Westchester Plaza
Mount Vernon, NY
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 94.3% rent-stabilized units averaging 38.6% 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.
Team
Erik Edeen
James Nelson