Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    603 Fayette Ave Mamaroneck, NY 10543

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,050,000

    Flex/Industrial property featuring 4,600 SF of versatile space.

    Property size:
    4,600 SF
    Lot size:
    0.11 Acres

    Property Features for 603 Fayette Ave

    General Information

    Standard status
    Active
    Size
    4,600 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Miriam Toro
    Source: Exitrealty

    Listing Agency: Berashith Realty Listing Agent: Miriam Toro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mamaroneck Flex/Industrial Property For Sale

    This commercial real estate offering in Mamaroneck, NY, comprises a 4,600 square foot flex/industrial property. The property is suitable for a variety of uses, including flex space, industrial purposes, warehousing, and office space. It can accommodate office units and other commercial real estate ventures.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Danny's Catering, Cook & Bake Center, Lunch With Lou

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7464735
    Latitude
    40.9492954

    Nearby Similar for Sale

    • $2,450,000
      Pending

      Mamaroneck Harbor View Retail Property

      Two-building retail property with harbor views and development potential.
      510-516 W Boston Post Rd, Mamaroneck, NY 10543
      View Details
    • $899,000
      Pending

      Charming Colonial Multi-Family Home

      Renovated Mamaroneck duplex with income potential near amenities.
      1408 Henry Ave, Mamaroneck, NY 10543
      View Details
    • $190,000

      Equipped Deli in Mamaroneck

      Fully equipped deli space in prime Westchester location for sale.
      626 N Barry Ave, Mamaroneck, NY 10543
      View Details
    • $959,000
      Pending

      Grand Street Specialty Property

      Specialty property available for sale in Mamaroneck, NY.
      207 Grand St, Mamaroneck, NY 10543
      View Details
    • $2,655,000
      Pending

      Mamaroneck Multifamily Investment Opportunity

      Multifamily property near train station and business district.
      430 Center Ave, Mamaroneck, NY 10543
      View Details
    • $415,000
      Pending

      Updated Residence in Mamaroneck

      Updated 2-bedroom, 2-bath residence in a desirable location.
      953 W Boston Post Rd, Mamaroneck, NY 10543
      View Details
    • $330,501
      Pending

      Mamaroneck Multifamily Property For Sale

      Multifamily property in Mamaroneck, NY, available for purchase.
      315 Palmer Ter, Mamaroneck, NY 10543
      View Details
    • $415,000
      Pending

      Mamaroneck Co-op with Amenities

      Mamaroneck co-op near Metro-North, waterfront park, and restaurants.
      703 Palmer Ct, Mamaroneck, NY 10543
      View Details
    • $1,249,000

      Mamaroneck Avenue Mixed-Use Opportunity

      Versatile property with retail, office, and residential spaces.
      1050 Mamaroneck Ave, Mamaroneck, NY 10543
      View Details
    • $180,000
      Pending

      Residential Income Property For Sale

      Residential income property available for purchase.
      124 Richbell Rd, Mamaroneck, NY 10543
      View Details
    • Contact for pricing
      Pending

      Mamaroneck Warehouse and Industrial Property

      Two-building property near transit and business district.
      430 Center Ave, Mamaroneck, NY 10543
      View Details
    • $175,000
      Pending

      Mamaroneck Gardens One-Bedroom Apartment

      Bright one-bedroom unit in Mamaroneck Gardens complex.
      106 Richbell Rd, Mamaroneck, NY 10543
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex/Industrial property featuring 4,600 SF of versatile space.
    Where is this flex space located?
    The property is located at 603 Fayette Ave Mamaroneck, NY.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - 4,600 SF of versatile space is ready for your business.; - Flex/Industrial property offering a range of possibilities.; - Built in 1950.
    (718) 409-6258
    Request Owner's contact information
    603 Fayette Ave Mamaroneck, NY 10543
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    603 Fayette Ave
    Mamaroneck, NY 10543
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    603 Fayette Ave Mamaroneck, NY 10543
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Miriam Toro
    Real Estate License ID: 49TO0954360
    (718) 409-6258
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!