Mamaroneck, NY 10538

Property

Ownership: For Sale
Type: mixed-use
Pets: Pets No

Financials

Price:$1,099,000
Annual Taxes:$18,108
505 Park Ave, New York, NY 10022
Listing Courtesy of Comres Realty Group LLC

Description

Exceptional Mixed-Use Investment Opportunity in Prime Larchmont, NY Now available in one of Westchester’s most desirable and high-traffic corridors—this fully renovated mixed-use property offers both immediate income and long-term growth potential. Located in the heart of Larchmont, this asset presents a rare opportunity to own in a premier retail and residential market with over 20,000 vehicles passing daily. Key Highlights: Current Cap Rate: 7% Pro Forma Cap Rate: Over 8.5% Unit Mix: (2) Spacious Two-Bedroom Residential Units Front Unit: Approx. 1,100 sq ft 2 Bedroom with 2 full bathrooms, Rear Unit: Approx. 950 sq ft 1 bedroom with 1 full bathroom, (2) Ground-Level Commercial Units Front Office: Approx. 825 sq ft – currently tenant-occupied Rear Office: Approx. 975 sq ft + 825 sq ft finished basement – will be delivered vacant Additional Features: Fully renovated throughout with modern finishes Excellent visibility and signage potential Located in a high-demand retail corridor with ample street parking Walking distance to shops, transportation, and community amenities This is a turn-key investment offering stable cash flow and strong upside. Ideal for investors or owner-users seeking a premier Larchmont address. Contact us today for full financials or to schedule a private showing.

Amenities

  • Dishwasher
  • Dryer
  • Gas Water Heater
  • Microwave
  • Natural Gas Connected
  • Refrigerator
  • Sewer Connected
  • Stainless Steel Appliance(s)
  • Trash Collection Public
  • Washer
  • Water Available

Exceptional Mixed Use Investment Opportunity in Prime Larchmont, NY Now available in one of Westchester s most desirable and high traffic corridors this fully renovated mixed use property offers both ...

View of front of home with cooling unit

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.