Peekskill Mixed-Use Investment
939 Central Ave Peekskill, NY 10566
For Sale
$950,000
Pending
Fully leased mixed-use property with immediate cash flow.
Days on Market95
Property Features for 939 Central Ave
General Information
- Standard status
- Pending
- Property subtype
- Commercial
Listing Agency:
ERA Insite Realty Services
(914) 382-0742
Listed By:
Nicole Mandra
(914) 382-0742
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 7:40AM
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 ERA Insite Realty Services
Investment Insights
Based on property information with market context.
This fully leased mixed-use investment property is located in the heart of Peekskill. The property at 939 Central Ave consists of three income-producing units: a ground floor commercial space, a second-floor commercial unit, and a newly renovated two-bedroom apartment on the third floor. The commercial tenant occupies both the first and second floors, providing a strong and stable income stream with annual rent escalations in place. The third-floor residential unit has been recently renovated and offers consistent rental income. Significant improvements have been made to the property, including a new roof and updated building systems, resulting in a well-maintained, low-maintenance asset. All units are currently leased, offering immediate cash flow for investors. The current cap rate is approximately 6.3% with additional upside through contractual rent increases. The location is convenient to downtown amenities, transportation, and major roadways. The property has a walk score of 93, indicating it is a walker's paradise. The bike score is 44, meaning it is somewhat bikeable, and the transit score is 41, indicating some transit options are available.
Key Highlights
- Fully leased mixed‑use property providing immediate cash flow.
- Strong, stable income stream from commercial tenant with annual rent escalations.
- Newly renovated two‑bedroom apartment on the third floor.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michael J. Cherchia, ...
Physician
Wellness Central
Gym & Fitness Center
L A Monroe Hair ...
Hair Salon
Peekskill Behavioral Counseling ...
Doctor
Eric Berger
Alternative Medicine Practice
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use property with immediate cash flow.
Where is this mixed-use property located?
The property is located at 939 Central Ave Peekskill, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully leased mixed‑use property providing immediate cash flow.; Strong, stable income stream from commercial tenant with annual rent escalations.; Newly renovated two‑bedroom apartment on the third floor.
