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    FOR SALE
    Warehouses

    603 Fayette Ave, Mamaroneck, NY 10543

    4,600 SF 0.11 ac lot Built 1950
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-3243459
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 603 Fayette Avenue in Mamaroneck, New York, presents a compelling investment opportunity. Boasting a substantial 4,600 square feet of space, this building sits on a conveniently sized 0.11-acre lot, offering ample room for operations and potential expansion. The property's industrial zoning allows for a wide range of uses, making it suitable for various businesses seeking a well-located and functional space. Its prime location in Mamaroneck provides easy access to major transportation routes, ensuring efficient logistics and convenient commutes for employees and clients. The asking price of $1,300,000 represents a strong value proposition in the current market, considering the building's size, lot size, and strategic location. This property is ideal for businesses seeking to establish a strong presence in a thriving community. Serious inquiries are encouraged to explore the potential of this versatile industrial space and its significant return on investment. The property is ready for immediate occupancy, allowing for a swift and seamless transition for new owners. Don't miss this chance to acquire a valuable asset in a desirable location. Further details and scheduling of viewings are available upon request.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1950
    Total area 4,600 SF
    Lot 0.11 ac (4,792 SF)
    APN 553203 8-29-231
    UPID US63-3243459
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.09M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $855k
    Owner & transaction history
    184 Rumsey LLC · 2 yrs held
    184 Rumsey LLC
    since 2024
    1 recorded transaction
    2024
    $655,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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