Multifamily Property with
For Sale
$639,000
218 Grove Street, Mount Kisco, NY 10549
A driveway and detached garage provide on-site parking for the property.
Property Size2,400 SF
Days on Market10
Property Features for 218 Grove Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,980
Building Details
Building Size
2,400 SF
Year Built
1925
Listing Agency:
Ginnel Real Estate
Listed By:
Kevin Helmes · License #40HE0633143
(914) 525-1704
Source:
Ginnel
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 4 at 9:35PM
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 Ginnel Real Estate
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Investment Insights
Based on property information with market context.
Located at 218 Grove St in Mount Kisco, this multifamily property has a driveway and detached garage for on-site parking. The existing multifamily use may be retained, or the property can be converted to a single-family house.
Shops, restaurants, a school and train service are nearby.
Shops, restaurants, a school and train service are nearby.
Key Highlights
- Detached garage and driveway provide on‑site parking
- Multifamily use can be maintained or converted to a single‑family house
- Near shops, restaurants, a school and train service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,164
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,280
$823.3K
Cap Rate 7%
$588,057
$588.1K
Cap Rate 9%
$457,378
$457.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$79.2K $33.00/SF
− Vacancy
−$4.4K −$1.82/SF
EGI
$74.8K $31.19/SF
− OpEx
−$33.7K −$14.03/SF
NOI
$41.2K $17.15/SF
Area
Westchester County, NY
Vacancy
5.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,280
Cap Rate 7%
$588,057
Cap Rate 9%
$457,378
Alternative Uses
Best Use
Apartment 5plus
$588.1K
$514.6K – $686.1K
NOI $41,164 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$725.0K
$634.3K – $845.8K
NOI $50,747 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,252
Businesses Nearby
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Business Placement
Demographics for 10549, NY
16,837
Population
6,339
Households
2.7
Avg Household Size
42
Median Age
60%
College-Educated
88%
High-School Grad
19.1 sq mi
ZIP Area
882
Density / Sq Mi
$122,327
Median Household Income
$67,836
Median Earnings
$1,686
Median Rent
$652,800
Median Home Value
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Market
Properties on Market for Multifamily properties in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - A driveway and detached garage provide on-site parking for the property.
Where is this multifamily property located?
The property is located at 218 Grove Street Mount Kisco, NY.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Detached garage and driveway provide on‑site parking; Multifamily use can be maintained or converted to a single‑family house; Near shops, restaurants, a school and train service
