Building Details

Building Size 4,100 SF

Year Built 1890

Buildings 1

Units 4

Tenancy Multi

Listing Agency: Real Broker NY LLC b***@joinreal.com Show Phone

Listed By: Shpresa Camaj Show Phone

Source: Croninreale

Added: May 4 Changed: Oct 23 Last Checked: Oct 23 at 4:01PM

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Investment Insights

Based on property information with market context.

This 4,100-square-foot mixed-use property includes two retail spaces, an office and a one-bedroom apartment. Built in 1890, the building received a new roof in December 2024. Tenants pay their own utility costs.

The property is located on Main Street in downtown Peekskill, New York.

Key Highlights

• 4,100 square feet of mixed‑use space
• Two retail spaces, one office and one 1‑bedroom apartment
• New roof installed in December 2024

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,424

Cap Rate

6.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,480 $1.2M

Cap Rate 7%

$848,914 $848.9K

Cap Rate 9%

$660,267 $660.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,100 SF

Gross rent

$123.0K $30.00/SF

− Vacancy

−$27.9K −$6.81/SF

EGI

$95.1K $23.19/SF

− OpEx

−$35.7K −$8.70/SF

NOI

$59.4K $14.49/SF

Area

Westchester County, NY

Vacancy

22.70%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,188,480

Cap Rate 7%

$848,914

Cap Rate 9%

$660,267

Alternative Uses

Best Use

Retail

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,692 @ 7.0% cap · market cap 9.80%

Second Best

Mixed Use

$848.9K

$742.8K – $990.4K (±1% cap)

NOI $59,424 @ 7.0% cap · market cap 6.71%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Botanica Persephone's Pearl Metaphysical Supply Store Papi's Secret Stash (Bike/Boat/Book/etc) Store Nolan's Furnace Masters HVAC Service Damien Semil Law ... Law Firm P&C Painting Painting

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Parking Lot & Garage Electrical Service Locksmith Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,357

Businesses Nearby

52k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 43% Shops & Services 38% Dining 19%

C-Town Supermarkets Groceries

22,362 visits/mo 0.2 miles

Optimum Shops & Services

7,742 visits/mo 0.2 miles

Dunkin' Donuts Dining

5,314 visits/mo 0.1 miles

Sinclair Shops & Services

4,801 visits/mo 0.3 miles

SUBWAY Dining

4,565 visits/mo 0.2 miles

Demographics for 10566, NY

25,384

Population

11,752

Households

2.2

Avg Household Size

40

Median Age

38%

College-Educated

86%

High-School Grad

4.3 sq mi

ZIP Area

5,903

Density / Sq Mi

$91,042

Median Household Income

$49,844

Median Earnings

$1,895

Median Rent

$376,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The layout combines two retail spaces, office space and a one-bedroom apartment.

Where is this mixed-use property located?

The property is located at 1014 Main Street Peekskill, NY.

What is the asking price?

The asking price for this property is $885,000.

What are key features of this property?

This property features: 4,100 square feet of mixed‑use space; Two retail spaces, one office and one 1‑bedroom apartment; New roof installed in December 2024