NY
Westchester
Mohegan Lake
10547
1860 E Main Street
1860 E Main Street, Mohegan Lake, NY 10547
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Listing Type
Commercial/Industrial
Listing Status
Active
32
$4,250,000

Home Details for 1860 E Main Street

Price
$4,250,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1904
Lot size acres
4.36
County
Westchester
Garage
Basement
Full
Days on site
55
MLS Listing#
917981
Property Description

17-unit lakefront multifamily situated on 4.36 acres with substantial excess land. R-3 Multifamily zoning supports expansion of 30 additional units (buyer to verify) Strong in-place cash flow with $216,064 NOI supports acquisition financing. As-is value estimated at $2.7M–$3.0M based on current income. Development upside: 30 new units at $1,500/month generate $378,000 incremental NOI. Stabilized NOI of $594,000 supports $7.9M–$8.5M total value at market caps. Flexible execution: hold for cash flow, phased development, or full build-out. Rare combination of income + lakefront development opportunity in Westchester County

Property Features
  • Utilities
    • Cable Connected
    • Electricity Connected
    • Propane
    • Sewer Connected
  • Waterfront and Water Access
    • Lake Front
    • Lake Privileges
    • Waterfront Access
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Oil
  • Water Features
    • Public
  • Parking
    • Unassigned
  • Basement
    • Full
School Information
School Information for 1860 E Main Street, Mohegan Lake, NY 10547
Elementary School
George Washington Elementary School
Middle School
Lakeland-Copper Beech Middle Sch
High School
Lakeland High School
Listing Courtesy: Houlihan Lawrence Inc. - 914-962-4900
Presented by: Kenneth Lefkowitz
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 OneKey MLS. All Rights Reserved
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
EXIT REALTY PRIVATE CLIENT
75 South Broadway, Suite 430, White Plains, NY 10601
Office
914 222 1000
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