Building Details

Building Size 4,900 SF

Year Built 1973

Units 6

Tenancy Multi

Listing Agency: Howard Hanna Rand Realty

Listed By: Drita V. Shala · License #10401221172 Show Phone

Source: Elliman

Added: Oct 24 Changed: Oct 25 Last Checked: Oct 24 at 3:39PM

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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 Howard Hanna Rand Realty

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use portfolio brings together residential units and a bar/restaurant that is currently vacant and not operating. Residential accommodations include a renovated three-bedroom, three-bath house, a one-bedroom apartment, a one-bedroom cottage, and two units above the restaurant: one with two bedrooms and one with one bedroom. The house at 3764 Wood Street was renovated in 2022–2023. A basement at 412 E Main Street contains utilities and shared washer/dryer facilities. The restaurant property has received siding repairs, a retaining wall, and parking-lot work.

The properties are in Jefferson Valley near Osceola Lake. Parking near the restaurant accommodates 10–15 cars, with additional spaces serving the duplex. The stated 5.9% cap rate excludes the vacant restaurant space.

Key Highlights

• Residential portfolio includes a three‑bedroom, three‑bath house, a one‑bedroom apartment, a one‑bedroom cottage, and two units above the restaurant
• House at 3764 Wood Street renovated in 2022–2023
• Vacant bar/restaurant space with siding repairs, a retaining wall, and parking‑lot work

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,231

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,684,620 $1.7M

Cap Rate 7%

$1,203,300 $1.2M

Cap Rate 9%

$935,900 $935.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,900 SF

Gross rent

$117.6K $24.00/SF

− Vacancy

−$5.3K −$1.08/SF

EGI

$112.3K $22.92/SF

− OpEx

−$28.1K −$5.73/SF

NOI

$84.2K $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%

$1,684,620

Cap Rate 7%

$1,203,300

Cap Rate 9%

$935,900

Alternative Uses

Best Use

Specialty Retail

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,231 @ 7.0% cap · market cap 6.24%

Second Best

Mixed Use

$1.01M

$887.7K – $1.18M (±1% cap)

NOI $71,019 @ 7.0% cap · market cap 5.26%

Theoretical Best

Retail

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,608 @ 7.0% cap · market cap 7.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Building Supply Big Box & Wholesale Store HVAC Service Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

459

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 56% Shops & Services 44%

Carvel Ice Cream Dining

3,590 visits/mo 0.5 miles

Shell Shops & Services

2,878 visits/mo 0.4 miles

Demographics for 10535, NY

531

Population

196

Households

2.7

Avg Household Size

42

Median Age

61%

College-Educated

92%

High-School Grad

0.5 sq mi

ZIP Area

1,062

Density / Sq Mi

$55,441

Median Earnings

$1,844

Median Rent

$333,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The portfolio combines occupied residential units with a vacant bar and restaurant space.

Where is this mixed-use property located?

The property is located at 3764 Wood St Jefferson Valley, NY.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: Residential portfolio includes a three‑bedroom, three‑bath house, a one‑bedroom apartment, a one‑bedroom cottage, and two units above the restaurant; House at 3764 Wood Street renovated in 2022–2023; Vacant bar/restaurant space with siding repairs, a retaining wall, and parking‑lot work