7-Component Mixed-Use
New
For Sale
$1,325,000
1970-1976 E E Main Street, Mohegan Lake, NY 10547
The property combines commercial space with several residential rental options, and all components are currently occupied.
Property Size4,500 SF
Price / SF$294.44
Days on Market1
Property Features for 1970-1976 E E Main Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Road Access
Yes
Mixed-Use Components
commercial, residential
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$18,500
Building Details
Building Size
4,500 SF
Year Built
1962
Buildings
3
Units
7
Tenancy
Multi
Listing Agency:
Howard Hanna Rand Realty
Listed By:
Jayne Morelock · License #KEY3169
(914) 774-9244
Source:
Moreandmorerealestate
Added: Nov 1
Last Checked: Nov 1 at 1:43AM
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 Howard Hanna Rand Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains a commercial building with 3 units and 4 residential rental components. Residential space includes a first-floor apartment, a detached two-family building, and a separate cottage with its own driveway and parking. The commercial building and residential improvements have been renovated or updated, and all 7 components are currently rented.
The property fronts Route 6 and is adjacent to a municipal parking lot. The building dates to 1962.
The property fronts Route 6 and is adjacent to a municipal parking lot. The building dates to 1962.
Key Highlights
- 7 rental components: 3 commercial units and 4 residential components
- All rental components are currently occupied
- Commercial building has been renovated; residential spaces have also been updated or renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,651
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,020
$1.8M
Cap Rate 7%
$1,252,157
$1.3M
Cap Rate 9%
$973,900
$973.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$133.9K $29.76/SF
− Vacancy
−$8.7K −$1.93/SF
EGI
$125.2K $27.83/SF
− OpEx
−$37.6K −$8.35/SF
NOI
$87.7K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,020
Cap Rate 7%
$1,252,157
Cap Rate 9%
$973,900
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,651 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$1.10M
$964.8K – $1.29M
NOI $77,183 @ 7.0% cap · market cap 5.83%
Theoretical Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,150 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 10547, NY
7,293
Population
2,956
Households
2.5
Avg Household Size
44
Median Age
52%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
1,488
Density / Sq Mi
$155,295
Median Household Income
$69,058
Median Earnings
$2,363
Median Rent
$479,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines commercial space with several residential rental options, and all components are currently occupied.
Where is this mixed-use property located?
The property is located at 1970-1976 E E Main Street Mohegan Lake, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 7 rental components: 3 commercial units and 4 residential components; All rental components are currently occupied; Commercial building has been renovated; residential spaces have also been updated or renovated
