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$1,399,000
1011135 MLS
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.

124 Center Avenue, Mamaroneck
$1,299,000
1021390 MLS
Rare setting to build your dream home on one of Orienta's rare buildable lots! This is an extraordinary opportunity to build a custom residence from the ground up on a fully cleared, level 0.28-acre parcel in one of Westchester's most coveted waterfront neighborhoods. The property sits just steps from a small public beach on Mamaroneck Harbor; the walk from your driveway to the sand can be counted in steps, not blocks, with water views and walking-distance access to Beach Point Club, Orienta Beach Club, and a short drive to downtown Mamaroneck, and the Metro-North station offering 35-minute express service to Grand Central. The prior structure has been fully demolished and the site cleared in preparation for construction. Mature perimeter trees remain in place, providing established privacy, seasonal beauty, and immediate landscape character that raw land simply cannot match, with the existing driveway intact. The level rectangular envelope comfortably supports a substantial custom residence. The location cannot be replicated, and Orienta lots come to market rarely. The seller has done the difficult work of clearing and preparing the site - what remains is your vision. Per local tax consultant the taxes are projected to reduce to approximately $10,529 in April 2027 based on Mamaroneck's 2026 Tentative Assessment Roll. The property offers municipal water and sewer, an existing driveway and mature perimeter trees.

819 The Crescent, Mamaroneck

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.