Nest Seekers

Owner is Motivated and has Authorized a Huge Price Reduction.

Rye Town, NY 10573

Listing

Web ID:5488325
Website:https://www.nestseekers.com/5488325

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 6 BR
Bathrooms: 3
Lot Size: 0.0 Acres

Financials

Price:$735,000
Annual Taxes:$18,819.82

Description

Owner is Motivated and has Authorized a Huge Price Reduction. Prime Mixed-Use Investment Opportunity in the Heart of Port Chester This well-located mixed-use building only 5 minutes away from Greenwich, CT. features two fully occupied residential units generating strong, consistent rental income, with current rents below market value—providing immediate upside potential through future increases. The property also includes a highly versatile ground-floor commercial space offering additional revenue. Formerly a vibrant Italian social club venue, the space is currently operated as a rentable venue for private parties, meetings, and small events. It produces steady supplemental income and represents a valuable built-in revenue stream for investors or owner-users. Notably, most of the bookings have been generated through word-of-mouth alone, with little to no formal advertising. This creates a clear opportunity for growth—by implementing simple marketing strategies such as social media promotion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment. A Simple Sign can be placed outside with a Phone number and type of Bookings available. In addition the room can be set up in a festive mood and encourage possible clients The commercial space features a large open floor plan, kitchen, and half bath—ideal for events or easily adaptable for a wide range of uses, including professional office, medical space, wellness space etc. subject to approvals. With below-market residential rents, an income-producing commercial component, and multiple value-add opportunities through repositioning and marketing, this property presents substantial upside and a compelling investment opportunity.

Amenities

  • Cable Connected
  • Electricity Connected
  • Entrance Foyer
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Trash Collection Public
  • Water Connected
  • Below grade area featuring tile patterned floors, visible vents, and baseboards
  • Kitchen featuring range, decorative backsplash, a sink, freestanding refrigerator, and white cabinets
  • Bathroom with toilet, vanity, tasteful backsplash, shower / tub combo with curtain, and tile patterned flooring
  • View of bedroom
  • Bedroom featuring cooling unit, wood finished floors, crown molding, and a baseboard radiator

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of E Realty International Corp
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