First-Floor Office
21 Clark Place, Carmel, NY 10541
For Sale
$300,000
Flexible professional suite with private access points, two bathrooms, and reconfiguration potential.
Property Size1,440 SF
Price / SF$208.33
Days on Market97
Property Features for 21 Clark Place
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Floor
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
3
Parking.
Lot.
Building Details
Tenancy
Owner Occupied
Listing Agency:
Briante Realty Group, LLC
(845) 225-2020
Listed By:
Ann Marie D'Onofrio · License #10401328656
(914) 645-7604
Source:
Xome
Added: Aug 3
Changed: Nov 6
Last Checked: Aug 12 at 3:07AM
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 Briante Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 1,440 SF first-floor office condominium is located in the historic Old Stone Building at 21 Clark Place in Mahopac, NY. The suite is currently arranged as one professional office and includes two private entrances and two bathrooms. Its floor plan can be adapted into two independent office spaces if the occupant’s needs change.
The property is part of a five-unit office condominium with a shared monthly fee covering routine building upkeep and common operating expenses. Unit owners also share responsibility for major repairs. The suite is currently leased to a long-term tenant who intends to remain, providing an established occupancy profile for an investor or owner-occupant. Zoning is identified as Commercial Professional Building.
The property is part of a five-unit office condominium with a shared monthly fee covering routine building upkeep and common operating expenses. Unit owners also share responsibility for major repairs. The suite is currently leased to a long-term tenant who intends to remain, providing an established occupancy profile for an investor or owner-occupant. Zoning is identified as Commercial Professional Building.
Key Highlights
- 1,440 SF first‑floor office condominium
- Two private entrances and two bathrooms
- Floor plan can be reconfigured into two independent office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,189
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,780
$503.8K
Cap Rate 7%
$359,843
$359.8K
Cap Rate 9%
$279,878
$279.9K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$39.1K $27.12/SF
− Vacancy
−$5.5K −$3.80/SF
EGI
$33.6K $23.32/SF
− OpEx
−$8.4K −$5.83/SF
NOI
$25.2K $17.49/SF
Area
Putnam County, NY
Vacancy
14.00%
Lease Rate
$27.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,780
Cap Rate 7%
$359,843
Cap Rate 9%
$279,878
Alternative Uses
Best Use
Office B
$359.8K
$314.9K – $419.8K
NOI $25,189 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$952.1K
$833.1K – $1.11M
NOI $66,647 @ 7.0% cap · market cap 22.22%
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
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 10541, NY
25,651
Population
9,614
Households
2.7
Avg Household Size
43
Median Age
43%
College-Educated
93%
High-School Grad
24.8 sq mi
ZIP Area
1,034
Density / Sq Mi
$133,929
Median Household Income
$58,450
Median Earnings
$1,967
Median Rent
$472,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible professional suite with private access points, two bathrooms, and reconfiguration potential.
Where is this office unit located?
The property is located at 21 Clark Place Carmel, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,440 SF first‑floor office condominium; Two private entrances and two bathrooms; Floor plan can be reconfigured into two independent office spaces
