Mixed-Use Building with
2151 Albany Post Road, Montrose, NY 10548
For Sale
$1,495,000
An upstairs apartment adds residential space to this operating restaurant property.
Property Size3,669 SF
Price / SF$407.47
Days on Market77
Property Features for 2151 Albany Post Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Schunk Realty Group
(914) 788-6339
Listed By:
William Schunk
(914) 954-1178
Source:
Gillianstewart
Added: Aug 24
Changed: Nov 7
Last Checked: Nov 7 at 7:18PM
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 Schunk Realty Group
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Investment Insights
Based on property information with market context.
This mixed-use property pairs an operating restaurant with a two-bedroom, one-bathroom apartment on the upper floor. The building was constructed in 1893, and the sale includes the building and restaurant, with the business also offered as part of the transaction.
Located at 2151 Albany Post Road in Montrose, the property brings restaurant and residential space together in one building.
Located at 2151 Albany Post Road in Montrose, the property brings restaurant and residential space together in one building.
Key Highlights
- Operating restaurant with the business offered as part of the sale
- Upstairs apartment with 2 bedrooms and 1 bathroom
- Building constructed in 1893
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,070
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,400
$1.3M
Cap Rate 7%
$901,000
$901.0K
Cap Rate 9%
$700,778
$700.8K
Market Conditions
NOI Build-Up for 3,669 SF
Gross rent
$88.1K $24.00/SF
− Vacancy
−$4.0K −$1.08/SF
EGI
$84.1K $22.92/SF
− OpEx
−$21.0K −$5.73/SF
NOI
$63.1K $17.19/SF
Area
Westchester County, NY
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,400
Cap Rate 7%
$901,000
Cap Rate 9%
$700,778
Alternative Uses
Best Use
Specialty Retail
$901.0K
$788.4K – $1.05M
NOI $63,070 @ 7.0% cap · market cap 4.22%
Second Best
Mixed Use
$759.7K
$664.7K – $886.3K
NOI $53,178 @ 7.0% cap · market cap 3.56%
Theoretical Best
Retail
$1.11M
$969.7K – $1.29M
NOI $77,579 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
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
$445,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Westchester County, NY
Properties on Market for Mixed-use properties in Westchester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs apartment adds residential space to this operating restaurant property.
Where is this mixed-use property located?
The property is located at 2151 Albany Post Road Montrose, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Operating restaurant with the business offered as part of the sale; Upstairs apartment with 2 bedrooms and 1 bathroom; Building constructed in 1893
