Marvin Ave Brewster, NY
- Apartment buildings
- 0.60 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for Marvin Ave
- Year built
- 1900
- Lot size
- 0.60 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brewster
- County
- Putnam County
- State
- New York
- Longitude
- -73.6112
- Latitude
- 41.3958
