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    510-516 W Boston Post Road Mamaroneck, NY 10543

    View on Map
    Pending
    $2,450,000

    SINGLE_FAMILY - Mamaroneck, NY

    Type:Retail
    Lot size:
    0.14 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    290
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 510-516 W Boston Post Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking
    12
    Parking features
    On Street, Parking Lot
    Standard status
    Pending
    APN
    3203-009-000-00015-000-0034
    Lot size
    0.14 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    54394

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air, Baseboard
    Cooling system
    Central Air, Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    5
    Building materials
    Frame

    We can help!

    Listing Contact
    Ryan Paige
    Ryan Paige

    Listing agent Ryan Paige License #10401301918

    Listing office Corcoran Baer & McIntosh 97 S Broadway, Congers, NY

    Listing date Jun 16, 2025

    MLS# H6325887

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mamaroneck Harbor View Retail Property

    This retail property is located in Mamaroneck's Sound Shore community. The property consists of two buildings, totaling 8,342 sq. ft. with five rentable units, offering water views of Mamaroneck Harbor and roadside exposure on Boston Post Road. The property is located across from Mamaroneck Harbor and Park, at the crossroads of a high-income, high-density demographic. The anchor unit is currently rented until 2029. The buildings offer visibility, making them attractive to tenants looking to capitalize on foot and vehicle traffic along Boston Post Road. On-site parking for 12+ cars as well as street parking is available. The buildings generate a rent roll of $297,528 annually. All tenants are on multiple year leases with increases each year. The site also presents a potential development opportunity for residential builders to develop a water-view condominium complex or rental building. The property is located in Westchester County. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mamaroneck Centre — 805 Mamaroneck Ave, Mamaroneck, NY 10543
    • Seaport Plaza — 1202 W Boston Post Rd, Mamaroneck, NY 10543
    • Village Square Shopping Center — 1262 W Boston Post Rd, Larchmont, NY 10538

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7370102
    Latitude
    40.9452787

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    FAQs

    What type of property is this?
    Shopping center - Two-building retail property with harbor views and development potential.
    Where is this shopping center located?
    The property is located at 510-516 W Boston Post Road Mamaroneck, NY.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: Prime location in Mamaroneck's Sound Shore community with incredible water views and excellent roadside exposure.; Strong annual rent roll of $297,528 with future upside potential.; Potential development opportunity for a water‑view condominium complex or rental building.
    (845) 825-4778
    We can help!
    Listing Contact
    Ryan Paige
    Ryan Paige
    Real Estate License ID: 10401301918
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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