Location! Income! Development! These 3 adjoining buildings, being sold together for the first time in over 45 years, include 7 established retail businesses, 10 apartment units, and 3 storage sheds. There is a full basement beneath 7 Addison and private parking (27 spots), in addition to municipal and street parking. The s.f. of the basement(s) and storage sheds offers an additional 2960 useable square feet. The buildings are fully occupied with various lease end dates and several long-term tenants. The property is located in the heart of one of Larchmont's retail districts, walking distance to Metro North trains, shops, restaurants, offices, Post Office, schools, and more. Great investment opportunity as well as development potential. Showings are held Thursday - Saturday and must be accompanied.
Heating:
Natural Gas, Hot Water, Steam
Cooling:
Central Air, Wall Unit(s)
Current Use
Mixed Use, Residential, Retail
School District:
Mamaroneck
9-11 Addison Street, Larchmont, (Mamaroneck), NY, 10538
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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