201 Main Street­
Beacon, NY 12508 United States

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Source of Data:
OneKey MLS
Price:
$2,950,000
Property Type:
Commercial / Office­
MONTHLY REAL ESTATE TAX:
$3,399
ANNUAL REAL ESTATE TAX:
$40,787
Listing ID:
16_H6183635
MLS/Listing ID:
H6183635­
Schools:
Beacon City
features
cooling
Air Conditioning
Construction Type
Brick
Source of Data:
Daniel Aubry Realty, LLC - 917-647-6823

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.

Additional Information

Monthly Real Estate Tax:
3398.92
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Douglas Elliman­