Storefront Commercial
5 Mangin Road, Monroe, NY 10950
For Sale
New
$3,779,000
The property provides a substantial footprint for storefront operations.
Property Size10,000 SF
Price / SF$377.90
Days on Market4
Property Features for 5 Mangin Road
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Blooming Realty
(516) 822-1222
Listed By:
Moche Halpern
(845) 388-1900
Source:
Longislandhomeslist
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 5:26AM
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 Blooming Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property contains 10,000 square feet of commercial space. The recorded year built is 1775.
Key Highlights
- 10,000 sq ft of commercial space
- Year built: 1775
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,716
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,320
$2.4M
Cap Rate 7%
$1,738,800
$1.7M
Cap Rate 9%
$1,352,400
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$180.0K $18.00/SF
− Vacancy
−$6.1K −$0.61/SF
EGI
$173.9K $17.39/SF
− OpEx
−$52.2K −$5.22/SF
NOI
$121.7K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,434,320
Cap Rate 7%
$1,738,800
Cap Rate 9%
$1,352,400
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,082 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10950, NY
62,741
Population
17,531
Households
3.6
Avg Household Size
21
Median Age
26%
College-Educated
85%
High-School Grad
36.8 sq mi
ZIP Area
1,705
Density / Sq Mi
$77,123
Median Household Income
$38,496
Median Earnings
$1,693
Median Rent
$458,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Orange County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - The property provides a substantial footprint for storefront operations.
Where is this storefront property located?
The property is located at 5 Mangin Road Monroe, NY.
What is the asking price?
The asking price for this property is $3,779,000.
What are key features of this property?
This property features: 10,000 sq ft of commercial space; Year built: 1775
