Marvin Ave, Brewster, NY
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.