124 Center Avenue, Mamaroneck, NY 10543

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0 Beds 0 Baths 0 Partial Bath 0.11 Acres

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Property Description

Rare FIVE-FAMILY family investment opportunity consisting of two separate buildings with off-street tenant parking and substantial income-growth potential. The 2,052-square-foot front building offers three units: a spacious four-bedroom duplex with 1.5 baths and two additional two-bedroom apartments. The 1,612-square-foot rear building contains two three-bedroom apartments. Current rents are well below market (annual income approx. $135K,) and there are presently no written leases in place, offering flexibility for future rent adjustments, subject to applicable laws and regulations. PROJECTED annual income is approximately $220,000 based on anticipated market rents. Each building is served by one gas boiler, with heat paid by the owner. Every apartment has a separate electric hot-water heater, with electricity paid by the tenant. An excellent value-add opportunity for investors seeking strong cash-flow potential in a desirable Mamaroneck location.

124 Center Avenue | MLS# 1011135

This commercial property located at 124 Center Avenue, Mamaroneck, NY 10543 is currently listed for sale with an asking price of $1,495,000. Center Avenue is located within the Mamaroneck school district. Search Mamaroneck real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Commercial -

Basement: Bilco Door(s), Unfinished

Basement: Yes

Cooling: None

Heating: Hot Water, Natural Gas

Home Style: Flats

Lot Size: 0.11 Acres

Stories: 2.0

Taxes: $25,900

Year Built: 1892

Feature Descriptions

Building Area Total: 3664

Days on Site: 3

Exterior: Vinyl Siding

Flooring: Combination

Fuel Expense: 7071

Heating Units: 2

Heating Zones: 5

Lot Features: Near Public Transit, Near School, Near Shops

Maintenance Expense: 0

On Market Date: 2026-07-25

Parcel Number: 3203-008-000-00023-000-0596

Parking Features: Off Street, Shared Driveway

Parking Total: 6

Rental Term: Monthly

Seller Concession: Yes

Seller Concession Amount:: 2.00

Separate Electric Meters: 5

Separate Gas Meters: 5

Sewer: Public Sewer

Tenant Pays: Electricity, Gas, See Remarks

Trash Expense: 0

Units: 5

Utilities: See Remarks

Water: Public

Local Schools

High School: Mamaroneck High School

Middle School: Hommocks School

Elementary School: Mamaroneck Avenue

School District: Mamaroneck

Demographics

Listed By / Shown By

Listing By

Agency Name: Spadaro Real Estate, Ltd.
Agency Phone: 914-698-1017

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

124 Center Avenue, Mamaroneck, NY 10543

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/25/2026. The listing information on this page last changed on 07/25/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 07/25/2026 12:00:33 AM EST) or Global MLS (last updated Fri 07/24/2026 11:52:28 PM EST) or New York State Alliance MLS (last updated Fri 07/24/2026 11:59:03 PM EST) or Hudson Valley Catskill Region MLS (last updated Fri 07/24/2026 11:51:15 PM EST) or Berkshire MLS (last updated Fri 07/24/2026 8:13:08 PM EST) or OneKey MLS (last updated Fri 07/24/2026 11:53:28 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Prime Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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124 Center Avenue, Mamaroneck, NY 10543

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Property Description

124 Center Avenue | MLS# 1011135

Gallery

Property Features

Feature Descriptions

Local Schools

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124 Center Avenue, Mamaroneck, NY 10543

Demographics

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124 Center Avenue, Mamaroneck, NY 10543

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