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Development Potential – For Sale

810-822 Mamaroneck Avenue
Mamaroneck, NY
USA
Offered at: $2,500,000
Lot Size: 17,771 Square Feet
Property Type: Commercial
Property Status: Active
Description:

Property provides the developer with a unique opportunity – the ability to collect income from a fully tenanted existing building on the property they are looking to improve. Mitigate your expenses as your complete the development process. Located on Mamaroneck Avenue, in close proximity to both I-95 and Metro North Train Station. Convenient to all Village amenities. Existing plans in the pre-approval stage indicate 16,700 buildable square feet that can be demised into 16 one and two bedroom apartments.

Property Details:

Type of property: Investment / Development
Total Space: Existing 4,500 SF residential

Investment:

  • Total space:​ Call for details
  • Type & number of units: ​Call for details
  • Plot size: ​17,771 square feet
  • Vacancy: 0%
  • Taxes:Approximately $34,000
  • Zoning:​ C-1. This property has just received the T.O.D. designation
  • Cap rate:​ 6% on existing buildings plus develop-able land
  • NOI:​ $115,000

 

 

For More information or to make an appointment please contact us at +1-914-368-0022 and ask for our Commercial Division.

 


 

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