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10468439

215 Lexington Ave, Mount Kisco, NY 10549

GW
REB.0790169
Academic Co-Realty Services
Listed by Academic Co-Realty Services
$2,100,000
1178 days on market
Updated 40 days ago

215 Lexington Avenue

Details
Property Type Mixed Use
Sub Type 1 Multifamily, 2 Retail
Square Footage 3,220
Units 6
Cap Rate 5.71%
NOI $120,000
Tenancy Multi
Price per SqFt $652
Broker Co-Op Yes
Year Built 1920
Buildings 1
Stories 2
Acreage 0.250
Zoning CN
Investment Type Value Add

Mixed Use | 5.71% CAP | 3,220 SF

Marketing description

This is a prime redevelopment opportunity in Mount Kisco, New York. 215 Lexington Avenue currently has 4 residential units and 2 commercial spaces. Projected income and expenses without vacancy yield a net operating income of approximately $111,740. The property also has three townhomes fully approved for the site – site plans, elevations, floor plans, and landscaping plans are available, thus making this property an exceptional value add play. All utilities on site, parking for the new development finished. Very convenient location, at about one-quarter mile from Main Street, bus line, and restaurants, one-half mile to Northern Westchester Hospital, and just over one-half mile to the Mount Kisco Metro North railroad station. About one mile to Saw Mill River Parkway interchange and Mount Kisco Country Club. Major employers of the area include CareMount and Curtis Instruments.

Listing Contacts

GW
REB.0790169
Academic Co-Realty Services
Listed by Academic Co-Realty Services

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

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DSCR
5.71%
Cap Rate
5.71%
ROI

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