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.
