1860 E Main Street, Mohegan Lake, NY

$4,250,000

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9,552

Square feet

4.36

Acres

About 1860 E Main Street

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

Features of 1860 E Main Street

MLS® # 917981
Price $4,250,000
Bathrooms 0.00
Square Footage 9,552
Acres 4.36
Taxes $44,355
Year Built 1904
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 1860 E Main Street
City Mohegan Lake
County Westchester County
State NY
Zip Code 10547
Adult 55+ Community No

Amenities

Utilities Cable Connected, Electricity Connected, Propane, Sewer Connected, Trash Collection Public
Parking Unassigned
Is Waterfront Yes
Waterfront Lake Front, Lake Privileges
Has Pool No

Interior

Heating Oil
Cooling Wall/Window Unit(s)
Has Basement Yes
Basement Full
Fireplace No

Exterior

Exterior Vinyl Siding

School Information

District Lakeland
Elementary George Washington Elementary School
Middle Lakeland-Copper Beech Middle Sch
High Lakeland High School

Additional Information

Date Listed September 26th, 2025
Days on Market 131
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHoulihan Lawrence Inc.
Contact Info914-962-4900

Listing Map

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