Mixed-Use Property with
For Sale
$1,849,000
21 King Street, Chappaqua, NY 10514
Two ground-floor retail spaces sit below a residential apartment, with a parking area behind the building.
Property Size3,219 SF
Price / SF$574.40
Days on Market148
Property Features for 21 King Street
General Information
Standard status
Active
Size
3,219 SF
Total Parking Spaces
14
Property subtype
Commercial
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$29,688
Building Details
Building Size
3,219 SF
Year Built
1920
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Houlihan Lawrence Inc.
(914) 273-9505
Listed By:
Jaimme Pudalov
(914) 844-7259
Source:
Gillianstewart
Added: Jun 2
Changed: Oct 26
Last Checked: Oct 26 at 3:42PM
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, this 3,219-square-foot mixed-use building combines two street-level retail storefronts with a residential apartment on the floor above. Built in 1920, the property also has a private parking lot at the rear with space for approximately 14 vehicles.
The building is in downtown Chappaqua, near shops, restaurants, and the Metro-North train station. Its retail and residential components are arranged within one property, with parking accessed at the rear.
The building is in downtown Chappaqua, near shops, restaurants, and the Metro-North train station. Its retail and residential components are arranged within one property, with parking accessed at the rear.
Key Highlights
- Two street‑level retail storefronts and one apartment above
- 3,219 square feet; built in 1920
- 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
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
NOI $68,064 @ 7.0% cap · market cap 3.68%
Second Best
Mixed Use
$666.5K
$583.2K – $777.6K
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.
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Open Analytics
Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two ground-floor retail spaces sit below a residential apartment, with a parking area behind the building.
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 and one apartment above; 3,219 square feet; built in 1920; Private rear parking for approximately 14 vehicles
