Mixed-Use Corner Property with
126 WINDERMERE AVE Greenwood Lake, NY 10925
126 WINDERMERE AVE, Greenwood Lake, NY, 10925
$879,000
For Sale
$879,000
Four-unit mixed-use building includes a large renovated street-level retail space, day spa, and updated apartments.
Property Size3,174 SF
Price / SF$276.94
Days on Market470
Property Features for 126 WINDERMERE AVE
General Information
- Standard status
- Active
- Size
- 3,174 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1986
Listing agency
(201) 522-1912
Listed by
Rand Commercial
(201) 522-1912
Source
Xome
Added: Apr 9, 2025 Updated: Jul 22 at 11:00AM Checked: Jul 22 at 11:00AM
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 Rand Commercial
Investment Insights
Based on property information with market context.
Four-unit mixed-use corner property in the Village of Greenwood Lake offering a large, recently renovated street-level commercial space (former retail/bagel store), a day spa, and two updated apartments. The day spa and apartments are described as fully rented, with separate tenant-paid utilities.
The property features private parking in the rear and side (approximately 14 spaces). It is serviced by natural gas, municipal water, and septic, and sits on a highly visible main street location with approximately 3,460 cars passing per day.
The large retail space is described as approximately 1,800 square feet and is available, with the reported potential to reopen quickly as a bagel store. The business assets and equipment are also indicated as available to purchase separately.
The property features private parking in the rear and side (approximately 14 spaces). It is serviced by natural gas, municipal water, and septic, and sits on a highly visible main street location with approximately 3,460 cars passing per day.
The large retail space is described as approximately 1,800 square feet and is available, with the reported potential to reopen quickly as a bagel store. The business assets and equipment are also indicated as available to purchase separately.
Key Highlights
- Four‑unit mixed‑use building in the Village of Greenwood Lake with street‑level retail, a day spa, and 2 updated apartments
- Large renovated street‑level commercial space (former retail/bagel store) offers about 1,800 SF and is available for user occupancy
- Fully rented day spa and the two apartments; separate tenant‑paid utilities
Local Financial Insights For Multifamily LT 5
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 | $93.3k | $29.40 |
| − Vacancy | −$3.2k | −$1.01 |
| EGI | $90.1k | $28.39 |
| − OpEx | −$27.0k | −$8.52 |
| NOI | $63.1k | $19.88 |
3,174 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$901.2K
$788.6K – $1.05M
NOI $63,087 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$848.2K
$742.1K – $989.5K
NOI $59,371 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$1.08M
$940.6K – $1.25M
NOI $75,250 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Planet Pizza
Restaurant
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four-unit mixed-use building includes a large renovated street-level retail space, day spa, and updated apartments.
Where is this mixed-use property located?
The property is located at 126 WINDERMERE AVE Greenwood Lake, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building in the Village of Greenwood Lake with street‑level retail, a day spa, and 2 updated apartments; Large renovated street‑level commercial space (former retail/bagel store) offers about 1,800 SF and is available for user occupancy; Fully rented day spa and the two apartments; separate tenant‑paid utilities
