market-rate units.
Diversified retail income stream
The Portfolio includes 11 retail tenants anchored by Foodtown through 2036, alongside neighborhood dining and service operators.
Excellent regional connectivity
Near three Metro-North stations with ~25-minute access to Grand Central, plus convenient access to major highways, employment hubs, and regional transit.
Demonstrated value-add potential
Ownership has executed unit renovations and capital improvements that support permanent rent growth, with additional MCI upside tied to future building upgrades.
Photo Gallery
