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816-822 Mamaroneck Avenue

Mamaroneck, NY 10543
  • $2,700,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 3554070
Price Reduced
$2,700,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1930
County:
Area:

School Ratings & Info

Description

Calling All Investors, Developers & End-Users!!! Protected Development Site On A HUGE 17,500 Sqft. Lot Just Blocks From Metro North For Sale!!! The Property Features Excellent Signage, Great Exposure, 9 Parking Spaces In A Private Lot, .8 FAR, High Ceilings, Strong C-1 Zoning With TOD Overlap, Full Basement, 2 Lots, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Mamaroneck Less Than 3 Blocks From The Mamaroneck Metro North Station!!! As Per The Seller You Can Build 21 Apartments!!! Neighbors Include BMW, Toyota, UPS, Verizon, Webster Bank, Stop & Shop, Optimum, Dunkin', Walgreens, Petco, UFC Gym, Orangetheory Fitness, Mavis Discount Tire, Trader Joe's, Smashburger, Duck Donuts, Chipotle, +++!!! The Sellers Have A Clean Environmental Report From 2021!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt 818A: $28,800 Ann. Lease Exp.: 1/31/25. Apt. 818B: $17,400 Ann. Lease Exp.: 1/31/25. Can Be Delivered Vacant If Need Be. Apt. 1L: $22,800 Ann.; Lease Exp.: 6/30/24. Apt. 1 R: $19,500 Ann.; Lease Exp: 11/1/24. Apt. 2: $30,000 Ann.; Lease Exp.: 11/1/24. Apt. 3: $18,000 Ann.; Lease Exp.: 10/31/24. LL (Commercial): $12,000 Ann.; Lease Exp.: 11/1/24. Acco Cigars: $28,200 Ann.; Lease Exp.: 5/31/28. Jimmy's Pizza: $39,600 Ann.; Lease Exp.: 10/31/28. Gross Income: $216,300 Ann. Expenses: Utilities: $3,500 Ann. Maintenance & Repairs: $2,500 Ann. Insurance: $16,500 Ann. Flood Insurance: $15,000 Ann. Water/Sewer: $1,800 Ann. Management: $9,000 Ann. Supplies: $1,500 Ann. Taxes: $38,821 Ann. Total Expenses: $88,621 Ann. Net Operating Income (NOI): $127,679 Ann.

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-25T00:19:21.58.
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816-822 Mamaroneck Avenue Mamaroneck, NY 10543

  • Price: $2,700,000
  • Status: Active
  • On Site: 61 Days
  • MLS #: 3554070
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1930
Built
Neighborhood:
Mamaroneck
County:
Westchester
Area:
Mamaroneck
Property Description
Calling All Investors, Developers & End-Users!!! Protected Development Site On A HUGE 17,500 Sqft. Lot Just Blocks From Metro North For Sale!!! The Property Features Excellent Signage, Great Exposure, 9 Parking Spaces In A Private Lot, .8 FAR, High Ceilings, Strong C-1 Zoning With TOD Overlap, Full Basement, 2 Lots, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Mamaroneck Less Than 3 Blocks From The Mamaroneck Metro North Station!!! As Per The Seller You Can Build 21 Apartments!!! Neighbors Include BMW, Toyota, UPS, Verizon, Webster Bank, Stop & Shop, Optimum, Dunkin', Walgreens, Petco, UFC Gym, Orangetheory Fitness, Mavis Discount Tire, Trader Joe's, Smashburger, Duck Donuts, Chipotle, +++!!! The Sellers Have A Clean Environmental Report From 2021!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt 818A: $28,800 Ann. Lease Exp.: 1/31/25. Apt. 818B: $17,400 Ann. Lease Exp.: 1/31/25. Can Be Delivered Vacant If Need Be. Apt. 1L: $22,800 Ann.; Lease Exp.: 6/30/24. Apt. 1 R: $19,500 Ann.; Lease Exp: 11/1/24. Apt. 2: $30,000 Ann.; Lease Exp.: 11/1/24. Apt. 3: $18,000 Ann.; Lease Exp.: 10/31/24. LL (Commercial): $12,000 Ann.; Lease Exp.: 11/1/24. Acco Cigars: $28,200 Ann.; Lease Exp.: 5/31/28. Jimmy's Pizza: $39,600 Ann.; Lease Exp.: 10/31/28. Gross Income: $216,300 Ann. Expenses: Utilities: $3,500 Ann. Maintenance & Repairs: $2,500 Ann. Insurance: $16,500 Ann. Flood Insurance: $15,000 Ann. Water/Sewer: $1,800 Ann. Management: $9,000 Ann. Supplies: $1,500 Ann. Taxes: $38,821 Ann. Total Expenses: $88,621 Ann. Net Operating Income (NOI): $127,679 Ann.
Exterior Features

Business Parking Spaces 25 Cross Street New Street Overhead Door 0

Property Features

Business Type Miscellaneous MLSArea Minor 99 Net Operating Income 127679 Operating Expense 88621 Postal City Mamaroneck Property Sub Type Mixed Use Tax Annual Amount 38821 Tax Annual Amount1 38821 Village Mamaroneck Zoning Description C-1

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp: 516-783-5600
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-25T00:19:21.58.
 
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