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