Building Details

Building Size 3,492 SF

Listing Agency: Keller Williams Hudson Valley k***@kw.com Show Phone

Listed By: Adrienne I Volpe · License #10301214439 Show Phone

Source: Gillianstewart

Added: Nov 4, 2025 Changed: Oct 23 Last Checked: Oct 23 at 3:15PM

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Investment Insights

Based on property information with market context.

This 3,492-square-foot mixed-use property combines office space on the first floor with a three-bedroom apartment upstairs. The office level includes several treatment rooms and two half-bath restrooms; the apartment has two full bathrooms. The building is used for multidisciplinary health services under a special permit, and the layout also supports separate residential and business occupancy.

The property fronts Route 6 and is less than one mile from Cortlandt Town Center. On-site parking accommodates up to 14 cars.

Key Highlights

• 3,492‑square‑foot mixed‑use building
• Three‑bedroom apartment with two full baths
• First‑floor office includes several treatment rooms and two half‑bath restrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,885

Cap Rate

6.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,137,700 $1.1M

Cap Rate 7%

$812,643 $812.6K

Cap Rate 9%

$632,056 $632.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,492 SF

Gross rent

$104.8K $30.00/SF

− Vacancy

−$10.0K −$2.85/SF

EGI

$94.8K $27.15/SF

− OpEx

−$37.9K −$10.86/SF

NOI

$56.9K $16.29/SF

Area

Westchester County, NY

Vacancy

9.50%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,137,700

Cap Rate 7%

$812,643

Cap Rate 9%

$632,056

Alternative Uses

Best Use

Healthcare Medical

$812.6K

$711.1K – $948.1K (±1% cap)

NOI $56,885 @ 7.0% cap · market cap 6.69%

Second Best

Office B

$763.9K

$668.4K – $891.2K (±1% cap)

NOI $53,474 @ 7.0% cap · market cap 6.29%

Theoretical Best

Retail

$1.05M

$923.0K – $1.23M (±1% cap)

NOI $73,837 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

321

Businesses Nearby

Explore this area Business Placement

Demographics for 10567, NY

20,400

Population

7,086

Households

2.9

Avg Household Size

44

Median Age

51%

College-Educated

96%

High-School Grad

22.5 sq mi

ZIP Area

907

Density / Sq Mi

$152,334

Median Household Income

$61,809

Median Earnings

$1,913

Median Rent

$532,600

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A second-floor apartment is paired with a first-floor office featuring treatment rooms and separate restroom facilities.

Where is this mixed-use property located?

The property is located at 2 Renee Gate Street Cortlandt Manor, NY.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: 3,492‑square‑foot mixed‑use building; Three‑bedroom apartment with two full baths; First‑floor office includes several treatment rooms and two half‑bath restrooms