First-Floor Office
For Sale
$300,000
21 Clark Place #1A, Mahopac, NY 10541
The layout can accommodate one professional suite or two separate office spaces.
Property Size1,440 SF
Price / SF$208.33
Days on Market77
Property Features for 21 Clark Place #1A
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial
Zoning
C
Occupancy
100%
Additional Details
Floor
First Floor
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,115
Building Details
Building Size
1,440 SF
Buildings
1
Tenancy
Single
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Aug 10
Changed: Oct 23
Last Checked: Oct 23 at 2:33PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
This 1,440-square-foot office condominium occupies the first floor and is currently arranged as one professional suite. Two private entrances and two bathrooms are in place, and the floor plan can be adapted to create two independent office spaces. The property is part of a five-unit office condominium in Mahopac, with zoning designated C.
A tenant currently occupies the unit and would like to remain. Owners contribute to routine building upkeep and shared operating costs, and share expenses for major repairs.
A tenant currently occupies the unit and would like to remain. Owners contribute to routine building upkeep and shared operating costs, and share expenses for major repairs.
Key Highlights
- 1,440‑square‑foot first‑floor office unit
- Two private entrances and two bathrooms
- Layout 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.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
521
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The layout can accommodate one professional suite or two separate office spaces.
Where is this office unit located?
The property is located at 21 Clark Place #1A Mahopac, 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‑square‑foot first‑floor office unit; Two private entrances and two bathrooms; Layout can be reconfigured into two independent office spaces
