Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    38-42 Main St Hastings on Hudson, NY 10706

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,275,000

    Two renovated mixed-use buildings with retail and free market apartments.

    Property Features for 38-42 Main St

    General Information

    Standard status
    Active

    Source: HOULIHAN LAWRENCE COMMERCIAL Agent MICHAEL L. RACKENBERG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hastings-on-Hudson Mixed-Use Investment

    Located in Hastings-on-Hudson, NY, 38 and 42 Main St comprise a two-building, mixed-use package. The properties feature three ground-floor storefronts and six free market apartments. Both buildings have been renovated with Class A finishes, new common areas, and a private backyard. The retail tenants have long-term leases with annual escalations, and are responsible for their own heat and electric. The cap rate is 6.02%. Proof of funds is required before touring the property. The properties can be sold together or separately. This presents an opportunity to invest in a sought-after market in Westchester County.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hastings on Hudson
    County
    Westchester
    State
    New York
    Longitude
    -73.8809174
    Latitude
    40.9939483

    Nearby Similar for Sale

    • $629,000
      Pending

      Hastings-on-Hudson Two-Family Home

      Two-family home needing full renovation in Hastings-on-Hudson, New York.
      29 Brandt St, Hastings on Hudson, NY 10706
      View Details
    • $759,000
      Pending

      Two-Family Home with River Views

      Two-family home in Hastings-on-Hudson with Hudson River views.
      2 Marble Ter, Hastings on Hudson, NY 10706
      View Details
    • Contact for pricing
      4,995 SF

      Prime Retail Opportunity

      Well-located retail property in Hastings-on-Hudson, offering high visibility.
      542 Warburton Ave, Hastings on Hudson, NY 10706
      View Details
    • $1,750,000

      Former Educational Facility on 2.6 Acres

      Brick building suitable for educational, daycare, or redevelopment purposes.
      25 Old Jackson Ave, Hastings on Hudson, NY 10706
      View Details
    • $399,000

      Hastings Townhouse Two-Bedroom Unit

      Two-bedroom unit near shops, restaurants, parks, and train station.
      445 Broadway 2R, Hastings on Hudson, NY 10706
      View Details
    • $199,500

      Hastings-on-Hudson Multifamily Property

      Multifamily property for sale in Hastings-on-Hudson, NY.
      737 N Broadway 2D, Hastings on Hudson, NY 10706
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two renovated mixed-use buildings with retail and free market apartments.
    Where is this mixed-use property located?
    The property is located at 38-42 Main St Hastings on Hudson, NY.
    What is the asking price?
    The asking price for this property is $3,275,000.
    What are key features of this property?
    This property features: - Free Market apartments and storefronts offer significant income potential.; - Package includes two renovated mixed-use buildings with **Class A finishes**.; - Located in the **highly desirable Hastings-on-Hudson, NY market**.
    Request Owner's contact information
    38-42 Main St Hastings on Hudson, NY 10706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    38-42 Main St
    Hastings on Hudson, NY 10706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38-42 Main St Hastings on Hudson, NY 10706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.