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Larchmont 2412 Boston Post Rd 4 Unit Apartment Building $1,099,000 ($274,750/Unit) 7.80% Cap Rate Larchmont, NY 10538

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INVESTMENT HIGHLIGHTS

  • High traffic area of Larchmont
  • Plenty of street parking
  • Over 21,000 Daily Traffic Car Count
  • Prime Location
  • Highly visible retail location

EXECUTIVE SUMMARY

Prime Location! Amazing opportunity to buy this mixed use property in the sought after area of Larchmont, NY. The property offers Two -2 bedroom apartments and 2 commercial spaces. Over 8.5% Cap Pro-forma, The front 2 bedroom apartment has 2 full baths roughly about 1100 Sqft. The Rear Two bedroom apartment has 1 full bath, about 950 Sqft. Fully renovated. Prime Location, High traffic area of Larchmont. Front office is about 825 Sqft Tennant occupied. The back office is about 975 Sqft with about 825 Sqft finished basement which would be delivered vacant.
Property is located on Highly visible retail location over 20k daily traffic car count. Plenty of street parking Call for more info.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $114,109 $25.36
Other Income - -
Vacancy Loss - -
Effective Gross Income $114,109 $25.36
Net Operating Income - -

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $114,109
Annual Per SF $25.36
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $114,109
Annual Per SF $25.36
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,099,000
Price Per Unit $274,750
Sale Type Investment
Cap Rate 7.80%
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low-Rise
Lot Size 0.08 AC
Building Size 4,500 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1920/2020

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 1 $2,400 975
2+2 1 $2,369 1,100
  • Listing ID: 34468753

  • Date on Market: 1/13/2025

  • Last Updated:

  • Address: 2412 Boston Post Rd, Larchmont, NY 10538

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