Mixed-Use Building with Retail and
84 Purchase St Rye, NY 10580
84 Purchase St, Rye, NY, 10580
$5,750,000
For Sale
$5,750,000
Well-maintained mixed-use building with five commercial spaces and eight residential units, currently fully occupied.
Property Size10,000 SF
Price / SF$575
Days on Market788
Property Features for 84 Purchase St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1890
Listing agency
(518) 505-4811
Listed by
Gilcrest Properties
(518) 505-4811
Source
Xome
Added: May 26, 2024 Updated: Jul 20 at 6:16PM Checked: Jul 21 at 2:59AM
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 Gilcrest Properties
Investment Insights
Based on property information with market context.
This mixed-use property at 84 Purchase St, Rye, NY 10580 offers a total of 13 units, combining 5 commercial spaces with 8 residential units. The building is described as fully occupied and income-producing, presented as a turnkey asset.
The property is located steps from the Metro-North Rail Station, placing it in close proximity to downtown activity and supporting convenient access for tenants and customers.
With both commercial and residential components in one well-maintained building, the offering provides a cohesive income stream with existing occupancy in place.
The property is located steps from the Metro-North Rail Station, placing it in close proximity to downtown activity and supporting convenient access for tenants and customers.
With both commercial and residential components in one well-maintained building, the offering provides a cohesive income stream with existing occupancy in place.
Key Highlights
- 13‑unit mixed‑use building with 5 commercial spaces and 8 residential units, currently fully occupied
- Steps from the Metro‑North Rail Station
- Well‑maintained property with year built 1890
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 | $348.0k | $34.80 |
| − Vacancy | −$45.9k | −$4.59 |
| EGI | $302.1k | $30.21 |
| − OpEx | −$90.6k | −$9.06 |
| NOI | $211.4k | $21.14 |
10,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.02M
$2.64M – $3.52M
NOI $211,445 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$2.45M
$2.14M – $2.86M
NOI $171,518 @ 7.0% cap · market cap 2.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LVIV LLC
Construction Company
LV2BFIT
Clothing & Fashion Store
HealthImpact.
Gym & Fitness Center
HANDYMAN LVIV LLC
Construction Company
Rye
Construction Company
FAQs
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with five commercial spaces and eight residential units, currently fully occupied.
Where is this mixed-use property located?
The property is located at 84 Purchase St Rye, NY.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 13‑unit mixed‑use building with 5 commercial spaces and 8 residential units, currently fully occupied; Steps from the Metro‑North Rail Station; Well‑maintained property with year built 1890
