Three-Building Mixed-Use
For Sale
$2,995,000
1137-1143 E Main Street Shrub Oak, Ny, NY 10588
Fully occupied property combining retail storefronts, apartments, landscaped parcels, and on-site parking.
Property Size7,845 SF
Price / SF$381.77
Days on Market99
Property Features for 1137-1143 E Main Street Shrub Oak
General Information
Standard status
Active
Size
7,845 SF
Total Parking Spaces
43
Zoning
C-2
Occupancy
100%
Net Operating Income
$148,821
Site & Location
Traffic Count
8,000 vehicles/day
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 1BR, 2 x 2BR
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$39,412
Amenities
Unfinished
Yes
Public
43
No
Parking Lot
7845
Building Details
Building Size
7,845 SF
Buildings
3
Stories
2
Tenancy
Multi
Listed By:
Jennifer DiCostanzo
(845) 765-6128
Source:
Town-and-country-fishkill-ny.remax
Added: Jul 9
Changed: Oct 3
Last Checked: Oct 7 at 9:44AM
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 Jennifer DiCostanzo
Investment Insights
Based on property information with market context.
This 7,845-square-foot mixed-use property comprises three buildings with retail and residential components. The commercial occupancy includes a hair salon, ice cream shop, deli, guitar shop, fuel business, and gift shop. Five apartments are included, consisting of three one-bedroom units and two two-bedroom units. The property is zoned C-2 and includes a large parking lot serving the buildings.
Located at 1137-1143 E Main Street in Shrub Oak, the property is near the Taconic State Parkway, bus stops, a library, and schools. Two landscaped parcels add outdoor site improvements, while the reported traffic count is 8,000+ vehicles per day.
Located at 1137-1143 E Main Street in Shrub Oak, the property is near the Taconic State Parkway, bus stops, a library, and schools. Two landscaped parcels add outdoor site improvements, while the reported traffic count is 8,000+ vehicles per day.
Key Highlights
- Three‑building mixed‑use property totaling 7,845 square feet
- Fully occupied with retail and residential components
- Five apartments: 3 one‑bedroom and 2 two‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,059
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,001,180
$5.0M
Cap Rate 7%
$3,572,271
$3.6M
Cap Rate 9%
$2,778,433
$2.8M
Market Conditions
NOI Build-Up for 7,845 SF
Gross rent
$470.7K $60.00/SF
− Vacancy
−$70.6K −$9.00/SF
EGI
$400.1K $51.00/SF
− OpEx
−$150.0K −$19.13/SF
NOI
$250.1K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,001,180
Cap Rate 7%
$3,572,271
Cap Rate 9%
$2,778,433
Alternative Uses
Best Use
Retail
$15.77M
$13.80M – $18.40M
NOI $1,103,984 @ 7.0% cap · market cap 36.86%
Second Best
Mixed Use
$3.57M
$3.13M – $4.17M
NOI $250,059 @ 7.0% cap · market cap 8.35%
Theoretical Best
Specialty Retail
$19.53M
$17.09M – $22.78M
NOI $1,366,913 @ 7.0% cap · market cap 45.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
8,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 10588, NY
2,430
Population
1,172
Households
2.1
Avg Household Size
46
Median Age
52%
College-Educated
88%
High-School Grad
1.6 sq mi
ZIP Area
1,519
Density / Sq Mi
$171,598
Median Household Income
$80,170
Median Earnings
$1,281
Median Rent
$522,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied property combining retail storefronts, apartments, landscaped parcels, and on-site parking.
Where is this mixed-use property located?
The property is located at 1137-1143 E Main Street Shrub Oak Ny, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Three‑building mixed‑use property totaling 7,845 square feet; Fully occupied with retail and residential components; Five apartments: 3 one‑bedroom and 2 two‑bedroom units
