100 Purchase St Rye, NY 10580-3006
- Banks
- 0.13 lot acres
Current Use by Public Records
- Gfg / Bakery
- Greek From Greece / Greek Restaurant
- gfg café • cuisine / Cafe
Property Details for 100 Purchase St
- Lot size
- 0.13 lot acres
- Property type
- Banks
- APN
- 551400 146-7-1-16
- APU
- 5514001467116
Description
This exceptional mixed-use property presents a compelling investment opportunity in the vibrant city of Rye, NY. Located on Purchase Street, this 6,000 square foot site boasts a highly desirable location, directly adjacent to a municipal lot and across from the Metro-North Railroad Station, ensuring excellent visibility and accessibility. The property currently features a 1,925 square foot building situated on a 30' x 100' lot, with an additional 30' x 100' lot included in the sale, totaling 60' x 100'. The existing structure provides immediate income potential or a platform for redevelopment. The site's zoning allows for a significant increase in building size. Specifically, the Floor Area Ratio (FAR) permits the construction of a three-story building with a total of 12,000 square feet. This presents a unique opportunity to develop a mixed-use building, incorporating retail space on the first floor and office or residential units on the upper two floors. The strategic location, combined with the substantial development potential, makes this property an exceptional investment for both experienced developers and astute investors seeking a high-return opportunity in a thriving market. The seller is highly motivated.
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
- Rye
- County
- Westchester
- State
- New York
- Longitude
- -73.6843
- Latitude
- 40.9851
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
