McGrath RealtyCommercial
Division
Back to all property for sale
For SaleMulti FamilyMLS KEY1041015

218 N James Street

Peekskill, NY · Westchester County
Listed by
Compass Greater NY, LLC
Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
5,665 SF
Site
0.26 acres
Price / SF
$309
NOI
$178,920
Year built
1900
Stories
4

The offering

Beautifully restored Victorian seven-family income-producing property in the heart of Peekskill. This impressive three-story multifamily home combines timeless architectural character with extensive modern updates. The interior was fully renovated in 2019, with the exterior also refreshed, offering an attractive, well-maintained investment opportunity. The three-story building features two apartments on each floor, plus an additional basement-level unit with windows, providing a total of seven units. Tenants pay their own utilities, helping maximize the property's income potential. All units are currently on a month-to-month basis, providing flexibility for an investor or owner looking to manage the property strategically.

All apartments are equipped with a video intercom system, and additional storage is available in the basement. Ample off-street parking behind the property is shared by the tenants—an important amenity in a multifamily setting. There is also potential to add laundry facilities, creating an additional opportunity for income and tenant convenience. *Peekskill is a market-rate rental market and is not subject to local rent stabilization. Conveniently located in Peekskill with easy access to Metro-North, shopping, dining, entertainment, parks, and the vibrant downtown area. An excellent opportunity for investors seeking a turnkey multifamily property with additional upside potential.

Building & site

Interest conveyedFee simple
Gross building area5,665 SF
Building typeMulti Family
Property typeMulti Family
Year built1900
Stories4
Land area0.26 acres
Land area, SF11,520 SF
WaterPublic
SewerPublic Sewer
HeatElectric
Tax parcel55120033.22-5-16
Number of buildings1
Electric utilityCon-Edison
Distance to train1 mi

Income & tenancy

Gross income (as reported)
$178,920

Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.

Aerial imagery

The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.

Taxes & assessment

2026 taxes$33,916
Assessed value$27,000
Land assessment$3,000
Full market value$1,139,241
Owner of recordNorth James 7 LLC
School districtPeekskill
Property class411

Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.

Comparable offerings