Prime Mixed-Use Investment Property in Rye, NY
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
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