Building Details

Buildings 1

Listing Agency: eRealty Advisors, Inc

Listed By: James Doorhy · License #10301214013 Show Phone

Source: Erealtyadvisors

Added: Sep 16 Changed: Oct 25 Last Checked: Nov 3 at 3:23AM

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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 eRealty Advisors, Inc

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Investment Insights

Based on property information with market context.

This mixed-use property combines renovated office and retail space with a two-bedroom apartment on the upper level. The building is positioned at a corner intersection and includes a private parking lot with 16 dedicated spaces.

Located at 2149 Albany Post Road in Montrose, the property is near major development projects. Its combination of commercial space, an apartment component, and on-site parking creates a flexible mixed-use configuration.

Key Highlights

• Renovated office and retail space
• Two‑bedroom apartment above the commercial area
• Private parking lot with 16 dedicated spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,493

Cap Rate

4.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,860 $669.9K

Cap Rate 7%

$478,471 $478.5K

Cap Rate 9%

$372,144 $372.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,584 SF

Gross rent

$55.1K $34.80/SF

− Vacancy

−$7.3K −$4.59/SF

EGI

$47.8K $30.21/SF

− OpEx

−$14.4K −$9.06/SF

NOI

$33.5K $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%

$669,860

Cap Rate 7%

$478,471

Cap Rate 9%

$372,144

Alternative Uses

Best Use

Retail

$478.5K

$418.7K – $558.2K (±1% cap)

NOI $33,493 @ 7.0% cap · market cap 4.79%

Second Best

Office B

$346.5K

$303.2K – $404.3K (±1% cap)

NOI $24,256 @ 7.0% cap · market cap 3.47%

Theoretical Best

—

—

same as Best Use

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

psychiatry Physician Body Wisdom Massage ... Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center

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

Location Intelligence

Trade Area within ½ mile

315

Businesses Nearby

Explore this area Business Placement

Demographics for 10548, NY

3,743

Population

1,401

Households

2.7

Avg Household Size

51

Median Age

43%

College-Educated

91%

High-School Grad

2.1 sq mi

ZIP Area

1,782

Density / Sq Mi

$140,000

Median Household Income

$40,164

Median Earnings

$1,534

Median Rent

$445,900

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

Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated office and retail space is paired with a two-bedroom apartment above.

Where is this mixed-use property located?

The property is located at 2149 Albany Post Road Montrose, NY.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Renovated office and retail space; Two‑bedroom apartment above the commercial area; Private parking lot with 16 dedicated spaces