58 & 62 Maple Ave Mount Kisco, NY
Asking PriceMaple Ave Apartments presents the opportunity to acquire a 21-unit, two-building, free-market multifamily portfolio in the Village of Mount Kisco, New York.
The property is 100% free-market — not subject to rent stabilization or ETPA. In-place rents sit roughly 35% below achievable market levels, representing over $187,000 of embedded annual upside. With substantially all tenancies month-to-month, the next owner has an unusually direct, near-term path to mark-to-market through renewals and natural turnover — no long lease tails, and zero regulatory drag.
Major systems are sound and well-maintained: the roofs are approximately 15 years old, and the boilers are approximately 15 years old at 62 Maple and roughly 30 years old at 58 Maple.
Apartment conditions vary — some units are turnkey, some need light cosmetic work, and others a fuller renovation. That spread is the value-add: every turnover is a chance to upgrade and re-lease into the rent gap.
About the Area
The masonry walk-up buildings at 58 & 62 Maple Avenue sit within walking distance of downtown Main Street and the Mount Kisco Metro-North station, with near-immediate access to the Saw Mill River Parkway — a perennially attractive address for commuter and workforce tenants alike.
Interested in this property?
Inquire within for a full offering memorandum.
