Two-Story Mixed-Use
For Sale
$1,200,000
168 BOSTON POST RD, Mamaroneck, NY 10543
Retail and service spaces benefit from harbor and river views, central air, and access to street parking.
Property Size2,904 SF
Price / SF$413.22
Days on Market9
Property Features for 168 BOSTON POST RD
General Information
Standard status
Active
Size
2,904 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$12,800
Amenities
Central Air
3
Water, View
River
Water Front, River.
Building Details
Year Built
1910
Listing Agency:
Spadaro Real Estate, Ltd.
(914) 646-3202
Listed By:
Kathleen Spadaro · License #31SP0262259
(914) 646-3202
Source:
Xome
Added: Aug 22
Changed: Aug 29
Last Checked: Aug 30 at 1:09PM
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 Spadaro Real Estate, Ltd.
Investment Insights
Based on property information with market context.
Built in 1910, this two-story mixed-use property contains approximately 2,904 square feet across retail, service, and support areas. The ground level includes approximately 1,000 SF of retail space with a full basement. The upper level offers approximately 880–1,000 SF arranged across six rooms, with a full bath and shower, central air, and a flexible layout. The basement adds approximately 880 SF, with rear access, large windows, and usable ceiling height.
The property is positioned along Boston Post Road, also identified as Route 1, across from Mamaroneck Harbor and adjacent to the Mamaroneck River. Harbor and Long Island Sound views extend from the front, while the rear overlooks the river. Street parking is available along the corridor, and the site is identified with water frontage and river views.
The property is positioned along Boston Post Road, also identified as Route 1, across from Mamaroneck Harbor and adjacent to the Mamaroneck River. Harbor and Long Island Sound views extend from the front, while the rear overlooks the river. Street parking is available along the corridor, and the site is identified with water frontage and river views.
Key Highlights
- Approximately 2,904 SF two‑story mixed‑use property built in 1910
- Ground‑floor retail includes approximately 1,000 SF plus a full basement
- Second floor measures approximately 880–1,000 SF with a six‑room layout
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
$61,404
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
5.12%
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%
$1,228,080
$1.2M
Cap Rate 7%
$877,200
$877.2K
Cap Rate 9%
$682,267
$682.3K
Market Conditions
NOI Build-Up for 2,904 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
$101.1K $34.80/SF
− Vacancy
−$13.3K −$4.59/SF
EGI
$87.7K $30.21/SF
− OpEx
−$26.3K −$9.06/SF
NOI
$61.4K $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%
$1,228,080
Cap Rate 7%
$877,200
Cap Rate 9%
$682,267
Alternative Uses
Best Use
Retail
$877.2K
$767.6K – $1.02M
NOI $61,404 @ 7.0% cap · market cap 5.12%
Second Best
Mixed Use
$601.3K
$526.1K – $701.5K
NOI $42,090 @ 7.0% cap · market cap 3.51%
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
1,791
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 32%
Speedway
Shops & Services
23,998 visits/mo
0.5 miles
Sunoco
Shops & Services
12,549 visits/mo
0.3 miles
Dunkin' Donuts
Dining
6,523 visits/mo
0.2 miles
Citibank
Shops & Services
6,216 visits/mo
0.4 miles
Carvel Ice Cream
Dining
4,113 visits/mo
0.5 miles
Demographics for 10543, NY
21,296
Population
8,141
Households
2.6
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
4,953
Density / Sq Mi
$128,418
Median Household Income
$69,176
Median Earnings
$2,030
Median Rent
$710,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and service spaces benefit from harbor and river views, central air, and access to street parking.
Where is this mixed-use property located?
The property is located at 168 BOSTON POST RD Mamaroneck, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 2,904 SF two‑story mixed‑use property built in 1910; Ground‑floor retail includes approximately 1,000 SF plus a full basement; Second floor measures approximately 880–1,000 SF with a six‑room layout
