Multi-Tenant Office
For Sale
$975,000
49 Smith Avenue, Mount Kisco, NY 10549
An owner leaseback covers half the property, while existing tenants occupy the remainder.
Property Size2,360 SF
Price / SF$413.14
Days on Market108
Property Features for 49 Smith Avenue
General Information
Standard status
Active
Size
2,360 SF
Total Parking Spaces
11
Property subtype
Commercial
Zoning
OC
Occupancy
100%
Additional Details
Condition
Turnkey
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
2,360 SF
Year Built
1907
Buildings
1
Stories
3
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Keller Williams Realty Partner
Listed By:
Mark Boyland
(914) 234-4444
Source:
Gillianstewart
Added: Jul 10
Changed: Oct 23
Last Checked: Oct 23 at 2:32PM
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 Keller Williams Realty Partner
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Investment Insights
Based on property information with market context.
The 2,360-square-foot office building was constructed in 1907 and is zoned OC. The current owner occupies half of the property and is expected to remain after the sale under a leaseback; tenants occupy the other half. The building is fully occupied.
The property is at 49 Smith Avenue in Mount Kisco, near downtown medical, dining, and retail destinations. The Metro-North station and major thoroughfares are also nearby.
The property is at 49 Smith Avenue in Mount Kisco, near downtown medical, dining, and retail destinations. The Metro-North station and major thoroughfares are also nearby.
Key Highlights
- 2,360‑square‑foot office building
- Built in 1907
- Zoned OC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,139
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,780
$722.8K
Cap Rate 7%
$516,271
$516.3K
Cap Rate 9%
$401,544
$401.5K
Market Conditions
NOI Build-Up for 2,360 SF
Gross rent
$64.9K $27.48/SF
− Vacancy
−$16.7K −$7.06/SF
EGI
$48.2K $20.42/SF
− OpEx
−$12.0K −$5.10/SF
NOI
$36.1K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$722,780
Cap Rate 7%
$516,271
Cap Rate 9%
$401,544
Alternative Uses
Best Use
Office B
$516.3K
$451.7K – $602.3K
NOI $36,139 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$712.9K
$623.8K – $831.7K
NOI $49,901 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 10549, NY
16,837
Population
6,339
Households
2.7
Avg Household Size
42
Median Age
60%
College-Educated
88%
High-School Grad
19.1 sq mi
ZIP Area
882
Density / Sq Mi
$122,327
Median Household Income
$67,836
Median Earnings
$1,686
Median Rent
$652,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - An owner leaseback covers half the property, while existing tenants occupy the remainder.
Where is this office building located?
The property is located at 49 Smith Avenue Mount Kisco, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 2,360‑square‑foot office building; Built in 1907; Zoned OC
