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939 Central Avenue, Peekskill, NY 10566

$950,000

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New to the Market

MLS#985666

STATUSActive PROPERTY TYPECommercial - Multiple

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Property Description

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.

939 Central Avenue | MLS# 985666

This commercial property located at 939 Central Avenue, Peekskill, NY 10566 is currently listed for sale with an asking price of $950,000. Search Peekskill real estate on www.laffey.com today.

Property Features

Property Type: Commercial - Multiple

Basement: Crawl Space

Cooling: Central Air

Heating: Natural Gas

Lot Size: 0.03 Acres

Stories: 3.0

Taxes: $14,553

Feature Descriptions

Building Area Total: 2760

Business Type: Retail

Days on Site: 1

Exterior: Brick

Heating Zones: 2

On Market Date: 2026-04-16

Parcel Number: 1200-033-029-00006-000-0012

Parking Total: 0

Rental Term: Monthly

Sewer: Public Sewer

Units: 3

Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Water: Public

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55 Northern Blvd
Greenvale, NY 11548

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939 Central Avenue, Peekskill, NY 10566

Property Description

939 Central Avenue | MLS# 985666

Property Features

Feature Descriptions

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939 Central Avenue, Peekskill, NY 10566

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