529-533 NY-52, Carmel Hamlet, NY 10512 For Sale

529–533 Route 52 offers investors the opportunity to acquire a fully occupied, cash-flowing mixed-use property in Carmel, New York. The 4.12-acre parcel includes three buildings totaling approximately 32,437 square feet, with 11 residential apartments, 12 commercial units, and approximately 60 on-site parking spaces.

529 is a standalone office building. 531 includes six residential units and six commercial units, while 533 includes five residential units above five commercial units.

The property currently generates gross annual income of approximately $560,000, with an in-place NOI of approximately $380,000. The tenant mix includes residential, retail, office, service, and daycare users, with many long-term occupants who have indicated a desire to remain at the property.

In-place cash flow is supported by strong occupancy, while future ownership has several practical avenues to increase income. Residential rents remain below market, creating room for growth through renewals and natural turnover. There is also a potential pathway to reconfigure select units in the larger building into two-bedroom apartments, subject to municipal approval.

Additional upside may come from future commercial rent adjustments, improved expense recoveries, operational efficiencies, and the use of available land for a potential ground or telecommunications lease. Pro forma NOI is projected at approximately $448,000.

The roofs and parking lot have been fully renovated, helping limit near-term capital requirements. The property also benefits from high visibility along Route 52, convenient access, ample parking, and a location adjacent to Lake Carmel.

Seller financing is available for qualified buyers, subject to mutually acceptable terms and a financing structure that maintains the seller in a first-priority secured position.