818-822 Mamaroneck Avenue, Mamaroneck, NY

$2,250,000

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0.29

Acres

About 818-822 Mamaroneck Avenue

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.

Features of 818-822 Mamaroneck Avenue

MLS® # 3554055
Price $2,250,000
Bathrooms 0.00
Acres 0.29
Taxes $33,500
Year Built 1930
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 818-822 Mamaroneck Avenue
City Mamaroneck
County Westchester
State NY
Zip Code 10543
Adult 55+ Community No

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Additional Information

Date Listed May 24th, 2024
Days on Market 139
Zoning C-1
Short Sale No
RE / Bank Owned No

Listing Details

OfficeAll Island Estates Realty Corp

Listing Map

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