Industrial Yard and Workshop
406 Center Ave Mamaroneck, NY 10543
For Sale
Contact for pricing
Industrial-zoned site suitable for a small indoor workshop or outdoor parking for about 20 vehicles.
Property Size3,485 SF
Price / SF$199.43
Days on Market666
Property Features for 406 Center Ave
General Information
Standard status
Active
Size
3,485 SF
Property subtype
RETAIL
Listing Agency:
RM Friedland LLC
(914) 361-4467
Listed By:
John Barrett
Source:
Moodyscre
Added: Oct 2, 2024
Changed: Jul 26
Last Checked: Jul 28 at 3:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RM Friedland LLC
Investment Insights
Based on property information with market context.
The property at 406 Center Ave is a commercially zoned site in an industrial zone. It is described as an ideal location for a single-story workshop, an indoor garage, or storage of approximately 1,320 sf, with the alternative use of an outdoor parking yard for about 20 vehicles.
The property is located in downtown Mamaroneck, and the public remarks note thousands of workers Monday through Saturday.
With its flexible workshop/storage and outdoor parking configuration, this site can accommodate a range of small-scale automotive or storage needs within the stated parameters of the offering.
The property is located in downtown Mamaroneck, and the public remarks note thousands of workers Monday through Saturday.
With its flexible workshop/storage and outdoor parking configuration, this site can accommodate a range of small-scale automotive or storage needs within the stated parameters of the offering.
Key Highlights
- 406 Center Avenue in downtown Mamaroneck
- Located in an industrial zone with thousands of workers Monday through Saturday
- Suitable for a single‑story workshop, indoor garage, or storage of approximately 1,320 SF
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $21.60 |
| − Vacancy | −$4.6k | −$1.32 |
| EGI | $70.7k | $20.28 |
| − OpEx | −$21.2k | −$6.08 |
| NOI | $49.5k | $14.20 |
3,485 SF · lease $21.60/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$921.1K – $1.23M
NOI $73,689 @ 7.0% cap · market cap 10.60%
Second Best
Industrial
$706.8K
$618.5K – $824.7K
NOI $49,479 @ 7.0% cap · market cap 7.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial land - Industrial-zoned site suitable for a small indoor workshop or outdoor parking for about 20 vehicles.
Where is this industrial land located?
The property is located at 406 Center Ave Mamaroneck, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 406 Center Avenue in downtown Mamaroneck; Located in an industrial zone with thousands of workers Monday through Saturday; Suitable for a single‑story workshop, indoor garage, or storage of approximately 1,320 SF
