201 Main Street

Beacon, NY 12508

$2,950,000
Commercial / Office

AGENTS

Douglas Elliman
Douglas Elliman
Source of Data:
OneKey MLS

Property Description

Click for NYS Housing Discrimination Disclosure Notice & Form


Nearly half an acre on Beacon's bustling Main Street. 17 income producing residential rental units. 5 commercial retail spaces. As of right, possibility of building a +/- 16,000 sq. ft addition in what is now the rear parking area. All rents are undermarket. Buildings need major renovation in order to raise rents to market levels. This is a long term play for a deep pocket investor who has the vision and the means to unlock this unique property's full potential. Current cap rate is 4.5%. An + 8% cap rate is achievable.
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PROPERTY DETAILS

  • Property Type
    Commercial / Office
  • MONTHLY REAL ESTATE TAX
    $3,399
  • ANNUAL REAL ESTATE TAX
    $40,787
  • MLS/Listing ID
    H6183635

BUILDING/PROPERTY DETAILS

  • Air Conditioning
  • Brick
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Listing Courtesy of Daniel Aubry Realty, LLC - 917-647-6823

Information Copyright 2021, OneKey™ MLS. All Rights Reserved.

LOCATION

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TRAVEL TIMEFROMBeacon
TYPE OF TRANSPORTATION