Mixed-Use Property with
For Sale
$1,595,000
3436 Lexington Avenue, Mohegan Lake, NY 10547
A full-service bar, outdoor patio, and two-bedroom apartment are part of the property.
Property Size4,100 SF
Price / SF$389.02
Days on Market194
Property Features for 3436 Lexington Avenue
General Information
Standard status
Active
Size
4,100 SF
Total Parking Spaces
30
Property subtype
Commercial
Restaurant
Seating Capacity
100
Patio
Yes
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$23,133
Building Details
Building Size
4,100 SF
Year Built
1965
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Apr 14
Changed: Oct 23
Last Checked: Oct 23 at 4:07PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
The property combines a restaurant with a two-bedroom apartment located above it. Restaurant features include a full-service bar and an outdoor patio, with seating capacity for approximately 100 guests. The restaurant is subject to a 5 year lease, while the apartment is occupied by a month-to-month tenant.
Positioned just off Route 6, the property has approximately 30 parking spaces along its rear and side. The restaurant and residential component provide distinct uses within one mixed-use property.
Positioned just off Route 6, the property has approximately 30 parking spaces along its rear and side. The restaurant and residential component provide distinct uses within one mixed-use property.
Key Highlights
- Restaurant accommodates approximately 100 guests and includes a full‑service bar and outdoor patio
- Two‑bedroom apartment above the restaurant, occupied by a month‑to‑month tenant
- Restaurant has a 5 year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,479
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,409,580
$1.4M
Cap Rate 7%
$1,006,843
$1.0M
Cap Rate 9%
$783,100
$783.1K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$98.4K $24.00/SF
− Vacancy
−$4.4K −$1.08/SF
EGI
$94.0K $22.92/SF
− OpEx
−$23.5K −$5.73/SF
NOI
$70.5K $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%
$1,409,580
Cap Rate 7%
$1,006,843
Cap Rate 9%
$783,100
Alternative Uses
Best Use
Specialty Retail
$1.01M
$881.0K – $1.17M
NOI $70,479 @ 7.0% cap · market cap 4.42%
Second Best
Mixed Use
$848.9K
$742.8K – $990.4K
NOI $59,424 @ 7.0% cap · market cap 3.73%
Theoretical Best
Retail
$1.24M
$1.08M – $1.44M
NOI $86,692 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Apparel 41%
Dining 9%
Electronics 4%
ShopRite
Groceries
60,320 visits/mo
0.5 miles
Marshalls
Apparel
48,892 visits/mo
0.5 miles
Taco Bell
Dining
8,222 visits/mo
0.5 miles
Carter's & OshKosh B'gosh
Apparel
4,489 visits/mo
0.5 miles
GameStop
Electronics
4,359 visits/mo
0.5 miles
Demographics for 10547, NY
7,293
Population
2,956
Households
2.5
Avg Household Size
44
Median Age
52%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
1,488
Density / Sq Mi
$155,295
Median Household Income
$69,058
Median Earnings
$2,363
Median Rent
$479,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A full-service bar, outdoor patio, and two-bedroom apartment are part of the property.
Where is this mixed-use property located?
The property is located at 3436 Lexington Avenue Mohegan Lake, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Restaurant accommodates approximately 100 guests and includes a full‑service bar and outdoor patio; Two‑bedroom apartment above the restaurant, occupied by a month‑to‑month tenant; Restaurant has a 5 year lease
