Building Details

Building Size 3,219 SF

Year Built 1920

Buildings 1

Stories 2

Tenancy Multi

Listing Agency: Houlihan Lawrence Inc. Show Phone

Listed By: Jaimme Pudalov Show Phone

Source: Cornerstonemyhome

Added: Jun 2 Changed: Oct 22 Last Checked: Aug 25 at 9:13AM

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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 Houlihan Lawrence Inc.

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Investment Insights

Based on property information with market context.

At 21 King Street, the mixed-use building has two street-level retail storefronts and one apartment above. The property was built in 1920 and includes a private rear parking area with capacity for approximately 14 vehicles.

The building is in downtown Chappaqua, close to shops, restaurants, and the Metro-North train station.

Key Highlights

• Two street‑level retail storefronts
• One residential apartment above the retail space
• Private rear parking for approximately 14 vehicles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,064

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,361,280 $1.4M

Cap Rate 7%

$972,343 $972.3K

Cap Rate 9%

$756,267 $756.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,219 SF

Gross rent

$112.0K $34.80/SF

− Vacancy

−$14.8K −$4.59/SF

EGI

$97.2K $30.21/SF

− OpEx

−$29.2K −$9.06/SF

NOI

$68.1K $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 Rate 5%

$1,361,280

Cap Rate 7%

$972,343

Cap Rate 9%

$756,267

Alternative Uses

Best Use

Retail

$972.3K

$850.8K – $1.13M (±1% cap)

NOI $68,064 @ 7.0% cap · market cap 3.68%

Second Best

Mixed Use

$666.5K

$583.2K – $777.6K (±1% cap)

NOI $46,655 @ 7.0% cap · market cap 2.52%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Open Analytics

Current Use

21 Studio Nail ... Nail Salon

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Big Box & Wholesale Store Bakery Grocery & Convenience Store HVAC Service

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

1

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

601

Businesses Nearby

20k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 70% Dining 30%

Starbucks Dining

5,967 visits/mo 0.1 miles

Citibank Shops & Services

3,907 visits/mo 0.2 miles

Bank of America Shops & Services

3,684 visits/mo 0.2 miles

Mobil Shops & Services

3,464 visits/mo 0.4 miles

Shell Shops & Services

2,938 visits/mo 0.2 miles

Demographics for 10514, NY

12,568

Population

4,205

Households

3

Avg Household Size

42

Median Age

83%

College-Educated

98%

High-School Grad

12.7 sq mi

ZIP Area

990

Density / Sq Mi

$250,001

Median Household Income

$119,662

Median Earnings

$2,758

Median Rent

$1,069,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - A second-floor apartment and private rear parking serve a property with both commercial and residential space.

Where is this mixed-use property located?

The property is located at 21 King Street Chappaqua, NY.

What is the asking price?

The asking price for this property is $1,849,000.

What are key features of this property?

This property features: Two street‑level retail storefronts; One residential apartment above the retail space; Private rear parking for approximately 14 vehicles