USANYMohegan Lake1860 E Main St
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1860 E Main St, Mohegan Lake, NY

Real Estate

For Sale

Listed price in listed location currency (USD).
$4,250,000

000

MLS® 917981

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $44,355
Days Active 113
Approx. Age 1904
MLS® Number 917981

Property Address: 1860 E Main St, Mohegan Lake, NY, 10547-1226

Average square foot calculated using Size range provided by listing agent.

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
MLS® Number917981
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1904
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 29, 2025List Date
$4,250,000List Price
Jan 12, 2026End Date
$1,800Sold Price

Leased

Nov 25, 2024List Date
$1,800List Price
  • Commute

Commute

Starting Address
Destination Address
1860 E Main St, Mohegan Lake, NY

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