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690 Mamaroneck Ave
Mamaroneck, NY 10543
Grand Street Lofts · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Newer Vintage Construction in Supply-Constrained Market
- Premier Downtown Mamaroneck Location
- Embedded Rental Upside
Executive Summary
We are pleased to present for sale Grand Street Lofts, a 21-unit luxury multifamily property with fully leased ground-floor retail located in the heart of Mamaroneck, New York.
Completed in 2019, the Property features a mix of modern one- and two-bedroom residences with high-end finishes including stone countertops, stainless steel appliances, in-unit washer/dryers, oversized windows, and keyless entry. Residents benefit from an attractive amenity package including a rooftop terrace with a BBQ grill and fire pit, fitness studio, covered parking, package lockers, bike storage, and common area Wi-Fi.
Grand Street Lofts offers investors the opportunity to acquire a newer vintage multifamily asset with embedded rental upside in one of Westchester County’s most supply-constrained rental markets. Current in-place rents remain below comparable luxury properties in Mamaroneck and neighboring communities, providing a clear path for future revenue growth through continued mark-to-market opportunities and operational optimization.
Ideally located in downtown Mamaroneck, the Property is walkable to restaurants, shopping, and Metro-North rail service to Manhattan, while also offering immediate access to I-95 and the Hutchinson River Parkway. Supported by affluent demographics, strong commuter connectivity, and virtually no new competing supply, Grand Street Lofts is exceptionally well-positioned to benefit from continued strength in the lower Westchester multifamily market.
Completed in 2019, the Property features a mix of modern one- and two-bedroom residences with high-end finishes including stone countertops, stainless steel appliances, in-unit washer/dryers, oversized windows, and keyless entry. Residents benefit from an attractive amenity package including a rooftop terrace with a BBQ grill and fire pit, fitness studio, covered parking, package lockers, bike storage, and common area Wi-Fi.
Grand Street Lofts offers investors the opportunity to acquire a newer vintage multifamily asset with embedded rental upside in one of Westchester County’s most supply-constrained rental markets. Current in-place rents remain below comparable luxury properties in Mamaroneck and neighboring communities, providing a clear path for future revenue growth through continued mark-to-market opportunities and operational optimization.
Ideally located in downtown Mamaroneck, the Property is walkable to restaurants, shopping, and Metro-North rail service to Manhattan, while also offering immediate access to I-95 and the Hutchinson River Parkway. Supported by affluent demographics, strong commuter connectivity, and virtually no new competing supply, Grand Street Lofts is exceptionally well-positioned to benefit from continued strength in the lower Westchester multifamily market.
Property Facts
| Sale Type | Investment | Lot Size | 0.47 AC |
| No. Units | 21 | Building Size | 26,550 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2019 |
| Building Class | A | Parking Ratio | 1.21/1,000 SF |
| Zoning | C-1 | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.47 AC |
| Building Size | 26,550 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2019 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | C-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 770 - 790 |
| 2+2 | 12 | - | 1,040 - 1,170 |
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