Three-Unit Office
For Sale
$750,000
239 Lexington Avenue, Mount Kisco, NY 10549
Three separate office suites provide a flexible existing configuration.
Property Size2,664 SF
Price / SF$281.53
Days on Market129
Property Features for 239 Lexington Avenue
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Commercial
Zoning
CL
Additional Details
Office Units
3
Property Use
Office
Taxes and HOA fees
Annual Taxes
$13,000
Building Details
Building Size
2,664 SF
Year Built
1944
Units
3
Listing Agency:
Keller Williams Realty Group
(914) 713-3270
Listed By:
Johan Tolagomez
(914) 246-0242
Source:
Croninreale
Added: Jun 19
Changed: Oct 23
Last Checked: Oct 23 at 5:05PM
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 Keller Williams Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2,664-square-foot property contains three distinct office spaces. Built in 1944, it is zoned CL and includes dedicated parking.
At 239 Lexington Avenue in Mount Kisco, the property is near shopping, dining, transportation, and local amenities. The seller reports that town discussions have raised the possibility of developing three townhomes; this is a potential scenario, not a confirmed approval.
At 239 Lexington Avenue in Mount Kisco, the property is near shopping, dining, transportation, and local amenities. The seller reports that town discussions have raised the possibility of developing three townhomes; this is a potential scenario, not a confirmed approval.
Key Highlights
- Three separate office spaces within 2,664 square feet
- Dedicated parking
- Built in 1944
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,794
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,880
$815.9K
Cap Rate 7%
$582,771
$582.8K
Cap Rate 9%
$453,267
$453.3K
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$73.2K $27.48/SF
− Vacancy
−$18.8K −$7.06/SF
EGI
$54.4K $20.42/SF
− OpEx
−$13.6K −$5.10/SF
NOI
$40.8K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,880
Cap Rate 7%
$582,771
Cap Rate 9%
$453,267
Alternative Uses
Best Use
Office B
$582.8K
$509.9K – $679.9K
NOI $40,794 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$804.7K
$704.1K – $938.8K
NOI $56,329 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Three separate office suites provide a flexible existing configuration.
Where is this office unit located?
The property is located at 239 Lexington Avenue Mount Kisco, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three separate office spaces within 2,664 square feet; Dedicated parking; Built in 1944
