132 W Boston Post Road W, Mamaroneck, NY 10543

Property Description

DOWNTOWN MAMARONECK MIXED-USE INVESTMENT OPPORTUNITY! An attractive opportunity for investors seeking an income-producing property with significant residential rental upside in Westchester County's desirable Sound Shore market. This three-story mixed-use building combines approximately 2,000 SF of retail space occupied by a long-standing tenant for over 20 years with FIVE income-producing residential apartments. The residential units, currently rented below projected market rates, present an opportunity to enhance rental income as tenancies transition to month-to-month status during 2027. The residential component consists of four two-room studios and one one-bedroom apartment. The apartments feature updated kitchens and bathrooms, while the common hallway has been freshly painted with new carpeting. The building has benefited from numerous recent improvements and updates, enhancing its overall appeal and investment potential. Front-facing apartments on the second and third floors enjoy views of Long Island Sound. Municipal records indicate approximately 4,875 SF of gross floor area, plus additional basement space. Ideally situated along the West Boston Post Road commercial corridor, just one block from Mamaroneck Avenue Business District and directly across from Harbor Island Park. An appealing combination of established income, residential rental upside and a prime downtown location. Pro Forma NOI: $114,870 | Pro Forma Cap Rate: 6.76% | Current NOI: $82,770