Property profile

Marvin Ave Brewster, NY

OFF-MARKET
Apartment buildings
0.6 ac lot Built 1900
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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

Location

Marvin Ave Brewster, NY
Brewster metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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