Mixed-Use Investment Near
557 N MacQuesten Pkwy, Mount Vernon, NY 10552
Mixed-use property with transit access and income upside.
Type:Mixed Use, Multifamily, Retail
Property size:
3,000 SFLot size:
0.12 AcresPrice / SF:
$383/SF- Added:
- Feb 17, 2026
- Days on Market:
- 88
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 557 N MacQuesten Pkwy
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.12 Acres
- Property subtype
- Mixed Use, Multifamily, Retail
Listing agent Bryan Lanza License #NY 10401287317
Listing office Christie’s International Real Estate (914) 262-2598
Listing date Feb 17, 2026
Source Crexi
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 Christie’s International Real Estate
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).
- Strong tenant occupancy: Long‑standing, low‑turnover tenants ensure consistently high occupancy.
- Surrounded by new development: Multiple major mixed‑use and residential projects underway nearby.
- Mixed‑use property: Features two retail and two residential units, providing diversified income streams.
Overview
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.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$704.8K
NOI $63,433 @ 9.00% cap · cautious / downside scenario
Moderate
$906.2K
NOI $63,433 @ 7.00% cap · market / base-case scenario
Aggressive
$1.27M
NOI $63,433 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.4k | $34.80 |
| − Vacancy | −$13.8k | −$4.59 |
| EGI | $90.6k | $30.21 |
| − OpEx | −$27.2k | −$9.06 |
| NOI | $63.4k | $21.14 |
3,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$906.2K
$792.9K – $1.06M
NOI $63,433 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,455 @ 7.0% cap · market cap 4.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Deportee Studio
Recording Studio
Maidpower - Russ Enterprises ...
Hardware & Home Improvement
Statewide Ambulette
Ambulance Service
Genuine Construction Incorporated
Construction Company
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Westchester
- State
- New York
- Longitude
- -73.8412246
- Latitude
- 40.9239726
Nearby Similar for Sale
FAQs
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 $1,150,000.
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).
