$4,000,000
333, 313 & 311 Halstead Avenue
Details
Property Type Mixed Use, Retail
Sub Type Storefront, Mixed Use
Square Footage 20,594
Net Rentable (SqFt) 20,594
Units 11
Cap Rate 3.20%
NOI $126,201
Occupancy 75%
Price Per Acre $6,000,000
Year Renovated 2017
Stories 2
Acreage 0.668
Zoning C-1
Fabulous location in popular Mamaroneck.
Marketing description
Assemblage directly across from the Mamaroneck Metro-North Train Station, C-1 zone, .6 acre, 323 foot street frontage. Relatively flat. Highest and best use is new mixed-use development. Parcels: 333 Halstead Ave (owned), 313 Halstead (owned), and 311 Halstead Ave (76 year village lease). Upper floors would have Mamaroneck Habor and Long Island Sound views.
Investment highlights
Parcels: 311 (76-year Village lease), 313 (Fenimore Plumbing & Others) & 333 (MF & Dentist).
Other successful Mamaroneck developments on half-acre sites provide a clear pathway for valuation
Lot sf 3,341 3,341 1,3547 8,900 29,129 sf
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,201.00
$10,516.75/mo
Valuation Metrics
0
DSCR
3.16%
Cap Rate
3.16%
ROI
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