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Peekskill Mixed-Use Investment Property

939 Central Ave, Peekskill, NY 10566

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For Sale

$950,000

Fully leased mixed-use property with immediate cash flow.

Type:Commercial

Listing Contact

Nicole Mandra

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.
Recent significant improvements including a new roof and updated building systems.
Located in the heart of Peekskill near downtown amenities, transportation, and major roadways (Walker's Paradise score of 93).
Current cap rate of approximately 6.3% with additional upside through contractual rent increases.

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For Sale

$950,000

Fully leased mixed-use property with immediate cash flow.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 8:01 pm

Property Features for 939 Central Ave

General Information

Standard status: Active
Property subtype: Commercial

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Listing Contact

Nicole Mandra

Listing agent Nicole Mandra

Listing office KELLER WILLIAMS REALTY PARTNER

Listing date Apr 24, 2026

Source Elliman

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 KELLER WILLIAMS REALTY PARTNER

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.
Recent significant improvements including a new roof and updated building systems.
Located in the heart of Peekskill near downtown amenities, transportation, and major roadways (Walker's Paradise score of 93).
Current cap rate of approximately 6.3% with additional upside through contractual rent increases.

Overview

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.

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 ... Counselor Eric Berger Alternative Medicine Practice

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City: Peekskill
County: Westchester
State: New York
Longitude: -73.9206869
Latitude: 41.2904426

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For sale
Mixed-use properties
NY
Peekskill
10566
939 Central Ave

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.