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For SaleMulti FamilyMLS KEY1031923

629 South Street

Peekskill, NY · Westchester County
Listed by
eRealty Advisors, Inc
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
2,444 SF
Site
0.06 acres
Price / SF
$409
Going-in cap
8.00%
NOI
$92,602
Year built
1892
Stories
3

The offering

RARE Downtown Peekskill Investor Gem — Just steps from vibrant Downtown, this high-performing, well-maintained 3-unit mixed-use building offers TWO oversized, sun-drenched 3-bedroom apartments with huge rental demand PLUS a prime high-visibility commercial storefront delivering powerful triple income and outstanding cash flow, perfectly situated in a walk-everywhere location minutes to Metro-North (1 hr to NYC), top restaurants, breweries, galleries, shops, and the stunning Peekskill Waterfront & Riverfront Green Park — ideal for savvy investors or as the ultimate house-hack where you live in one unit while the other two pay your mortgage, this unbeatable unit mix in booming Hudson Valley's hottest market will not last!

Building & site

Interest conveyedFee simple
Gross building area2,444 SF
Building typeMulti Family
Property typeMulti Family
Year built1892
Stories3
Land area0.06 acres
Land area, SF2,567 SF
WaterPublic
SewerPublic Sewer
HeatBaseboard
Tax parcel55120032.12-6-23
Electric utilityCon-Edison

Income & tenancy

Gross income (as reported)
$92,602
Going-in cap
8.00%

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

2025 taxes$17,627
Assessed value$13,000
Land assessment$2,730
Full market value$548,523
Owner of recordLebrecht, Malkie
School districtPeekskill
Property class482

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

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