RE/MAX Benchmark Realty Group
The De Cerbo Team - Gina De Cerbo And Patti BramallPhone: (914) 213-3363
Email: [email protected]

Real estate listing preview #1
listing
1 of 1
CommercialSold
List Price $2,950,000
Sold Price $250,000
201 Main Street
Beacon, NY 12508
Listed by: Daniel Aubry Realty, LLC, 917-647-6823
MLS: OneKey MLS
Est. Mortgage
$15,327/mo

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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Information courtesy of Daniel Aubry Realty, LLC is subject to verification and is not guaranteed.
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