Sandra Minter
Call: (646) 423-3732
Text: (646) 423-3732
MLS#1070899
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLMamaroneck
Property Description
DOWNTOWN MAMARONECK MIXED-USE INVESTMENT OPPORTUNITY! An attractive opportunity for investors seeking an income-producing property with significant residential rental upside in Westchester County's desirable Sound Shore market. This three-story mixed-use building combines approximately 2,000 SF of retail space occupied by a long-standing tenant for over 20 years with FIVE income-producing residential apartments. The residential units, currently rented below projected market rates, present an opportunity to enhance rental income as tenancies transition to month-to-month status during 2027. The residential component consists of four two-room studios and one one-bedroom apartment. The apartments feature updated kitchens and bathrooms, while the common hallway has been freshly painted with new carpeting. The building has benefited from numerous recent improvements and updates, enhancing its overall appeal and investment potential. Front-facing apartments on the second and third floors enjoy views of Long Island Sound. Municipal records indicate approximately 4,875 SF of gross floor area, plus additional basement space. Ideally situated along the West Boston Post Road commercial corridor, just one block from Mamaroneck Avenue Business District and directly across from Harbor Island Park. An appealing combination of established income, residential rental upside and a prime downtown location. Pro Forma NOI: $112,270 | Pro Forma Cap Rate: 6.60% | Current NOI: $82,770
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: See Remarks, Unfinished
Cooling: Central Air, Wall/Window Unit(s)
Heating: Hot Water, Natural Gas, See Remarks
Lot Size: 0.07 Acres
Stories: 3.0
Taxes: $22,800
Year Built: 1940
Feature Descriptions
Appliances: Oven, Refrigerator
Building Area Total: 4875
Building Features: Mailbox, Shades/Blinds, Storage, Walk Up
Business Type: Fitness, Residential
Cap Rate: 660
Days on Site: 6
Electric: 120/240 Volts
Exterior: Brick, Stucco
Fencing: Back Yard
Flooring: Combination
Heating Zones: 2
House Faces: South
Inclusions: All appliances in residential units
Lot Features: Back Yard
On Market Date: 2026-11-07
Other Structures: Shed(s)
Parcel Number: 3203-009-000-00013-000-0037
Parking Features: Other, Open
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Security Features: Fire Escape, Security Lights, Smoke Detector(s)
Sewer: Public Sewer
Special View Info: Water
Units: 6
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Waterfront Features: Sound, Waterfront
Local Schools
High School: Mamaroneck High School
Middle School: Hommocks School
Elementary School: Mamaroneck Avenue
School District: Mamaroneck
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Listed By / Shown By
Listing By
Agency Name: Spadaro Real Estate, Ltd.
Agency Phone: 914-698-1017
Shown By
Agent Name: Sandra Minter
Agent Phone: (646) 423-3732
Agency Title: Laffey Real Estate
132 W Boston Post Road W | MLS# 1070899
This commercial property located at 132 W Boston Post Road W, Mamaroneck, NY 10543 is currently listed for sale with an asking price of $1,700,000. W Boston Post Road W is located within the Mamaroneck school district. Search Mamaroneck real estate on sandraminter.laffey.com today.