New Listing - 04/16/2026
939 Central Avenue, Peekskill, NY, 10566
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.
Status:
Active
Type:
Commercial
Units:
3
Heating:
Natural Gas
Cooling:
Central Air
Basement:
Crawl Space
Levels:
3
Acreage:
0.03
Est. Taxes:
$14,553
Assessment
$11,400
Construction
Brick
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
MLS #:
985666
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Keller Williams Realty 914-962-0007