About 939 Central Avenue
Fully leased mixed-use investment property located in the heart of Peekskill. 939 Central Ave consists of three income-producing units, including a ground floor commercial space, a second-floor commercial unit, and a newly renovated two-bedroom apartment on the third floor. The commercial tenant occupies both the first and second floors, providing a strong and stable income stream with annual rent escalations in place. The third-floor residential unit has been recently renovated and offers consistent rental income. The property has undergone significant improvements, including a new roof and updated building systems, resulting in a well-maintained, low-maintenance asset. All units are currently leased, offering immediate cash flow for investors. Current cap rate is approximately 6.3% with additional upside through contractual rent increases. Conveniently located near downtown amenities, transportation, and major roadways. Call today for your private tour.
Features of 939 Central Avenue
| MLS® # | 985666 |
|---|---|
| Price | $950,000 |
| Sold Price | $925,000 |
| Date Sold | July 20th, 2026 |
| Square Footage | 2,760 |
| Acres | 0.03 |
| Taxes | $14,553 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Closed |
Community Information
| Address | 939 Central Avenue |
|---|---|
| City | Peekskill |
| County | Westchester County |
| State | NY |
| Zip Code | 10566 |
| Adult 55+ Community | No |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Central Air |
| Has Basement | Yes |
| Basement | Crawl Space |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Date Listed | April 14th, 2026 |
|---|---|
| Days on Market | 139 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Partner |
|---|