5-Unit Mixed-Use
For Sale
$1,325,222
911 South Street, Peekskill, NY 10566
The fully leased property combines dining, office, and loft spaces, each served by a separate utility meter.
Property Size6,650 SF
Price / SF$199.28
Days on Market123
Property Features for 911 South Street
General Information
Standard status
Active
Size
6,650 SF
Property subtype
Commercial
Zoning
C2
Occupancy
100%
Site & Location
Utilities to Site
Yes
Mixed-Use Components
retail, office, residential
Additional Details
Cap Rate
7.9%
Seating Capacity
74
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$20,894
Building Details
Building Size
6,650 SF
Year Built
1900
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Gillian Stewart Real Estate
(845) 855-5092
Listed By:
Gillian Stewart
(845) 656-4449
Source:
Gillianstewart
Added: Jun 24
Changed: Oct 23
Last Checked: Oct 23 at 2:32PM
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 Gillian Stewart Real Estate
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Investment Insights
Based on property information with market context.
Five independently metered units make up this mixed-use property: a restaurant with seating for 74, an ice cream shop with a lounge, a professional office, and two artist lofts. The 6,650-square-foot complex was built in 1900 and is zoned C2. All five units are currently leased, and the reported cap rate is 7.9%, excluding management fees and minor repairs.
Located on South Street in downtown Peekskill’s Artist District, the property is near local businesses, restaurants, arts and cultural destinations, including the Paramount Theater. The unit mix brings together food service, office, and residential-style loft space within one property.
Located on South Street in downtown Peekskill’s Artist District, the property is near local businesses, restaurants, arts and cultural destinations, including the Paramount Theater. The unit mix brings together food service, office, and residential-style loft space within one property.
Key Highlights
- Five independently metered units: restaurant, ice cream parlor with lounge, office, and two artist lofts
- 6,650‑square‑foot property built in 1900
- Restaurant has capacity for 74 people
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,314
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,280
$2.3M
Cap Rate 7%
$1,633,057
$1.6M
Cap Rate 9%
$1,270,156
$1.3M
Market Conditions
NOI Build-Up for 6,650 SF
Gross rent
$159.6K $24.00/SF
− Vacancy
−$7.2K −$1.08/SF
EGI
$152.4K $22.92/SF
− OpEx
−$38.1K −$5.73/SF
NOI
$114.3K $17.19/SF
Area
Westchester County, NY
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,286,280
Cap Rate 7%
$1,633,057
Cap Rate 9%
$1,270,156
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,611 @ 7.0% cap · market cap 10.61%
Second Best
Specialty Retail
$1.63M
$1.43M – $1.91M
NOI $114,314 @ 7.0% cap · market cap 8.63%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 38%
Dining 19%
C-Town Supermarkets
Groceries
22,362 visits/mo
0.2 miles
Optimum
Shops & Services
7,742 visits/mo
0.2 miles
Dunkin' Donuts
Dining
5,314 visits/mo
0.3 miles
Sinclair
Shops & Services
4,801 visits/mo
0.5 miles
SUBWAY
Dining
4,565 visits/mo
0.1 miles
Demographics for 10566, NY
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,903
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The fully leased property combines dining, office, and loft spaces, each served by a separate utility meter.
Where is this mixed-use property located?
The property is located at 911 South Street Peekskill, NY.
What is the asking price?
The asking price for this property is $1,325,222.
What are key features of this property?
This property features: Five independently metered units: restaurant, ice cream parlor with lounge, office, and two artist lofts; 6,650‑square‑foot property built in 1900; Restaurant has capacity for 74 people
