NY
Westchester
Mamaroneck
10543
124 Center Avenue
124 Center Avenue, Mamaroneck, NY 10543
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Listing Type
Commercial/Industrial
Listing Status
Coming Soon
33
$1,495,000

Home Details for 124 Center Avenue

Price
$1,495,000
Type
Commercial Sale
Year built
1892
Lot size acres
0.11
County
Westchester
Basement
Unfinished
MLS Listing#
1011135
Property Description

Rare FIVE-FAMILY family investment opportunity consisting of two separate buildings with off-street tenant parking and substantial income-growth potential. The 2,052-square-foot front building offers three units: a spacious four-bedroom duplex with 1.5 baths and two additional two-bedroom apartments. The 1,612-square-foot rear building contains two three-bedroom apartments. Current rents are well below market (annual income approx. $135K,) and there are presently no written leases in place, offering flexibility for future rent adjustments, subject to applicable laws and regulations. PROJECTED annual income is approximately $220,000 based on anticipated market rents. Each building is served by one gas boiler, with heat paid by the owner. Every apartment has a separate electric hot-water heater, with electricity paid by the tenant. An excellent value-add opportunity for investors seeking strong cash-flow potential in a desirable Mamaroneck location.

Property Features
  • Heating Information
    • Hot Water
    • Natural Gas
  • Parking
    • Off Street
    • Shared Driveway
  • Cooling Information
    • None
  • Water Features
    • Public
  • Utilities
    • See Remarks
  • Basement
    • Unfinished
School Information
School Information for 124 Center Avenue, Mamaroneck, NY 10543
Elementary School
Mamaroneck Avenue
Middle School
Hommocks School
High School
Mamaroneck High School
Listing Courtesy: Spadaro Real Estate, Ltd. - 914-698-1017
Presented by: Lawrence Duignan
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 OneKey MLS. All Rights Reserved
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EXIT REALTY PRIVATE CLIENT
75 South Broadway, Suite 430, White Plains, NY 10601
Office
914 222 1000
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