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120 Madison St 16,748 SF Specialty Building Offered For Sale in Mamaroneck, NY 10543
INVESTMENT HIGHLIGHTS
- Stable, Long-Term Income—Single-Tenant NNN Leased Through 10/31/37
- Ample, On-Site Parking
- Outstanding Demographics
EXECUTIVE SUMMARY
We are pleased to present for sale 120 Madison Street in Mamaroneck, New York. 120 Madison Street is triple net leased to SwimTank through October 31, 2037. The 20-year lease has annual escalations and two 5-year renewal options. The 12,528± SF swimming facility was repurposed in 2017 and contains a competitive length pool (four lanes/25 yards long) equipped with starting blocks plus three additional half lanes (14 yards). The pool can be observed from a large glassed-in viewing room, and there are fully equipped men’s, women’s and family locker rooms.
120 Madison Street is conveniently located within 2 minutes from the center of activity on Mamaroneck Avenue—a “restaurant row” boasting a wide variety of dining options including casual pizza shops like Sal’s Pizza, fast casual concepts like Smashburger, a cozy French bistro, authentic Chinese and many others, as well as upscale shops.
Additionally, the property is also conveniently located within a 2-minute drive from the Mamaroneck Metro-North Train Station, which provides a 39-minute express ride to New York City via its New Haven line, 2 minutes from Interstate 95 and 8 minutes from Interstate 287.
120 Madison Street is conveniently located within 2 minutes from the center of activity on Mamaroneck Avenue—a “restaurant row” boasting a wide variety of dining options including casual pizza shops like Sal’s Pizza, fast casual concepts like Smashburger, a cozy French bistro, authentic Chinese and many others, as well as upscale shops.
Additionally, the property is also conveniently located within a 2-minute drive from the Mamaroneck Metro-North Train Station, which provides a 39-minute express ride to New York City via its New Haven line, 2 minutes from Interstate 95 and 8 minutes from Interstate 287.
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 1.03 AC |
| Property Type | Specialty | Building Size | 16,748 SF |
| Property Subtype | School | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1940/2017 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Lot Size | 1.03 AC |
| Building Size | 16,748 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1940/2017 |
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $945,000 | |
| Land Assessment | $990,000 | Total Assessment | $1,935,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$990,000
Improvements Assessment
$945,000
Total Assessment
$1,935,000
CONTACTS
-
Al Mirin -
Kate Schwartz -
Matthew Torrance -
William Eisenhut -
Cushman & Wakefield
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120 Madison St
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