Commercial in Westchester County
| MLS Number | 1070899 |
|---|---|
| Address | 132 W Boston Post Road W, Mamaroneck, NY 10543 show map |
| Price | $1,700,000 show mortgage calculator |
| Acres | 0.069283746556474 |
| Year Built | 1940 |
| Est. Sq. Footage | 0 |
| Zoning | C-1 |
| Current Uses | |
| Permitted Uses |
DOWNTOWN MAMARONECK MIXED-USE INVESTMENT OPPORTUNITY! An attractive opportunity for investors seeking an income-producing property with significant residential rental upside in Westchester County's desirable Sound Shore market. This three-story mixed-use building combines approximately 2,000 SF of retail space occupied by a long-standing tenant for over 20 years with FIVE income-producing residential apartments. The residential units, currently rented below projected market rates, present an opportunity to enhance rental income as tenancies transition to month-to-month status during 2027. The residential component consists of four two-room studios and one one-bedroom apartment. The apartments feature updated kitchens and bathrooms, while the common hallway has been freshly painted with new carpeting. The building has benefited from numerous recent improvements and updates, enhancing its overall appeal and investment potential. Front-facing apartments on the second and third floors enjoy views of Long Island Sound. Municipal records indicate approximately 4,875 SF of gross floor area, plus additional basement space. Ideally situated along the West Boston Post Road commercial corridor, just one block from Mamaroneck Avenue Business District and directly across from Harbor Island Park. An appealing combination of established income, residential rental upside and a prime downtown location. Pro Forma NOI: $114,870 | Pro Forma Cap Rate: 6.76% | Current NOI: $82,770
© 2022 OneKey Multiple Listing Service, Inc., All Rights Reserved. The data relating to real estate for sale or lease on this website comes in part from OneKey MLS. Real estate listings held by brokerage firms other then CS Realty Relocation Services are marked with a OneKey MLS Logo. The information appearing herein has not been verified by the OneKey Multiple Listing Service, Inc. or by the Hudson Gateway Association of Realtors, Inc. or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.