7 Unit Multifamily Investment Rye Neck Mamaroneck Positioned in the highly sought after Rye Neck community, P.


Property

Website:https://www.nestseekers.com/5673830
Address:
Rye Town, NY 10543
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$1,275,000
Annual Taxes:$13,422.59

Description

7-Unit Multifamily Investment – Rye Neck / Mamaroneck Positioned in the highly sought-after Rye Neck community, P.O. Mamaroneck, this fully stabilized 7-unit apartment building represents a rare opportunity to acquire a turnkey, income-producing asset in one of Westchester County's most desirable residential corridors. With 100% occupancy and a proven rent roll, this offering is ideally suited for long-term, buy-and-hold investors seeking stable, low-maintenance cash flow in a supply-constrained market. Rye Neck is one of the Sound Shore's most established and enduring residential neighborhoods, prized for its top-rated Rye Neck school district, tree-lined streets, and proximity to Long Island Sound. The property benefits from easy access to Metro-North's New Haven Line, offering a direct commute into Manhattan, close proximity to downtown Mamaroneck's shops, restaurants, and waterfront, a stable, surrounding community that supports consistent rental demand, and limited new multifamily supply in the immediate area, reinforcing pricing power and occupancy stability. Tenants pay for their own gas and electricity-each apt is separately metered. Apt. Count: 7 residential units Occupancy: 100% occupied Effective Gross Income. $147,894 Net Operating Income: $81,663 Cap Rate: 6.4% 115 N.Barry with 7 apartments,is large enough to generate meaningful cash flow, yet small enough to self-manage or oversee. Ideal for investors prioritizing durable income and gradual appreciation over an extended holding period, in a market with consistently strong underlying fundamentals.

Amenities

  • Accessible Common Area
  • Accessible Entrance
  • Cable Connected
  • City
  • Cooktop
  • Electricity Connected
  • Gas Range
  • Historic District
  • Level
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Oven
  • Refrigerator
  • Security Lights
  • Sewer Connected
  • Trash Collection Public
  • Walk Up
  • Water Connected

Contact

2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Silversons Realty, LLC