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Thomas "Chopper" Russo

chopper@chopperrussoteam.com +1(201) 240-5200

$ 1,700,000

Est. payment | -/mo

3,018 Sqft Lot

Save

$ 1,700,000

Est. payment | -/mo

Save

3,018 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1070899

Rental Info No

Year Built 1940

Annual Tax Amount $22,800

Lot Size 3,018 Sqft

Acres 0.0693

Property Sub-Type Mixed Use

Source onekey2

Property Description

DOWNTOWN MAMARONECK MIXED-USE INVESTMENT OPPORTUNITY! An attractive opportunity for investors seeking an income-producing property with significant residential rental upside in Westchester County's desirable Sound Shore market. This three-story mixed-use building combines approximately 2,000 SF of retail space occupied by a long-standing tenant for over 20 years with FIVE income-producing residential apartments. The residential units, currently rented below projected market rates, present an opportunity to enhance rental income as tenancies transition to month-to-month status during 2027. The residential component consists of four two-room studios and one one-bedroom apartment. The apartments feature updated kitchens and bathrooms, while the common hallway has been freshly painted with new carpeting. The building has benefited from numerous recent improvements and updates, enhancing its overall appeal and investment potential. Front-facing apartments on the second and third floors enjoy views of Long Island Sound. Municipal records indicate approximately 4,875 SF of gross floor area, plus additional basement space. Ideally situated along the West Boston Post Road commercial corridor, just one block from Mamaroneck Avenue Business District and directly across from Harbor Island Park. An appealing combination of established income, residential rental upside and a prime downtown location. Pro Forma NOI: $114,870 | Pro Forma Cap Rate: 6.76% | Current NOI: $82,770

Location

State NY

County Westchester County

Rooms

Basement See Remarks, Unfinished

Interior

Heating Hot Water, Natural Gas, See Remarks

Cooling Central Air, Wall/Window Unit(s)

Flooring Combination

Fireplace No

Appliance Oven, Refrigerator

Exterior

Parking Features Other, Open

Fence Back Yard

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Waterfront Description Sound,Waterfront

View Water

Building

Lot Description Back Yard

Story 3

Foundation Block, Stone

Sewer Public Sewer

Water Public

Structure Type Brick,Stucco

Schools

Elementary Schools Mamaroneck Avenue

Middle Schools Hommocks School

High Schools Mamaroneck

School District Mamaroneck

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Spadaro Real Estate, Ltd. • Lawrence J. Duignan

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Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

132 W Boston Post RD Mamaroneck, NY 10543

Thomas "Chopper" Russo

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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132 W Boston Post RD