Price Reduced Listing
115 N Barry Avenue,Mamaroneck, NY 10543
Mamaroneck, NY 10543
Description
7-Unit Multifamily Investment - Rye Neck / MamaroneckPositioned in the highly sought-after Rye Neck community, P.O. Mamaroneck, this fully stabilized 7-unit apartment building represents a rare opportunity to acquire a turnkey, income-producing asset in one of Westchester County's most desirable residential corridors. With 100% occupancy and a proven rent roll, this offering is ideally suited for long-term, buy-and-hold investors seeking stable, low-maintenance cash flow in a supply-constrained market.Rye Neck is one of the Sound Shore's most established and enduring residential neighborhoods, prized for its top-rated Rye Neck school district, tree-lined streets, and proximity to Long Island Sound. The property benefits from easy access to Metro-North's New Haven Line, offering a direct commute into Manhattan, close proximity to downtown Mamaroneck's shops, restaurants, and waterfront, a stable, surrounding community that supports consistent rental demand, and limited new multifamily supply in the immediate area, reinforcing pricing power and occupancy stability. Tenants pay for their own gas and electricity-each apt is separately metered.Apt. Count: 7 residential unitsOccupancy: 100% occupiedEffective Gross Income. $147,894Net Operating Income: $81,663Insurance $18,000Cap Rate: 6.4%Total Monthly rent $12,705.68115 N.Barry with 7 apartments,is large enough to generate meaningful cash flow, yet small enough to self-manage or oversee.Ideal for investors prioritizing durable income and gradual appreciation over an extended holding period, in a market with consistently strong underlying fundamentals.
Details
| MLS # | 1034590 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 40 |
| Listing Provided By | Silversons Realty, LLC | Michele Silverman Bedell |
Features
| SQ Feet | 6,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 7 |
| Building(s) | 1 |
| Zoning | 05 |
| Acreage | 0.12 |
| Property View | City |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Appliances | Cooktop, Gas Range, Oven, Refrigerator |
Exterior
| Security Features | Security Lights |
|---|---|
| Construction Materials | Stone |
| Lot Features | Historic District, Level, Near Public Transit, Near School, Near Shops |
| Fencing | Chain Link |
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 675700 |
| Tax Annual Amount | 17731 |
| Tax Lot | 41 |
Area Information
| State | NY |
|---|---|
| County | Westchester County |
| City | Mamaroneck |
| Zip Code | 10543 |
| School District | Rye Neck Senior High School |
| Elementary School | F E Bellows Elementary School |
| High School | Rye Neck Senior High School |
| Listing VS Median (in 10543) | |
Price: $1,200,000 low | high Med: $395,000 sqft: 6,000 low | high Med: 1,150 $ / sqft: $200 low | high Med: $343 On site: 40 low | high Med: 107 | |
Market Activity 10543
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Learn More About This Property
| State | NY |
|---|---|
| County | Westchester County |
| City | Mamaroneck |
| Zip Code | 10543 |
| School District | Rye Neck Senior High School |
| Elementary School | F E Bellows Elementary School |
| High School | Rye Neck Senior High School |
| Listing VS Median (in 10543) | |
Price: $1,200,000 low | high Med: $395,000 sqft: 6,000 low | high Med: 1,150 $ / sqft: $200 low | high Med: $343 On site: 40 low | high Med: 107 | |
