Downtown Mt Kisco Investment
74 S Moger Avenue Mount Kisco, NY 10549
For Sale
$3,399,000
Pending
Four buildings in downtown Mt Kisco with residential and commercial spaces.
Property Size13,000 SF
Lot Size1.50 Acres
Days on Market635
Property Features for 74 S Moger Avenue
General Information
- Standard status
- Pending
- Size
- 13,000 SF
- Lot size
- 1.50 Acres
- Property subtype
- Commercial/Industrial
Listing Agency:
Coldwell Banker Realty
(914) 447-3396
Listed By:
Justin Pieragostini · License #10401203604
(914) 447-3396
Source:
Exitrealty
Added: Oct 30, 2024
Changed: Jul 10
Last Checked: Jul 26 at 8:39AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $429.0k | $33.00 |
| − Vacancy | −$23.6k | −$1.82 |
| EGI | $405.4k | $31.19 |
| − OpEx | −$182.4k | −$14.03 |
| NOI | $223.0k | $17.15 |
13,000 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.19M
$2.79M – $3.72M
NOI $222,973 @ 7.0% cap · market cap 6.56%
Second Best
Office B
$2.84M
$2.49M – $3.32M
NOI $199,072 @ 7.0% cap · market cap 5.86%
Theoretical Best
Retail
$3.93M
$3.44M – $4.58M
NOI $274,878 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
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.
