Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mamaroneck Avenue Mixed-Use Property Title is generated by Realmo AI

    1050 Mamaroneck Ave, Mamaroneck, NY 10543

    View on Map
    Claim this Listing
    For Sale
    $1,249,000

    Versatile mixed-use property in the heart of Mamaroneck Village.

    Property size:
    3,316 SF
    Price / SF:
    $376/SF
    Added:
    Mar 28, 2025
    Days on Market:
    428
    Last Refresh:
    May 27 at 3:47 am

    Property Features for 1050 Mamaroneck Ave

    General Information

    Standard status
    Active
    Size
    3,316 SF

    We can help!

    Listing Contact
    Anthony Saraco Jr.

    Listing agent Anthony Saraco Jr.

    Listing office Houlihan Lawrence Inc.

    Listing date Mar 28, 2025

    Source Exprealty

    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 Houlihan Lawrence Inc.

    HighLights

    • Prime location on Mamaroneck Avenue with exceptional visibility.
    • Versatile mixed‑use property suitable for owner‑users and investors.
    • Flexible ground floor featuring two office/retail spaces totaling 1,720 SqFt, each with private entrances.
    • Two residential apartments on the second floor totaling 1,596 SqFt (2‑bedroom and 1‑bedroom).
    • Multiple opportunities for retail, office, or residential income.
    • Located in the heart of the Village of Mamaroneck.

    Overview

    This mixed-use property is located on Mamaroneck Avenue in the Village of Mamaroneck. It offers opportunities for owner-users and investors. The ground floor includes two office or retail spaces totaling 1,720 square feet. Unit A spans 1,210 square feet, while Unit B offers 363 square feet, with a shared common area of 148 square feet. Each unit has a private entrance, allowing for separate leasing or combined use. The layout is suitable for retail, professional offices, or any business seeking high foot traffic and visibility. The second floor features two residential apartments totaling 1,596 square feet. Unit A is a 1,233-square-foot, 2-bedroom apartment, while Unit B offers a 363-square-foot, 1-bedroom apartment.

    Local Financial Insights For Retail

    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 $115.4k $34.80
    − Vacancy −$15.2k −$4.59
    EGI $100.2k $30.21
    − OpEx −$30.0k −$9.06
    NOI $70.1k $21.14
    3,316 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.00M
    $876.4K – $1.17M (±1% cap)
    NOI $70,115 @ 7.0% cap · market cap 5.61%
    Second Best
    Apartment 5plus
    $812.5K
    $710.9K – $947.9K (±1% cap)
    NOI $56,875 @ 7.0% cap · market cap 4.55%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Pitbull Home Security Security Service Arcuri Alarm Systems ... Security Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mamaroneck
    County
    Westchester
    State
    New York
    Longitude
    -73.7367911
    Latitude
    40.9615273

    Nearby Similar for Sale

    • $875,000

      Mamaroneck Duplex on Corner Lot

      Two-family duplex in Mamaroneck near waterfront and NYC transit.
      903 Howard Avenue, Mamaroneck, NY 10543
      View Details
    • $180,000
      1,300 SF

      Equipped Deli Space in Mamaroneck

      Fully equipped deli in Mamaroneck, ready for new concept.
      626 N Barry Avenue, Mamaroneck, NY 10543
      View Details
    • $2,595,000

      Mamaroneck Multifamily Investment Opportunity

      Five-unit property in Rye Neck School District with income potential.
      638-640 Halstead Ave, Mamaroneck, NY 10543
      View Details
    • $1,050,000
      4,600 SF

      Mamaroneck Flex/Industrial Property For Sale

      Flex/Industrial property featuring 4,600 SF of versatile space.
      603 Fayette Avenue, Mamaroneck, NY 10543
      View Details
    • $700,000

      Mamaroneck Avenue Commercial Space

      Commercial space suitable for business, professional, or retail use.
      135 Mamaroneck Avenue, Mamaroneck, NY 10543
      View Details
    • $695,000
      3,485 SF

      Mamaroneck Industrial Zone Property

      Industrial zone property suitable for workshop, garage, storage, or parking.
      406 Center Ave, Mamaroneck, NY
      View Details
    • Contact for pricing
      8,000 SF

      Freestanding Industrial Property For Rent

      Pristine industrial space with freezers, refrigeration, and updated features.
      432-436 Waverly Ave, Mamaroneck, NY
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use property in the heart of Mamaroneck Village.
    Where is this mixed-use property located?
    The property is located at 1050 Mamaroneck Ave Mamaroneck, NY.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: Prime location on Mamaroneck Avenue with exceptional visibility.; Versatile mixed‑use property suitable for owner‑users and investors.; Flexible ground floor featuring two office/retail spaces totaling 1,720 SqFt, each with private entrances.
    (917) 295-0890
    We can help!
    Listing Contact
    Anthony Saraco Jr.
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1050 Mamaroneck Ave, Mamaroneck, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!