844 Commerce Street

Estimated Monthly Payment: $5,467/mo 844 Commerce Street, Thornwood, NY 10594 MLS# 4727314 Commercial Listing Status: Active
3,600 sqft
Keller Williams Realty Keller Williams Realty Keller Williams Realty Logo 914-437-6100 mobile: 914-804-6300 Download Our Mobile App Contact Me
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REMARKS:

Don't miss this terrific investment opportunity. This income producing property is easily manageable, even for the novice investor!! The parcel includes 2 structures with 3 separate spaces and plenty of parking. Majority of income is residential so taxes are attractively low. Very close to town, shops, and train station. 1) SF HOUSE has 3 bedrooms/2 full baths (approx 1600sf) and collects $3200/month in rent (in 1st of 4 yr lease with 4% annual increase). 2) APARTMENT has 2 beds/2 baths (approx 1000sf) with $2200/month in rent (includes water), and was fully renovated in 2015. Tenant occupancy began Feb 2017 with 1yr lease. 3) RETAIL SPACE is 1000sf and collects $2100/month with 4 yrs remaining on lease. Separate water meters for SF/retail. Store pays 30% of water bill. Commercial space is combustion-free (oil tank and boiler removed), and new electric central air with 2 ton units have been installed in each store and apartment. Tenants pay ALL utilities.

OVERVIEW:

Commercial
Active
1964
3600
4+ Car Attached, Driveway, Off-Street Parking
Central, Window Units
Energy Star Unit(s), Forced Air, Hot Water
Electric, Oil Above Ground
Municipal

SCHOOLS:

Mount Pleasant

FINANCIAL:

$875,000
$17,724
2017

NEIGHBORHOOD & SCHOOL INFORMATION:

 Courtesy of Keller Williams NY Realty

 

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This listing has been updated as of 07/20/2017.