Commercial in Westchester County
|Address||1821 East Main Street, Mohegan Lake, NY 10547-1271 show map|
|Price||$2,350,000 show mortgage calculator|
|Est. Sq. Footage||9600|
Unique investment opportunity to own half of the corporation that owns this development site, or to own in its entirety. The property cash flows as is ( 4.5% Cap Rate) with approvals for 4 residential units on 2nd floor and to build another mixed use commercial building on property with 3 commercial and 3 residential units. The construction costs to finalize estimated between $800,000 and $1,000,000. When finalized, the building will be worth $4,226,000 at a 7% Cap Rate.
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