For Sale
$8,800,000

871 Commerce StThornwood, NY 10594

Mixed-use properties, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents an 11-property portfolio located in Thornwood, Westchester County, NY, priced at $8,800,000. The portfolio boasts a diverse mix of property types, including a retail-office building at 871 Commerce Street with potential for residential conversion, six townhouses in the Marble Heights complex (recently appraised at approximately $700,000 each), an additional townhouse at The Crossings at Thornwood, a five-bedroom, four-bathroom house on Commerce Street, a house on an oversized lot on Westchester Avenue, and a renovated triplex at 825 Franklin Avenue. The retail-office building currently houses Thornwood Dental Care and Shear Performance Hair Designs. The portfolio's diverse composition offers significant potential for future appreciation and income generation. The properties are situated in a desirable location within the Village of Thornwood, Mount Pleasant, New York, and offer a compelling investment opportunity with a 5.09% pro forma capitalization rate and a Net Operating Income (NOI) of $447,758. Detailed financial information is available upon request. Offers for individual properties or portions of the portfolio will be considered. The portfolio includes addresses on Commerce Street, Franklin Avenue, Westchester Avenue, Rockhagen Road, and Larissa Lane, all within the 10594 zip code. This is a rare opportunity to acquire a well-established, income-producing portfolio in a thriving Westchester County location.

Highlights

  • $8,800,000 asking price for an eleven-property portfolio in Thornwood, NY.
  • Mixed-use portfolio including office, retail, and residential properties.
  • 5.09% pro forma capitalization rate.
  • $447,758 Net Operating Income (NOI).
  • Portfolio includes a retail/office building, six townhouses in the Marble Heights complex, one townhouse at The Crossings at Thornwood, a five-bedroom house on Commerce Street, a house on Westchester Avenue, and a renovated triplex on Franklin Avenue.

Property Details for 871 Commerce St

Property type
Retail properties, Office properties

Location Insight

City
Thornwood
County
Westchester
State
New York
Latitude
41.122768542802
Longitude
-73.781493290564
871 Commerce St, Thornwood, New York

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871 Commerce St
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