Mixed-Use Buildings with Private
For Sale
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410 Mamaroneck Avenue, Mamaroneck, NY 10543
C-2 property combines occupied commercial space with vacant upper-level offices and access to a shared rear parking lot.
Property Size4,500 SF
Price / SF$388.89
Days on Market8
Property Features for 410 Mamaroneck Avenue
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
10
Property subtype
Retail, Office, Mixed Use
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$1,750,000
Office Units
2
Building Details
Year Built
1940
Buildings
2
Stories
2
Units
4
Tenancy
Multi
Abandoned
No
Listing Agency:
Cushman & Wakefield - Stamford, Connecticut
(203) 326-5822
Listed By:
Al Mirin · License #CT RES.0471141
Source:
Crexi
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 6 at 2:11PM
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 Cushman & Wakefield - Stamford, Connecticut
Investment Insights
Based on property information with market context.
This C-2 mixed-use property comprises two separate, two-story buildings totaling 4,500 SF. Built in 1940, the buildings include occupied ground-floor commercial areas with walkout basement space, along with vacant second-floor offices. The upper levels measure 1,000 SF at 410 Mamaroneck Avenue and 1,250 SF at 414 Mamaroneck Avenue; each has a private entrance from Mamaroneck Avenue and access from the rear parking area. The layouts also support consideration of residential conversion, as described in the property information.
The buildings provide 50’ of frontage on Mamaroneck Avenue and over 35’ on Mount Pleasant Avenue. A shared approximate 10-car private parking lot is reached from Mount Pleasant Avenue. The property is within a 2-minute walk of the Mamaroneck Metro-North Train Station, which offers a 39-minute express ride to Grand Central Terminal, and is 0.7 miles from Interstate 95 Exits 18A & B. Harbor Island Park is less than a 10-minute walk away.
The buildings provide 50’ of frontage on Mamaroneck Avenue and over 35’ on Mount Pleasant Avenue. A shared approximate 10-car private parking lot is reached from Mount Pleasant Avenue. The property is within a 2-minute walk of the Mamaroneck Metro-North Train Station, which offers a 39-minute express ride to Grand Central Terminal, and is 0.7 miles from Interstate 95 Exits 18A & B. Harbor Island Park is less than a 10-minute walk away.
Key Highlights
- Two separate, two‑story buildings totaling 4,500 SF
- C‑2 zoning with 50’ of Mamaroneck Avenue frontage
- Over 35’ of frontage on Mount Pleasant Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,903,000
$1.9M
Cap Rate 7%
$1,359,286
$1.4M
Cap Rate 9%
$1,057,222
$1.1M
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$156.6K $34.80/SF
− Vacancy
−$20.7K −$4.59/SF
EGI
$135.9K $30.21/SF
− OpEx
−$40.8K −$9.06/SF
NOI
$95.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,903,000
Cap Rate 7%
$1,359,286
Cap Rate 9%
$1,057,222
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,150 @ 7.0% cap · market cap 5.44%
Second Best
Office B
$984.4K
$861.4K – $1.15M
NOI $68,910 @ 7.0% cap · market cap 3.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,847
Businesses Nearby
Explore this area
Business Placement
Demographics for 10543, NY
21,296
Population
8,141
Households
2.6
Avg Household Size
41
Median Age
57%
College-Educated
89%
High-School Grad
4.3 sq mi
ZIP Area
4,953
Density / Sq Mi
$128,418
Median Household Income
$69,176
Median Earnings
$2,030
Median Rent
$710,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 property combines occupied commercial space with vacant upper-level offices and access to a shared rear parking lot.
Where is this mixed-use property located?
The property is located at 410 Mamaroneck Avenue Mamaroneck, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two separate, two‑story buildings totaling 4,500 SF; C‑2 zoning with 50’ of Mamaroneck Avenue frontage; Over 35’ of frontage on Mount Pleasant Avenue
