Mixed-Use Investment Near
For Sale
Contact for pricing
557 N MacQuesten Pkwy, Mount Vernon, NY 10552
Mixed-use property with transit access and income upside.
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$333.33
Days on Market183
Property Features for 557 N MacQuesten Pkwy
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
6
Lot size
0.12 Acres
Property subtype
Mixed Use, Multifamily, Retail
Investment Type
Stabilized
Building Details
Units
4
Tenancy
Multi
Listing Agency:
The Agency
(914) 262-2598
Listed By:
Bryan Lanza · License #NY 10401287317
Source:
Crexi
Added: Feb 17
Changed: Aug 8
Last Checked: Aug 18 at 11:00PM
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 The Agency
Investment Insights
Based on property information with market context.
Located at 557 North MacQuesten Parkway, Mount Vernon, NY, this mixed-use property offers an investment opportunity in southern Westchester. The building has approximately 3,000 square feet of rentable building area on a 0.12-acre lot. It features four tenants in five units, including two retail and two residential units. The property is strategically positioned 0.3 miles from Fleetwood Metro-North Station and under one mile from Mount Vernon West Station, providing commuter accessibility into Manhattan. The location benefits from a good transit score and traffic counts of approximately 3,278 vehicles per day along North MacQuesten Parkway. The surrounding area is undergoing transformation, with mixed-use and multifamily developments such as Opal 115 at Mount Vernon West, Qwest Towers, The Modern, and the Waltemade senior housing redevelopment. The Enclave at Fleetwood, a gated luxury rental community, is located next door. The population within a one-mile radius exceeds 49,000 residents with a median household income of approximately $81,800. The property has a current gross operating income of approximately $117,600, with a market-aligned income of approximately $133,200. Half of the interior units have been recently renovated, and significant portions of the roof have been replaced in the past few years. On-site washer and dryer benefit residential tenant satisfaction and retention. The property is self-managed with long-standing, low-turnover tenants and consistently high occupancy. The property is near major mixed-use and residential projects, including Opal 115, Qwest Towers, Waltemade Senior Housing, and The Modern.
Key Highlights
- Prime transit‑oriented location: Just a short walk (0.3 miles, 7‑9 min) to Fleetwood Metro‑North Station for rapid access to Manhattan.
- Significant income upside: Current gross operating income ~$117,600 with potential to increase to ~$133,200 with market‑aligned rents.
- High‑traffic commercial exposure: Benefits from approximately 3,278 vehicles per day on North MacQuesten Parkway and a good transit score (~96).
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
$63,433
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
6.34%
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%
$1,268,660
$1.3M
Cap Rate 7%
$906,186
$906.2K
Cap Rate 9%
$704,811
$704.8K
Market Conditions
NOI Build-Up for 3,000 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
$104.4K $34.80/SF
− Vacancy
−$13.8K −$4.59/SF
EGI
$90.6K $30.21/SF
− OpEx
−$27.2K −$9.06/SF
NOI
$63.4K $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%
$1,268,660
Cap Rate 7%
$906,186
Cap Rate 9%
$704,811
Alternative Uses
Best Use
Retail
$906.2K
$792.9K – $1.06M
NOI $63,433 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,455 @ 7.0% cap · market cap 5.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,145
Businesses Nearby
Explore this area
Business Placement
Demographics for 10552, NY
21,296
Population
10,143
Households
2.1
Avg Household Size
44
Median Age
52%
College-Educated
90%
High-School Grad
1.7 sq mi
ZIP Area
12,527
Density / Sq Mi
$97,105
Median Household Income
$60,329
Median Earnings
$1,770
Median Rent
$331,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with transit access and income upside.
Where is this mixed-use property located?
The property is located at 557 N MacQuesten Pkwy Mount Vernon, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime transit‑oriented location: Just a short walk (0.3 miles, 7‑9 min) to Fleetwood Metro‑North Station for rapid access to Manhattan.; Significant income upside: Current gross operating income ~$117,600 with potential to increase to ~$133,200 with market‑aligned rents.; High‑traffic commercial exposure: Benefits from approximately 3,278 vehicles per day on North MacQuesten Parkway and a good transit score (~96).
