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Price Reduced Listing
$1,399,000
( $381.82Per Sq Foot )
 $7,510 est/mo Sourced by Back At You

124 Center Avenue,Mamaroneck, NY 10543

Mamaroneck, NY 10543

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Description

Rare FIVE-FAMILY family investment opportunity consisting of two separate buildings with off-street tenant parking and substantial income-growth potential. The 2,052-square-foot front building offers three units: a spacious four-bedroom duplex with 1.5 baths and two additional two-bedroom apartments. The 1,612-square-foot rear building contains two three-bedroom apartments. Current rents are well below market (annual income approx. $135K,) and there are presently no written leases in place, offering flexibility for future rent adjustments, subject to applicable laws and regulations. PROJECTED annual income is approximately $220,000 based on anticipated market rents. Each building is served by one gas boiler, with heat paid by the owner. Every apartment has a separate electric hot-water heater, with electricity paid by the tenant. An excellent value-add opportunity for investors seeking strong cash-flow potential in a desirable Mamaroneck location.

Details

MLS #1011135
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1892
Days On Site34
Listing Provided BySpadaro Real Estate, Ltd. | Lawrence Duignan

Features

SQ Feet3,664
BasementY
Story(s)2
Units5
Building(s)2
Zoning281
Acreage0.11

Interior

CoolingNone
HeatingHot Water, Natural Gas

Exterior

Construction MaterialsVinyl Siding
Lot FeaturesNear Public Transit, Near School, Near Shops

Parking

Parking FeaturesOff Street, Shared Driveway

Utilities

UtilitiesSee Remarks
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value1122000
Tax Annual Amount25900
Tax Lot596

Area Information

StateNY
CountyWestchester County
CityMamaroneck
Zip Code10543
School DistrictMamaroneck High School
Elementary SchoolMamaroneck Avenue
High SchoolMamaroneck High School
Listing VS Median (in 10543)
Price:
$1,399,000
low | high
Med:
$352,500
100% of Average
sqft:
3,664
low | high
Med:
975
100% of Average
$ / sqft:
$382
low | high
Med:
$362
55.198600504119% of Average
On site:
34
low | high
Med:
110.5
30.769230769231% of Average
Sourced by Back At You

Market Activity 10543

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Learn More About This Property

Patrick Casilli

Patrick Casilli

John J Lease REALTORS

 (845) 542-2286patcasilli@johnjleaserealtors.com
StateNY
CountyWestchester County
CityMamaroneck
Zip Code10543
School DistrictMamaroneck High School
Elementary SchoolMamaroneck Avenue
High SchoolMamaroneck High School
Listing VS Median (in 10543)
Price:
$1,399,000
low | high
Med:
$352,500
100% of Average
sqft:
3,664
low | high
Med:
975
100% of Average
$ / sqft:
$382
low | high
Med:
$362
55.198600504119% of Average
On site:
34
low | high
Med:
110.5
30.769230769231% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.49M - $1.748M
sqft: 2,500 - 4,500
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124 Pelham Street Property Photo 1
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207 Grand Street Property Photo 1
$959,000
207 Grand Street
Mamaroneck, NY 10543
Listing Updated: August 15, 2026 at 9:07:23 AM PDT

Patrick Casilli - John J Lease Realtors