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    Marvin Ave Brewster, NY

    Sponsored
    For Sale
    $699,000

    Two Parcels, Rental Income, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity encompasses two parcels totaling 0.6 acres in Brewster, NY, offering immediate rental income and significant long-term potential. The first parcel, encompassing 52-54 Marvin Ave, includes a two-family property currently generating rental income. While requiring some renovations, this commercially-zoned building presents substantial upside. Also situated on this lot is a single-family Colonial home needing major rehabilitation, offering additional development possibilities. The second parcel, 56 Marvin Ave, features a large workshop with upper-level office space and ample storage. This versatile structure is ideal for a variety of commercial uses, from craft businesses to equipment storage. Both properties benefit from their location near shopping, Metro-North Railroad, and I-684, enhancing their appeal and accessibility. Furthermore, both parcels are included in the Village renewal project, suggesting future growth and value appreciation. This is a cash purchase opportunity, with the possibility of a rehabilitation loan. The combined properties present a rare chance to acquire a multi-faceted commercial investment with immediate returns and substantial future growth prospects.

    Property Features for Marvin Ave

    General Information

    Property type
    Residential income properties
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Brewster
    County
    Putnam County
    State
    New York
    Longitude
    -73.61116
    Latitude
    41.39579

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    FAQs

    What type of property is this?
    Residential income property - Two Parcels, Rental Income, High Potential
    Where is this residential income property located?
    The property is located at Marvin Ave Brewster, NY.
    What is the asking price?
    The asking price for this property is $699,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Marvin Ave Brewster, NY
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