Active

816-822 Mamaroneck Avenue

Mamaroneck NY, 10543

$2,700,000


Active

Commercial

Built in 1930

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.

3554070

MLS ID

May 24, 2024

Listed

October 10, 2024

Updated

Map

816-822 Mamaroneck Avenue
Mamaroneck NY, 10543

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.4 Acres

Other Property Details

Taxes

$38,821


Tax Frequency

Annually


Garage

No


View

No


County

Westchester


Municipality

Mamaroneck


Pool

No

Listing History

Date

Event

Price

7/23/2024

Price change

$2,700,000

-4%

6/10/2024

Price change

$2,800,000

433%

6/10/2024

Price change

$525,000

-82%

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 Jenny Jaffe shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:35 PM UTC, 10/10/2024

  

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