$4,250,000 - 1860 E Main Street, Mohegan Lake, NY 10547｜ID # 917981
| ID # | 917981 |
| Construction Year | 1904 |
| Taxes (per year) | $44,355 |
| Fuel Type | Oil |
| Air Conditioning | Wall Unit AC |
| Basement | Full basement |
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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
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Listing courtesy of Houlihan Lawrence Inc. © 2026
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