Property photos
£3,077,276
US$4,250,000
Property for sale
E Main Street, New York, United States Of AmericaLocal area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
- 9552 SqFt.
- 4.36 Acres
- Built in 1904
- Adult Community: No
- Waterfront: Yes
- Pool: No
- View: No
17-unit lakefront multifamily situated on 4.36 acres with substantial excess land.r-3 Multifamily zoning supports expansion of 30 additional units (buyer to verify)Strong in-place cash flow with $216,064 noi supports acquisition financing.As-is value estimated at $2.7M$3.0M based on current income.Development upside: 30 new units at $1,500/month generate $378,000 incremental noi.Stabilized noi of $594,000 supports $7.9M$8.5M total value at market caps.Flexible execution: Hold for cash flow, phased development, or full build-out.Rare combination of income + lakefront development opportunity in Westchester County
Reference: 36112_FHD1446915
Key Features
9552 SqFt.
4.36 Acres
Built in 1904
Adult Community: No
Waterfront: Yes
Pool: No
View: No Ref: 36112-FHD1446915
Reference: 36112_FHD1446915
Key Features
9552 SqFt.
4.36 Acres
Built in 1904
Adult Community: No
Waterfront: Yes
Pool: No
View: No Ref: 36112-FHD1446915
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Mayfair International Realty
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