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$4,250,000

Pending

6 months ago

1860 E Main St, Mohegan Lake, NY

House

MLS® 917981

Buyer represented by an agent of Buyer Representation Office

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $44,355
Lot Size 
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
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1904
BasementFull
DrivewayUnassigned
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Sep 29, 2025List Date
$4,250,000List Price
Dec 4, 2025End Date
$1,500Sold Price

Leased

Nov 4, 2025List Date
$1,500List 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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