115 N Barry Avenue, Mamaroneck, NY 10543
- $1,275,000
- List Price
- $1,275,000
- Status
- ACTIVE
- MLS#
- 1034590
- Year Built
- 1920
- Days on Market
- 7
- Style
- Mid Rise
- Acres
- 0.12
- County
- Westchester
- City Orig
- Mamaroneck
- Neighborhood
- Mamaroneck
- Lot Size
- 5364
Property Description
7-Unit Multifamily Investment – Rye Neck / Mamaroneck Positioned in the highly sought-after Rye Neck community, P.O. Mamaroneck, this fully stabilized 7-unit apartment building represents a rare opportunity to acquire a turnkey, income-producing asset in one of Westchester County's most desirable residential corridors. With 100% occupancy and a proven rent roll, this offering is ideally suited for long-term, buy-and-hold investors seeking stable, low-maintenance cash flow in a supply-constrained market. Rye Neck is one of the Sound Shore's most established and enduring residential neighborhoods, prized for its top-rated Rye Neck school district, tree-lined streets, and proximity to Long Island Sound. The property benefits from easy access to Metro-North's New Haven Line, offering a direct commute into Manhattan, close proximity to downtown Mamaroneck's shops, restaurants, and waterfront, a stable, surrounding community that supports consistent rental demand, and limited new multifamily supply in the immediate area, reinforcing pricing power and occupancy stability. Tenants pay for their own gas and electricity-each apt is separately metered. Apt. Count: 7 residential units Occupancy: 100% occupied Effective Gross Income. $147,894 Net Operating Income: $81,663 Insurance $18,000 Cap Rate: 6.4% Total Monthly rent $12,705.68 115 N.Barry with 7 apartments,is large enough to generate meaningful cash flow, yet small enough to self-manage or oversee. Ideal for investors prioritizing durable income and gradual appreciation over an extended holding period, in a market with consistently strong underlying fundamentals.
Additional Information
- Heating
- Natural Gas
- Cooling
- None
- Appliances
- Cooktop, Gas Range, Oven, Refrigerator
- View
- City
- Sewer
- Public Sewer
- Elementary School
- F E Bellows Elementary School
- Middle School
- Rye Neck Middle School
- High School
- Rye Neck Senior High School
- Stories
- 2
- School District
- Rye Neck
- Sq Ft
- 5364
- Taxes
- $17,731
- Parking
- None
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: Michele Silverman Bedell (msilvermanbedell@gmail.com) from Listing Office: Silversons Realty, LLC.
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.