Mixed-Use Building with
43 E MAIN ST Stony Point, NY 10980
43 E MAIN ST, Stony Point, NY, 10980
$799,000
For Sale
$799,000
Mixed-use building features a commercial funeral home on the ground level, with a residential apartment above, plus private parking and a detached garage.
Property Size8,371 SF
Price / SF$95.45
Days on Market150
Property Features for 43 E MAIN ST
General Information
- Standard status
- Active
- Size
- 8,371 SF
- Property subtype
- Mixed Use
Listing agency
Westchester Realty Consultants
(914) 630-5522
Listed by
Joseph Cosentino
(914) 630-5522
Source
Xome
Added: Feb 21 Updated: Jul 21 at 4:19AM Checked: Jul 21 at 4:19AM
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 Westchester Realty Consultants
Investment Insights
Based on property information with market context.
This mixed-use property is currently operating as an established funeral home with dedicated commercial space that is described as fully functional. The building also includes a residential apartment above the commercial area, with multiple rooms and a finished walk-up attic, providing flexible space for living use or additional accommodation. Recent upgrades include new Mitsubishi heat pump and air conditioning systems for modern climate control. Additional building systems include two gas boilers and a hot water heater, along with a detached garage for storage or utility needs.
The property is located on E Main St in Stony Point, with strong visibility and accessibility noted from Main Street. A large private parking lot is available for staff and visitors.
Overall, the layout supports a two-level mixed-use configuration with on-site parking and auxiliary storage, while the commercial space is positioned for continued use or potential conversion to another professional or medical use subject to approvals.
The property is located on E Main St in Stony Point, with strong visibility and accessibility noted from Main Street. A large private parking lot is available for staff and visitors.
Overall, the layout supports a two-level mixed-use configuration with on-site parking and auxiliary storage, while the commercial space is positioned for continued use or potential conversion to another professional or medical use subject to approvals.
Key Highlights
- Mixed‑use building at 43 E Main Street in Stony Point with a commercial funeral home operating on the ground level
- Residential apartment above the commercial space, plus a finished walk‑up attic for additional flexible space
- Recent HVAC upgrades include a Mitsubishi heat pump and air conditioning systems
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.6k | $15.00 |
| − Vacancy | −$15.9k | −$1.91 |
| EGI | $109.6k | $13.10 |
| − OpEx | −$41.1k | −$4.91 |
| NOI | $68.5k | $8.18 |
8,371 SF · lease $15.00/SF/yr · vacancy 12.70% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$1.96M
$1.71M – $2.29M
NOI $137,185 @ 7.0% cap · market cap 17.17%
Second Best
Mixed Use
$978.7K
$856.4K – $1.14M
NOI $68,511 @ 7.0% cap · market cap 8.57%
Theoretical Best
Specialty Retail
$5.53M
$4.84M – $6.46M
NOI $387,431 @ 7.0% cap · market cap 48.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Edward C Finn ...
Social Service Agency
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building features a commercial funeral home on the ground level, with a residential apartment above, plus private parking and a detached garage.
Where is this mixed-use property located?
The property is located at 43 E MAIN ST Stony Point, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Mixed‑use building at 43 E Main Street in Stony Point with a commercial funeral home operating on the ground level; Residential apartment above the commercial space, plus a finished walk‑up attic for additional flexible space; Recent HVAC upgrades include a Mitsubishi heat pump and air conditioning systems
