Home Details for 939 Central Avenue

Fully leased mixed-use investment property located in the heart of Peekskill. 939 Central Ave consists of three income-producing units, including a ground floor commercial space, a second-floor commercial unit, and a newly renovated two-bedroom apartment on the third floor. The commercial tenant occupies both the first and second floors, providing a strong and stable income stream with annual rent escalations in place. The third-floor residential unit has been recently renovated and offers consistent rental income. The property has undergone significant improvements, including a new roof and updated building systems, resulting in a well-maintained, low-maintenance asset. All units are currently leased, offering immediate cash flow for investors. Current cap rate is approximately 6.3% with additional upside through contractual rent increases. Conveniently located near downtown amenities, transportation, and major roadways. Call today for your private tour.

• Utilities

  • Natural Gas Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

• Cooling Information

  • Central Air

• Heating Information

  • Natural Gas

• Water Features

  • Public

• Basement

  • Crawl Space