Log In/Sign Up
Your email has been sent.
658 Mamaroneck Ave
Mamaroneck, NY 10543
Multifamily Property For Sale
·
6 Units
Investment Highlights
- 8% Cap
- Newly Renovated Exterior
- 50 ft of Frontage on Mamaroneck Ave
- 0.2 Miles away from the Mamaroneck Train Station
Executive Summary
This is a fantastic opportunity for a cash-flowing investment on Mamaroneck Ave, 0.2 miles away from the Mamaroneck Train Station. This 7,460 sf, three-story multifamily property sits on a 0.11-acre lot and is comprised of six fully occupied, 2-bedroom railroad-style apartments. Five units are rent-stabilized, and one is Section 8. The rent stabilized units don't have leases. Each unit is separately metered, and the owner is responsible for taxes, insurance, and water. The current GOI is $$170,736 +/-, with an NOI of $127,637 +/-. The owner has completed major renovations over the last two years, adding new heating systems, painting the exterior, installing a new fire escape, etc.
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | 1031 Exchange | Lot Size | 0.12 AC |
| No. Units | 6 | Building Size | 7,460 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/1990 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,460 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/1990 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
