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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1034590
Style Mid Rise
Rental Info No
Year Built 1920
Annual Tax Amount $17,731
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Westchester County
Rooms
Basement Unfinished, Walk-Out Access
Interior
Heating Natural Gas
Cooling None
Flooring Combination, Laminate
Fireplace No
Appliance Cooktop, Gas Range, Oven, Refrigerator
Exterior
Parking Features None
Fence Chain Link
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected
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Building
Lot Description Historic District, Level, Near Public Transit, Near School, Near Shops
Story 2
Sewer Public Sewer
Water Public
Structure Type Stone
Schools
Elementary Schools F E Bellows Elementary School
Middle Schools Rye Neck Middle School
High Schools Rye Neck
School District Rye Neck
Others
Special Listing Condition None
Nearby School & Business
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