Mamaroneck, NY 10543

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.2 Acres

Financials

Price:$2,450,000
Annual Taxes:$20,148
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass Greater NY, LLC

A rare opportunity to own a five unit multifamily property in the Rye Neck School District of Mamaroneck.

Description

A rare opportunity to own a five-unit multifamily property in the Rye Neck School District of Mamaroneck. Set on .24 acres in a C-1 zone, the property offers flexibility with a large parking lot and a spacious backyard that can be used or enhanced over time. Each unit includes a full kitchen, dining area, living room, two bedrooms, a full bath, and a bonus office or den. Three of the units have been updated with modern kitchens and baths with clean finishes. The building also offers basement storage and on-site laundry. With multiple units already in place, the property provides steady rental income and long-term potential. It works well for an investor or for a buyer looking to live in one unit while generating income from the others. Mamaroneck offers a balance of coastal living and everyday convenience, with sumptuous dining, local shops, and an easy 37-minute commute to Grand Central via Metro-North. Harbor Island Park and the Long Island Sound add to the appeal, while Rye Neck Schools are known for strong academics and a close-knit community, helping support long-term demand. Opportunities like this are hard to find in this location.

Amenities

  • Cable Connected
  • Electricity Connected
  • Level
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

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.