The Gabe Cortez Team - TGCT
Gabriel Ocasio-Cortez
203-542-9212203-542-9212

506 Piermont Avenue, Piermont, NY 10968 (MLS # 4916527)

Save to Favorites
Print
Share
PRICE $1,850,000
SIZE 6,307 sq ft
LOT SIZE n/a

Piermont Investment Property, Prime Location with good history. Fully leased mixed use property located on Main St. Building is for sale, not the two restaurants (Former Peter Kelly's restaurant, Xaviar's now known as Kitchen and Freelance Cafe & Wine Bar). Building consists of the 2 restaurants w/long term leases: 5 years & two 5 year options; rent on both is $80,000 per year. Three 2 BR apartments w/hwfls on 2nd & 3rd floors fully rented; total rent $4,570/mo. Tenants pay electric, hot water & cooking gas. Owner pays for heat. There are 5 office spaces w/full baths on 2nd floor currently used by owner. Can produce $1,500/mo add'l income or convert to apartments. $18,000/per year. Building was renovated in 2018, all new brick exterior, new windows, & new furnace. Building sqft: 6,307; lot sqft: 4,356. Two restaurants are well established since 1987 with routine clientele. Current owner is second owner.

Login to view Features

SCHOOLS
Login to view Schools

ADDITIONAL DETAILS
Login to view Additional Details


59 Somewhat Walkable

SATELLITE VIEW



 
CONTACT US ABOUT 506 PIERMONT AVENUE
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Gabriel Ocasio-Cortez to contact you even if your name is on a Federal or State "Do not call List".

Listed with Ellis Realty Commercial
HGMLS logo Copyright 2019 Hudson Gateway Multiple Listing Service, Inc. All rights reserved.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Grand Lux Realty, Inc. are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed.
Date Last Updated: 4/21/19 11:45 PM PDT