200 Washington StPeekskill, NY 10566

Property Details for 200 Washington St

Lot size

0.17 AC

Property type

Investment properties

Property subtype

Live-work space

APN

551200 32.12-6-9

APU

551200321269

Description

This exceptional Peekskill, NY investment opportunity presents a beautifully maintained mixed-use building at 200 Washington Street. The property boasts a total of 6,000 square feet across three stories, situated on a 0.174-acre lot (APN: 1200-032-012-00006-000-0009). Built in 1945 and zoned C3, it offers a diverse range of uses, currently including three residential units, a retail storefront, and warehouse storage space. The building is 100% occupied with a net lease in place, offering a 6.00% cap rate and an asking price of $1,200,000. The current lease has one year remaining. On-site parking is available via driveway, lot parking, and off-street options. The property's versatility allows for a variety of permitted uses, including auto sales, business, food services, mixed-use, office, residential, retail, and warehouse. This multi-tenant building presents a strong investment opportunity with significant upside potential due to below-market rents. The property's central Peekskill location ensures high demand and enduring value. Don't miss this chance to acquire a well-established, income-producing asset in a thriving New York market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,312,902

  6.5%

  $1,211,909

  7%

  $1,125,344

• Comparable approach

  Method

  Valuation

  Relative Method

  $942,017

  Geo Method

  $940,752

• Alternative Use

  Use

  Valuation

  Residential

  $1,502,767

  Hospitality

  $1,376,527

  Educational

  $1,145,254

  Medical

  $1,184,641

  Retail

  $1,781,506

Location Insight

City

Peekskill

County

Westchester

State

New York

Latitude

41.2867

Longitude

-73.9253

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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