Two-Story Mixed-Use
New
For Sale
$1,200,000
168 E Boston Post Road, Mamaroneck, NY 10543
Two-story layout combines street-level retail with an occupied second-floor hair and cosmetics service space.
Property Size2,904 SF
Days on Market5
Property Features for 168 E Boston Post Road
General Information
Standard status
Active
Size
2,904 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$12,770
Building Details
Building Size
2,904 SF
Year Built
1910
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Spadaro Real Estate, Ltd.
Listed By:
Kathleen Spadaro · License #31SP0262259
(914) 646-3202
Source:
Cottiemaxwellrealestate
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 12 at 9:57AM
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 combines approximately 1,000 SF of street-level retail space with an 880 SF walk-out basement. The lower level includes rear access, large windows, and storage or support space. The second floor measures approximately 880–1,000 SF and is occupied by a long-term hair and cosmetic services tenant. Its flexible layout includes six rooms and a full bath with shower.
The property fronts Boston Post Road, also identified as Route 1, across from Mamaroneck Harbor and along the Mamaroneck River. Harbor and Long Island Sound views are available from the front, while the rear overlooks the river. Abundant street parking serves the property. The existing configuration also presents potential for residential conversion, subject to applicable municipal approvals.
The property fronts Boston Post Road, also identified as Route 1, across from Mamaroneck Harbor and along the Mamaroneck River. Harbor and Long Island Sound views are available from the front, while the rear overlooks the river. Abundant street parking serves the property. The existing configuration also presents potential for residential conversion, subject to applicable municipal approvals.
Key Highlights
- Approximately 1,000 SF of street‑level retail space
- 880 SF walk‑out basement with rear access and river‑facing windows
- Second floor measures approximately 880–1,000 SF
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
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story layout combines street-level retail with an occupied second-floor hair and cosmetics service space.
Where is this mixed-use property located?
The property is located at 168 E Boston Post Road 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 1,000 SF of street‑level retail space; 880 SF walk‑out basement with rear access and river‑facing windows; Second floor measures approximately 880–1,000 SF
