Versatile Commercial Asset Near
For Sale
$1,800,000
699 N Macquesten Pkwy, Mount Vernon, NY 10552
Location. Visibility. Versatility.
Property Size5,000 SF
Lot Size0.20 Acres
Price / SF$360
Days on Market236
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 Agency:
EDWARD L. LOMBARDI RE LLC
Listed By:
Maria Cioffi
(914) 494-0076
Added: Feb 23
Changed: Apr 8
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,722
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,440
$2.1M
Cap Rate 7%
$1,510,314
$1.5M
Cap Rate 9%
$1,174,689
$1.2M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$174.0K $34.80/SF
− Vacancy
−$23.0K −$4.59/SF
EGI
$151.0K $30.21/SF
− OpEx
−$45.3K −$9.06/SF
NOI
$105.7K $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 Rate 5%
$2,114,440
Cap Rate 7%
$1,510,314
Cap Rate 9%
$1,174,689
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,000
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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.
