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    Apartment buildings

    Marvin Ave, Brewster, NY

    0.6 ac lot Built 1900
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Apartment buildings
    Year built 1900
    Lot 0.6 ac (26,136 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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