Prime Mixed-Use Investment Property in Rye, NY

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Financial Details

Asking Price:
$5,000,000
Annual Revenue:
$400,000
Cash Flow / SDE:
$284,530
Profit Metric:
NOI
Valuation Multiple:
17.6x
Location:
Rye, NY, US
Source:
Date:
September 16, 2025

Key Highlights

Prime corner location in downtown Rye, NY, adjacent to Metro-North Rail Station.
Fully occupied 11-unit mixed-use property with 5 commercial and 6 residential units.
Strong income-producing asset with $400,000 Gross Revenue and $284,530 NOI.

Description

This listing presents a prime mixed-use investment opportunity located in the heart of downtown Rye, New York. Situated on a high-profile corner lot directly adjacent to the Metro-North Rail Station, the property boasts exceptional visibility and convenience. The asset is fully occupied and income-producing, featuring a total of 11 units comprising 5 commercial spaces and 6 residential units. This well-maintained property is described as a turnkey investment in a dynamic and walkable downtown area, benefiting from a high-traffic location. The listing also notes potential for adding a third floor and mentions B-2 zoning. Residential rents are on month-to-month leases and could be increased. The sale includes addresses 84-86 Purchase St & 2,4,6,8 Purdy Ave.

Industry Information

Industry Description:
Mixed-Use Real Estate Investment
Classification:
Other

Real Estate & Lease

Status:
Established
Real Estate Price:
$5,000,000 USD

Broker Contact

Name:
Michael Castellano
Company:
Gilcrest Properties
Phone:
518-621-2944

Listing Details

Listing ID:
1c19da68-cdda-4b18-bd41-157e5c90bfc6
Source Listing ID:
Ad#:2365208
Deal Status:
For Sale
Last Updated:
September 16, 2025
Currency:
USD

Features & Tags

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