360 Mount Pleasant Ave 5,620 SF 59% Leased Retail Building Mamaroneck, NY 10543 $1,900,000 ($338.08/SF) 5.79% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully occupied single story retail building in Downtown Mamaroneck
- Out of the flood zone
EXECUTIVE SUMMARY
Attention Investors! Don't miss this prime commercial retail property at 360 Mount Pleasant Ave in the heart of Mamaroneck, NY. This 5,620-square-foot, single-story building is fully occupied with five tenants, generating steady income. With residential development rights (subject to a special permit), the property offers additional potential for expansion or redevelopment. Ideally located just behind Downtown Mamaroneck’s main shopping corridor and a short walk from the Metro-North train station, this investment opportunity is positioned in a high-demand market.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$136,200
|
$24.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,200
|
$24.23
|
| Taxes |
$14,876
|
$2.65
|
| Operating Expenses |
$9,450
|
$1.68
|
| Total Expenses |
$24,326
|
$4.33
|
| Net Operating Income |
$111,874
|
$19.91
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,620 SF
Building Class
C
Year Built
1920
Price
$1,900,000
Price Per SF
$338.08
Cap Rate
5.79%
NOI
$110,074
Percent Leased
59%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.92
Lot Size
0.14 AC
Zoning
C2 - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cook & Bake Center
- Accommodation and Food Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cook & Bake Center | Accommodation and Food Services | - | - | - |
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3203-009-000-00002-000-0250 | Total Assessment | $790,000 |
| Land Assessment | $440,000 | Annual Taxes | $14,876 ($2.65/SF) |
| Improvements Assessment | $350,000 | Tax Year | 2023 |
