Active
818-822 Mamaroneck Avenue
Mamaroneck NY, 10543
$2,250,000
Active
Commercial
Built in 1930
Calling All Investors, Developers & End-Users!!! 100% Occupied 9 Unit Mixed-Use Building On A 12,500 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!!! 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!!! This Property Can Be Bought With The 5,000 Sqft. Lot Next Door For Only $2.7m!!! 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: $33,500 Ann. Total Expenses: $83,300 Ann. Net Operating Income (NOI): $133,000 Ann.
3554055
MLSⓇ ID
May 24, 2024
Listed
August 23, 2024
Updated
Map
818-822 Mamaroneck Avenue
Mamaroneck NY, 10543
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Other Property Details
Taxes
$33,500
Tax Frequency
Annually
Garage
No
View
No
County
Westchester
Municipality
Mamaroneck
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/23/2024 | Price change | $2,250,000 -3% |
6/10/2024 | Price change | $2,300,000 -4% |
Listed by Richard Matt Shane with All Island Estates Realty Corp
Listing Contact: 516-783-5600
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cindy Schwall shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 12:08 PM UTC, 8/23/2024