6-Unit Apartment
1 Parker Dr, Mahopac, NY 10541
For Sale
$1,649,000
Individual entrances and basement storage provide separation and dedicated space for residents.
Property Size5,985 SF
Days on Market50
Property Features for 1 Parker Dr
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Amenities
wraparound porch
storage area
shed access
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
William Raveis Real Estate
Listed By:
Katherine Bellantoni · License NY RES.0826086
(914) 804-1775
Source:
Elliman
Added: Sep 26
Changed: Nov 4
Last Checked: Nov 12 at 9:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of William Raveis Real Estate
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Investment Insights
Based on property information with market context.
This 6-unit apartment building, constructed in 1911, contains two 1-bedroom apartments, three 2-bedroom apartments and one 3-bedroom apartment. The 3-bedroom unit includes laundry. Individual entrances serve the apartments, and each unit has dedicated basement storage as well as access to a shed. A wraparound porch is part of the building’s entry configuration.
All six apartments are occupied. The property is on Parker Drive in Mahopac, in a residential area described as being near the Westchester County border.
All six apartments are occupied. The property is on Parker Drive in Mahopac, in a residential area described as being near the Westchester County border.
Key Highlights
- Six occupied apartments: two 1‑bedroom, three 2‑bedroom and one 3‑bedroom unit
- Built in 1911
- Individual entrances and a wraparound porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,300
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,926,000
$2.9M
Cap Rate 7%
$2,090,000
$2.1M
Cap Rate 9%
$1,625,556
$1.6M
Market Conditions
NOI Build-Up for 5,985 SF
Gross rent
$276.5K $46.20/SF
− Vacancy
−$10.5K −$1.76/SF
EGI
$266.0K $44.44/SF
− OpEx
−$119.7K −$20.00/SF
NOI
$146.3K $24.44/SF
Area
Putnam County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,926,000
Cap Rate 7%
$2,090,000
Cap Rate 9%
$1,625,556
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,300 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.96M
$3.46M – $4.62M
NOI $277,001 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 10541, NY
25,651
Population
9,614
Households
2.7
Avg Household Size
43
Median Age
43%
College-Educated
93%
High-School Grad
24.8 sq mi
ZIP Area
1,034
Density / Sq Mi
$133,929
Median Household Income
$58,450
Median Earnings
$1,967
Median Rent
$472,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Individual entrances and basement storage provide separation and dedicated space for residents.
Where is this apartment building located?
The property is located at 1 Parker Dr Mahopac, NY.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: Six occupied apartments: two 1‑bedroom, three 2‑bedroom and one 3‑bedroom unit; Built in 1911; Individual entrances and a wraparound porch
