Lake Mohegan, NY Multifamily properties for sale

$1,950,000

Multi-Use Property with New Restaurant

3432 Lexington Avenue, Mohegan Lake, NY 10547

Versatile property featuring a new restaurant and residential income units.

Brand new, fully installed restaurant space ready for immediate operation or customization.
Strong rental income from three residential units.
All residential units have separate electric meters.
Tenants are on month‑to‑month leases, providing flexibility.
Versatile multi‑use building suitable for investors or owner‑operators.

Updated: Apr 14

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Lakefront Multifamily Investment Opportunity

$4,250,000

4.36 Acres

Lakefront Multifamily Investment Opportunity

1860 E Main Street, Mohegan Lake, NY 10547

17-unit multifamily property with expansion potential on 4.36 acres.

Significant development potential: R‑3 zoning allows for expansion with 30 additional units
Strong in‑place cash flow: Current NOI of $216,064 supports acquisition financing
Lakefront property: Rare opportunity in Westchester County
High potential stabilized value: Projected NOI of $594,000 supports a total value of $7.9M–$8.5M at market capitalization rates
Substantial excess land: Situated on 4.36 acres

Updated: Sep 29, 2025

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Lake Mohegan, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$950,000

Peekskill Quadruplex: Income and Upside

Charming quadruplex in Peekskill with income and value-add potential.

664-666 N Division St, Peekskill, NY 10566

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$779,000

Peekskill Three-Family Corner Lot

Legal three-family property in Peekskill, ideal for investors/owner-occupants.

1619 Lincoln Ter, Peekskill, NY 10566

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$1,400,000

9,145 SF

Highland Falls Mixed-Use Investment

Two commercial buildings with six units in total for sale.

13 Mountain Avenue, Highland Falls, NY 10928

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5,600 SF

Value-Add Mixed-Use Property

Mixed-use property with retail and residential units, value-add potential.

310 Main St, Highland Falls, NY

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$750,000

2,480 SF

Expansive Land Parcel in Holmes

75+ acre land parcel with garage near I-84.

545 Grape Hollow Road, Holmes, NY 12531

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Brooklyn Two-Family Home with Development Potential

$1,888,888

2,660 SF

Brooklyn Two-Family Home with Development Potential

Two-family home on a large lot with significant development potential.

69 Martense Street, Brooklyn, NY 11226

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$1,249,000

1,407 SF

Flatbush Development Property For Sale

40 x 100 lot with R6, C1-2 zoning.

14 E 32nd Street lot: 13, Brooklyn, NY 11226

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0.18 Acres

Land Near Camelback Resort

Open lot near Camelback, suitable for RV, tiny home, or mobile.

250 Big Hill Pass, Scotrun, PA 18355

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Lake Mohegan, NY Multifamily Properties Investment Opportunities Market Analysis

Explore 2 multifamily properties for sale in Lake Mohegan, NY on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $6,200,000.

Sale prices for multifamily properties in Lake Mohegan, NY start at $1,950,000, averaging $3,100,000, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Lake Mohegan, NY Multifamily Properties for Sale

3432 Lexington Avenue, Mohegan Lake, NY 10547

1860 E Main Street, Mohegan Lake, NY 10547