MLS#1041015
STATUSActive
PROPERTY TYPECommercial -
SCHOOLPeekskill
Property Description
Beautifully restored Victorian seven-family income-producing property in the heart of Peekskill. This impressive three-story multifamily home combines timeless architectural character with extensive modern updates. The interior was fully renovated in 2019, with the exterior also refreshed, offering an attractive, well-maintained investment opportunity. The three-story building features two apartments on each floor, plus an additional basement-level unit with windows, providing a total of seven units. Tenants pay their own utilities, helping maximize the property's income potential. All units are currently on a month-to-month basis, providing flexibility for an investor or owner looking to manage the property strategically.All apartments are equipped with a video intercom system, and additional storage is available in the basement. Ample off-street parking behind the property is shared by the tenants-an important amenity in a multifamily setting. There is also potential to add laundry facilities, creating an additional opportunity for income and tenant convenience. *Peekskill is a market-rate rental market and is not subject to local rent stabilization. Conveniently located in Peekskill with easy access to Metro-North, shopping, dining, entertainment, parks, and the vibrant downtown area. An excellent opportunity for investors seeking a turnkey multifamily property with additional upside potential.
Property Features
Property Type: Commercial -
Basement: Yes
Basement: Common, Partially Finished
Cooling: None
Heating: Electric
Home Style: Mid Rise
Lot Size: 0.26 Acres
Stories: 4.0
Taxes: $33,916
Year Built: 1900
Feature Descriptions
Appliances: Gas Range, Refrigerator, Tankless Water Heater
Building Area Total: 5665
Days on Site: 35
Exterior: Frame
Flooring: Laminate
Fuel Expense: 5277
Included In Taxes: Trash
Maintenance Expense: 10200
Maintenance Expense: 10200
On Market Date: 2026-09-23
Other Expense: 3500
Parcel Number: 1200-033-022-00005-000-0016
Parking Features: Common, Off Street
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Security: yes
Security Features: Fire Sprinkler System, Video Cameras
Separate Electric Meters: 8
Sewer: Public Sewer
Special View Info: City, Neighborhood
Tenant Pays: All Utilities
Units: 7
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Peekskill High School
Middle School: Peekskill Middle School
Elementary School: Hillcrest
School District: Peekskill
Listed By / Shown By
Listing By
Agency Name: Compass Greater NY, LLC
Agency Contact: 914-214-8922
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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218 N James Street | MLS# 1041015
This commercial property located at 218 N James Street, Peekskill, NY 10566 is currently listed for sale with an asking price of $1,750,000. N James Street is located within the Peekskill school district. Search Peekskill real estate on www.coldwellbankerchoice.com today.