5 Baker St - Apartments FOR SALE


Mohegan Lake, NY 10547
$2,899,999 USD
914-844-2428
5 Baker St, Mohegan Lake, NY for Sale
$2,899,999 USD
Apartments - FOR SALE
1/19
null | 5.89% Cap Rate

5 Baker St
Mohegan Lake, NY 10547


HIGHLIGHTS

  • Located between Cortlandt Town Shopping Center
  • Adjacent to new Shop-Rite and new shopping center
  • Long term tenants
  • Commercial vehicle parking
  • Parking for all tenants
  • owner financing available

OVERVIEW

The newest available investment opportunity in Northern Westchester. These bungalow style apartments are on a sizable lot right in the heart of Mohegan Lake. Located in an extremely desirable location, adjacent to the popular Cortlandt Town Center and newly built Shop-rite shopping center. This property includes 11 residential units, one office with a bathroom and storage, two rent-able garages, parking lot for tenants and commercial vehicles. This whole complex is fully occupied. All roofs, electrical and utilities are recently upgraded as well as most apartments. Existing pro-forma income and expenses yield a total net operating income of $166,000 annually. The total area is 1.3 acres. Demographically this property is located close to local transportation, high level education, employment and income. The list goes on with a great investment opportunity you don't want to miss.

FOR SALE DETAILS

PRICE

$2,899,999 USD

PRICE/SF

$362 USD /SF

# OF UNITS

11

PRICE/UNIT

$263,636

CAP RATE

5.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5-7-9 Baker St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Highway Commercial

APN/PARCEL ID

2289-024-006-00001-000-0017

ASK ABOUT THIS PROPERTY

Valerio SantucciLink NY RealtyMore Info
914-844-2428

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Valerio SantucciLink NY RealtyMore Info
914-844-2428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.