Mount Kisco Three-Story
For Sale
$3,200,000
130 E Main St, Mount Kisco, NY 10549
Three-story property with rooftop dining in Mount Kisco, NY.
Property Size5,600 SF
Days on Market107
Property Features for 130 E Main St
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
5,600 SF
Year Built
2015
Listing Agency:
Princeton Realty Group
(914) 747-5000
Listed By:
Todd Albright
Source:
Commercialcafe
Added: May 15
Changed: Aug 17
Last Checked: Aug 29 at 6:09AM
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 Princeton Realty Group
Investment Insights
Based on property information with market context.
Located in Mount Kisco, this three-story property on East Main Street, formerly a restaurant, is suitable for various concepts. The interior includes a commercial kitchen, bar area, and multiple dining levels, with a rooftop dining space. A dumbwaiter and elevator facilitate service between floors. Storefront windows provide natural light. The layout is adaptable for restaurant or retail uses. Municipal parking is available behind the building. The property is located in a town with boutique shops, dining, and local services, near the Metro-North train station, ensuring foot traffic. The space is fully built-out and ready for a wide range of concepts.
Key Highlights
- Fully built‑out space with a complete commercial kitchen, bar area, and multiple dining levels, including a rooftop dining space, ideal for restaurant concepts.
- High‑visibility location on East Main Street in Mount Kisco** with strong foot traffic.
- Convenient municipal parking located directly behind the building.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,409
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,368,180
$2.4M
Cap Rate 7%
$1,691,557
$1.7M
Cap Rate 9%
$1,315,656
$1.3M
Market Conditions
NOI Build-Up for 5,600 SF
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.
Gross rent
$194.9K $34.80/SF
− Vacancy
−$25.7K −$4.59/SF
EGI
$169.2K $30.21/SF
− OpEx
−$50.7K −$9.06/SF
NOI
$118.4K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,368,180
Cap Rate 7%
$1,691,557
Cap Rate 9%
$1,315,656
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,409 @ 7.0% cap · market cap 3.70%
Second Best
Specialty Retail
$1.38M
$1.20M – $1.60M
NOI $96,264 @ 7.0% cap · market cap 3.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Home Improvements & Furnishings 23%
Dining 15%
Electronics 6%
HomeGoods
Home Improvements & Furnishings
26,007 visits/mo
0.3 miles
Party City
Shops & Services
11,086 visits/mo
0.1 miles
Starbucks
Dining
10,960 visits/mo
0.2 miles
Chase Bank
Shops & Services
8,745 visits/mo
0.2 miles
Bank of America
Shops & Services
6,797 visits/mo
0.1 miles
Demographics for 10549, NY
16,837
Population
6,339
Households
2.7
Avg Household Size
42
Median Age
60%
College-Educated
88%
High-School Grad
19.1 sq mi
ZIP Area
882
Density / Sq Mi
$122,327
Median Household Income
$67,836
Median Earnings
$1,686
Median Rent
$652,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Market Cafe—Epicurean Group NY LLC — 100 S Bedford Rd # 130, Mt Kisco, NY 10549
- Menu Options — Home — 251 Main St, Mt Kisco, NY 10549
- Thomas Fox Catering
- Silver Spoon Catering — 200 Main St, Mt Kisco, NY 10549
Frequently Asked Questions
What type of property is this?
Restaurant - Three-story property with rooftop dining in Mount Kisco, NY.
Where is this restaurant located?
The property is located at 130 E Main St Mount Kisco, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Fully built‑out space with a **complete commercial kitchen, bar area, and multiple dining levels, including a rooftop dining space**, ideal for restaurant concepts.; High‑visibility location on East Main Street in Mount Kisco** with strong foot traffic.; Convenient municipal parking located directly behind the building.
