For more information regarding the value of a property, please contact us for a free consultation.
635 Center AVE Mamaroneck, NY 10543
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6263777
Sold Date 10/26/23
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1930
Annual Tax Amount $37,751
Lot Size 0.262 Acres
Acres 0.2618
Property Sub-Type Multi Family
Property Description
635 center avenue - center avenue vacant lot - 631 center avenue auto body shop are being sold together. Come look at this opportunity to have a 5-unit income building with a 3,000 sqft lot for parking commercial trucks and more. Zoning is M-1 Industrial. Great opportunity for contractors looking to get cash flow and park trucks with equipment. Cap rate on the 5 unit building as is currently performing at 6.59%. The 3 lot package has the potential to increase to a cap rate of 12.55% based off $26,000 of market rent income "stabilized pro forma analysis". Leases are currently month to month. Package deal for 635 center avenue, 631 center avenue (auto body shop) and center avenue (vacant lot) properties are being offered at $1,750,000.00. Cash deal only. Vacant lot will be delivered vacant. All 3 lots have a total estimated sqft of 11407. Total taxes for all 3 lots are estimated to be 37751.36 Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Westchester County
Interior
Heating Oil, Radiant
Cooling None, Wall/Window Unit(s)
Fireplace No
Appliance Electric Water Heater
Exterior
Parking Features Parking Lot
Building
Water Public
Schools
School District Mamaroneck
Others
Special Listing Condition Short Sale
Read Less
Bought with Berkshire Hathaway HS NY Prop