818-822 Mamaroneck Avenue
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818-822 Mamaroneck Avenue
3 Properties Offered at $3,254,625 CAD in Mamaroneck, NY
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 100% Occupied 9 Unit Mixed-Use Building On A 12,500 Sqft. Lot Just Blocks From Metro North For Sale!!
- The Property Is Located In The Heart Of Mamaroneck Less Than 3 Blocks From The Mamaroneck Metro North Station!!!
- The Property Features Excellent Signage, Great Exposure, 9 Parking Spaces In A Private Lot, .8 FAR, High Ceilings, Strong C-1 Zoning (TOD Overlap),+!,
- Neighbors Include BMW, Toyota, UPS, Verizon, Webster Bank, Stop & Shop, Optimum, Dunkin’, Walgreens, Petco, UFC Gym, Orangetheory Fitness, +++!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 100% Occupied 9 Unit Mixed-Use Building On A 12,500 Sqft. Lot Just Blocks From Metro North For Sale!!! The Property Features Excellent Signage, Great Exposure, 9 Parking Spaces In A Private Lot, .8 FAR, High Ceilings, Strong C-1 Zoning With TOD Overlap, Full Basement, 2 Lots, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Mamaroneck Less Than 3 Blocks From The Mamaroneck Metro North Station!!! Neighbors Include BMW, Toyota, UPS, Verizon, Webster Bank, Stop & Shop, Optimum, Dunkin’, Walgreens, Petco, UFC Gym, Orangetheory Fitness, Mavis Discount Tire, Trader Joe’s, Smashburger, Duck Donuts, Chipotle, +++!!! The Sellers Have A Clean Environmental Report From 2021!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Property Can Be Bought In Addition To The 5,000 Sqft. Lot Next Door For Only $2.7m!!!
Income:
Apt 818A: $28,800 Ann. Lease Exp.: 1/31/25.
Apt. 818B: $17,400 Ann. Lease Exp.: 1/31/25. Can Be Delivered Vacant If Need Be.
Apt. 1L: $22,800 Ann.; Lease Exp.: 6/30/24.
Apt. 1 R: $19,500 Ann.; Lease Exp: 11/1/24.
Apt. 2: $30,000 Ann.; Lease Exp.: 11/1/24.
Apt. 3: $18,000 Ann.; Lease Exp.: 10/31/24.
LL (Commercial): $12,000 Ann.; Lease Exp.: 11/1/24.
Acco Cigars: $28,200 Ann.; Lease Exp.: 5/31/28.
Jimmy’s Pizza: $39,600 Ann.; Lease Exp.: 10/31/28.
Gross Income: $216,300 Ann.
Expenses:
Utilities: $3,500 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $16,500 Ann.
Flood Insurance: $15,000 Ann.
Water/Sewer: $1,800 Ann.
Management: $9,000 Ann.
Supplies: $1,500 Ann.
Taxes: $33,500 Ann.
Total Expenses: $83,300 Ann.
Net Operating Income (NOI): $133,000 Ann.
Income:
Apt 818A: $28,800 Ann. Lease Exp.: 1/31/25.
Apt. 818B: $17,400 Ann. Lease Exp.: 1/31/25. Can Be Delivered Vacant If Need Be.
Apt. 1L: $22,800 Ann.; Lease Exp.: 6/30/24.
Apt. 1 R: $19,500 Ann.; Lease Exp: 11/1/24.
Apt. 2: $30,000 Ann.; Lease Exp.: 11/1/24.
Apt. 3: $18,000 Ann.; Lease Exp.: 10/31/24.
LL (Commercial): $12,000 Ann.; Lease Exp.: 11/1/24.
Acco Cigars: $28,200 Ann.; Lease Exp.: 5/31/28.
Jimmy’s Pizza: $39,600 Ann.; Lease Exp.: 10/31/28.
Gross Income: $216,300 Ann.
Expenses:
Utilities: $3,500 Ann.
Maintenance & Repairs: $2,500 Ann.
Insurance: $16,500 Ann.
Flood Insurance: $15,000 Ann.
Water/Sewer: $1,800 Ann.
Management: $9,000 Ann.
Supplies: $1,500 Ann.
Taxes: $33,500 Ann.
Total Expenses: $83,300 Ann.
Net Operating Income (NOI): $133,000 Ann.
TAXES & OPERATING EXPENSES (ACTUAL - 2023) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$312,878
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$312,878
|
| Taxes |
$48,458
|
| Operating Expenses |
$72,036
|
| Total Expenses |
$120,493
|
| Net Operating Income |
$192,384
|
TAXES & OPERATING EXPENSES (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $312,878 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $312,878 |
| Taxes (CAD) | |
|---|---|
| Annual | $48,458 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $72,036 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $120,493 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $192,384 |
PROPERTY FACTS
| Price | $3,254,625 CAD | Number of Properties | 3 |
| Price / SF | $315.98 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.91% | Total Building Size | 10,300 SF |
| Sale Type | Investment | Total Land Area | 0.39 AC |
| Status | Active |
| Price | $3,254,625 CAD |
| Price / SF | $315.98 CAD / SF |
| Cap Rate | 5.91% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 10,300 SF |
| Total Land Area | 0.39 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 822 Mamaroneck Ave, Mamaroneck, NY 10543 | Retail | 2,300 SF | 1940 | - |
| 820 Mamaroneck Ave, Mamaroneck, NY 10543 | Multifamily | 6,500 SF | 1900 | - |
| 818 Mamaroneck Ave, Mamaroneck, NY 10543 | Multifamily | 1,500 SF | 2010 | - |
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