203-977-3269
120 Madison St, Mamaroneck, NY for Sale
Schools - FOR SALE
1/15
null | Request Cap Rate

120 Madison St
Mamaroneck, NY 10543


HIGHLIGHTS

  • Stable, Long-Term Income—Single-Tenant NNN Leased Through 10/31/37
  • Outstanding Demographics
  • Ample, On-Site Parking

OVERVIEW

We are pleased to present for sale 120 Madison Street in Mamaroneck, New York. 120 Madison Street is triple net leased to SwimTank through October 31, 2037. The 20-year lease has annual escalations and two 5-year renewal options. The 12,528± SF swimming facility was repurposed in 2017 and contains a competitive length pool (four lanes/25 yards long) equipped with starting blocks plus three additional half lanes (14 yards). The pool can be observed from a large glassed-in viewing room, and there are fully equipped men’s, women’s and family locker rooms. 120 Madison Street is conveniently located within 2 minutes from the center of activity on Mamaroneck Avenue—a “restaurant row” boasting a wide variety of dining options including casual pizza shops like Sal’s Pizza, fast casual concepts like Smashburger, a cozy French bistro, authentic Chinese and many others, as well as upscale shops. Additionally, the property is also conveniently located within a 2-minute drive from the Mamaroneck Metro-North Train Station, which provides a 39-minute express ride to New York City via its New Haven line, 2 minutes from Interstate 95 and 8 minutes from Interstate 287.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

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APN/PARCEL ID

3203-008-000-00032-000-0084,3203-008-000-00032-000-0104,3203-008-000-00032-000-0109,3203-008-000-00032-000-0124

ASK ABOUT THIS PROPERTY

Al MirinCushman & WakefieldMore Info
203-977-3269

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Al MirinCushman & WakefieldMore Info
203-977-3269

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.