Versatile Commercial Asset Near
699 N Macquesten Pkwy Mount Vernon, NY 10552
699 N Macquesten Pkwy, Mount Vernon, NY, 10552
$1,800,000
For Sale
$1,800,000
Location. Visibility. Versatility.
Property Size5,000 SF
Lot Size0.20 Acres
Price / SF$360
Days on Market144
Property Features for 699 N Macquesten Pkwy
General Information
- Standard status
- Active
- Property type
- Other retail properties, Office buildings, Medical space, Retail properties & Spaces, Office Spaces, Healthcare properties
- Size
- 5,000 SF
- Class
- C
- Total Parking Spaces
- 8
- Lot size
- 0.20 Acres
Building Details
- Year Built
- 1931
- Buildings
- 1
Listing Office
EDWARD L. LOMBARDI RE LLC
(914) 494-0076
Listed by
Maria
(914) 494-0076
Added: Feb 23 Checked: Apr 8 at 2:26 pm
Investment Insights
Based on property information with market context.
This 5,000 SF multi-use commercial asset is positioned directly across from the Fleetwood Train Station. It is situated on a corner lot with access to major highways. The building features 12' ceilings and a private parking deck accommodating 8–9 vehicles. The interior is configured for medical office and light manufacturing, and includes a waiting room, reception area, four examination rooms, a kitchen, locker room, flexible workspace, and four powder rooms. An additional 2,455 SF 3/4 basement provides workshop and storage capacity. Permitted uses include industrial, manufacturing, medical, office, retail, and warehouse. The surrounding neighborhood is undergoing a transformation, driven by new luxury rental developments and high-end residential demand. This property is located at 699 N Macquesten Pkwy, Mount Vernon, NY 10552.
Local Financial Insights For Retail
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 | $174.0k | $34.80 |
| − Vacancy | −$23.0k | −$4.59 |
| EGI | $151.0k | $30.21 |
| − OpEx | −$45.3k | −$9.06 |
| NOI | $105.7k | $21.14 |
5,000 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,722 @ 7.0% cap · market cap 5.87%
Second Best
Healthcare Medical
$1.16M
$1.02M – $1.36M
NOI $81,450 @ 7.0% cap · market cap 4.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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Orthotics & Prosthetics Service
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FAQs
What type of property is this?
Other retail property - Location. Visibility. Versatility.
Where is this other retail property located?
The property is located at 699 N Macquesten Pkwy Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,800,000.
