Downtown Mt Kisco Investment Portfolio

74 S Moger Avenue, Mount Kisco, NY 10549

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For Sale

$3,399,000

Four buildings in downtown Mt Kisco with residential and commercial spaces.

Type:Commercial/Industrial

Property size:

13,000 SF

Lot size:

1.50 Acres

Price / SF:

$261/SF

Listing Contact

Justin Pieragostini

Real Estate License ID: 10401203604

HighLights

Prime Downtown Mt Kisco Location: Landmark site adjacent to the train station with high foot traffic.
Diverse Income Streams: Portfolio includes 6 residential units and 2 commercial spaces.
Investment Potential: Capitalize on growing demand in a rapidly developing downtown area.
Versatile Commercial Spaces: Two units suitable for retail, office, or service‑based businesses.
Newly Built Private Parking Lot: Added convenience for tenants and customers.
Oversized Barn Garage: Unique feature offering additional storage or workspace.

For Sale

$3,399,000

Four buildings in downtown Mt Kisco with residential and commercial spaces.

Type:Commercial/Industrial

Property size:

13,000 SF

Lot size:

1.50 Acres

Price / SF:

$261/SF

Added:: Oct 29, 2024
Days on Market:: 591
Last Refresh:: May 19 at 9:56 pm

Property Features for 74 S Moger Avenue

General Information

Standard status: Active
Size: 13,000 SF
Lot size: 1.50 Acres
Property subtype: Commercial/Industrial

We can help!

Listing Contact

Justin Pieragostini

Listing agent Justin Pieragostini License #10401203604

Listing office Coldwell Banker Realty

Listing date Oct 29, 2024

Source Exitrealty

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 Coldwell Banker Realty

HighLights

Prime Downtown Mt Kisco Location: Landmark site adjacent to the train station with high foot traffic.
Diverse Income Streams: Portfolio includes 6 residential units and 2 commercial spaces.
Investment Potential: Capitalize on growing demand in a rapidly developing downtown area.
Versatile Commercial Spaces: Two units suitable for retail, office, or service‑based businesses.
Newly Built Private Parking Lot: Added convenience for tenants and customers.
Oversized Barn Garage: Unique feature offering additional storage or workspace.

Overview

This investment portfolio opportunity is located in downtown Mt Kisco and comprises four separate buildings. The landmark site contains six residential units, a large multi-office business space, a detached commercial space, an oversized barn garage, and a newly built private parking lot. The property is situated adjacent to the train station in the heart of downtown. The location provides access to stores, restaurants, and amenities within walking distance. Two commercial units are available for retail, office, or service-based businesses, benefiting from high foot traffic and visibility. The mix of residential and commercial properties provides multiple revenue streams, capitalizing on the demand for housing and business space in a growing downtown area. The property is positioned to attract both residents and businesses, enjoying a vibrant neighborhood atmosphere with local shops, cafes, and cultural attractions. The property size is 13000 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$452.4k	$34.80
− Vacancy	−$59.7k	−$4.59
EGI	$392.7k	$30.21
− OpEx	−$117.8k	−$9.06
NOI	$274.9k	$21.14

13,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.93M

$3.44M – $4.58M (±1% cap)

NOI $274,878 @ 7.0% cap · market cap 8.09%

Second Best

Apartment 5plus

$3.19M

$2.79M – $3.72M (±1% cap)

NOI $222,973 @ 7.0% cap · market cap 6.56%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

Location Insight

Map
Local Demand

City: Mount Kisco
County: Westchester
State: New York
Longitude: -73.7301
Latitude: 41.2061

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For sale
Mixed-use properties
NY
Mount Kisco
10549
74 S Moger Avenue

What type of property is this?

Mixed-use property - Four buildings in downtown Mt Kisco with residential and commercial spaces.

Where is this mixed-use property located?

The property is located at 74 S Moger Avenue Mount Kisco, NY.

What is the asking price?

The asking price for this property is $3,399,000.

What are key features of this property?

This property features: Prime Downtown Mt Kisco Location: Landmark site adjacent to the train station with high foot traffic.; Diverse Income Streams: Portfolio includes 6 residential units and 2 commercial spaces.; Investment Potential: Capitalize on growing demand in a rapidly developing downtown area.