Port Chester, NY 10573,137 Willett AVE
Port Chester, NY 10573,137 Willett AVE
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$ 3,033,333
Est. payment | /mo

2,988 Sqft Lot


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$ 3,033,333
Est. payment | /mo
Save

2,988 Sqft Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID 932055

Rental Info No

Year Built 1900

Annual Tax Amount $51,288

Lot Size 2,988 Sqft

Acres 0.0686

Property Sub-Type Multi Family

Source onekey2

Property Description

Prime Investment Opportunity!
Multi-Use Commercial & Residential Property
135-139 Willett's Ave, Port Chester, NY 10574
A Rare Ten-Unit Portfolio in Thriving Port Chester
Seize a chance to own a fully-occupied, high-yield mixed-use building in the dynamic "Coolchester" market. Located in the heart of downtown, this property offers a diverse income stream from both residential and established retail tenants.
Investment Highlights
* Exceptional Annual Income: Generating a substantial \text{\$245,000} in total annual gross income.
* Ideal Unit Mix: A secure blend of residential and commercial tenants:
* 8 Residential Units: All highly-desirable one-bedroom apartments.
* 2 Ground-Floor Retail Stores: Providing consistent commercial income.
* Strong Cash Flow Potential: The robust current income and in-demand unit sizes (1BR apartments) provide an excellent foundation for immediate cash flow and future rent growth.
Premier Location: Downtown Port Chester
Port Chester is a vibrant, high-demand area often referred to as the "Brooklyn of Westchester County" for its rapid development, culinary scene, and cultural attractions.
| Steps from Metro-North Train Station | High demand from NYC commuters. |
| Walkable to The Capitol Theatre | Attracts residents seeking entertainment and nightlife. |
| Surrounded by New Residential Developments | Indicates strong local investment and future property value growth. |
| Access to I-95 & I-287 | Easy connectivity to Westchester County, NYC, and Connecticut. |
Property Features
This well-maintained building ensures ease of management and lower capital expenditure for the new owner.
* Mixed-Use Zoning: Flexibility for future use and high marketability.
* Residential Units: In-demand one-bedroom layouts, appealing to renters who are flocking to the area.
* Retail Presence: Established commercial storefronts drive foot traffic and stability to the income.
* Rye Brook/Port Chester Neighborhood: A desirable area with average 1-bedroom rents estimated around $2,400} -$3,000per month, indicating strong rental market support.
This is more than a building; it's a strategically positioned financial asset ready to deliver immediate returns.
Don't miss this opportunity to acquire a gem in one of Westchester's hottest markets!
This well-maintained building ensures ease of management and lower capital expenditure for the new owner.

Location

State NY

County Westchester County

Rooms

Basement Unfinished

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features On Street, Open

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

High Schools Port Chester-Rye

School District Port Chester-Rye

Others

Special Listing Condition None

Listed by Compass Greater NY, LLC • Gena Didonato
Tolga (Tony) Erzene

+1(973) 626-0175

tony@notcityliving.com

Sparta & Warwick Offices

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137 Willett AVE