Mixed-Use Building with
For Sale
$1,495,000
31 Main Street, Elmsford, NY 10523
Corner commercial property combining retail and office occupancy with residential units in a downtown business district.
Property Size4,748 SF
Price / SF$314.87
Days on Market1481
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Property Features for 31 Main Street
General Information
Standard status
Active
Size
4,748 SF
Property subtype
Multi Family
Additional Details
Cap Rate
9%
Corner Location
Yes
Amenities
No, No, Off Street
Square Feet
Multi Family, Public
4748
No
Off Street
Building Details
Tenancy
Multi
Listing Agency:
Christie's Int. Real Estate
Listed By:
Mary J. Byrne · License #40BY1070541
(914) 200-1515
Source:
Compass
Added: Sep 26, 2022
Changed: Oct 13
Last Checked: Oct 15 at 1:36AM
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 Christie's Int. Real Estate
Investment Insights
Based on property information with market context.
The property at 31 Main Street, Elmsford, New York, contains 4,748 square feet arranged across six income-producing spaces. The commercial component includes three retail or office storefronts, while three residential apartments provide additional occupancy within the mixed-use configuration.
Situated at the corner of 31 E Main and 3 N Lawn in Elmsford’s Central Business District, the building offers a downtown setting for both commercial and residential uses. Off-street parking is included, and each renter is responsible for their own heat. The property is offered for sale with an indicated cap rate range of 8–9%.
Situated at the corner of 31 E Main and 3 N Lawn in Elmsford’s Central Business District, the building offers a downtown setting for both commercial and residential uses. Off-street parking is included, and each renter is responsible for their own heat. The property is offered for sale with an indicated cap rate range of 8–9%.
Key Highlights
- 4,748‑square‑foot mixed‑use property
- Three retail or office storefronts
- Three residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,394
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,007,880
$2.0M
Cap Rate 7%
$1,434,200
$1.4M
Cap Rate 9%
$1,115,489
$1.1M
Market Conditions
NOI Build-Up for 4,748 SF
Gross rent
$165.2K $34.80/SF
− Vacancy
−$21.8K −$4.59/SF
EGI
$143.4K $30.21/SF
− OpEx
−$43.0K −$9.06/SF
NOI
$100.4K $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%
$2,007,880
Cap Rate 7%
$1,434,200
Cap Rate 9%
$1,115,489
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,394 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,437 @ 7.0% cap · market cap 5.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 10523, NY
9,489
Population
3,727
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
2,636
Density / Sq Mi
$115,809
Median Household Income
$64,776
Median Earnings
$3,004
Median Rent
$526,000
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner commercial property combining retail and office occupancy with residential units in a downtown business district.
Where is this mixed-use property located?
The property is located at 31 Main Street Elmsford, 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: 4,748‑square‑foot mixed‑use property; Three retail or office storefronts; Three residential apartments
