425 Saw Mill River RdArdsley, NY 10502

Property Details for 425 Saw Mill River Rd

Lot size

4.85 AC

Zone code

GI

Property type

Office buildings

APN

552689 8.430-304-1

APU

55268984303041

Description

This exceptional 57,293-square-foot, single-story flex industrial warehouse in Ardsley, NY, presents a rare investment opportunity. Located on a 7.03-acre lot in the GI General Industrial District (Section V), this property boasts 100% occupancy with a diverse tenant roster including General Motors Corp, HD Supply - White Cap, and US Foods. Leases are in place on a triple-net (NNN) basis, offering both short and long-term lease flexibility. The building features 8 dock-high doors, 3 loading docks, and ample parking for 200 vehicles. Ceiling heights range from 15 to 16 feet. The property also includes a separate 1,800-square-foot single-family residence. With its strategic location providing excellent access to major highways and the New York metropolitan area, this asset represents a strong investment in a currently undersupplied industrial market. The total building square footage is 59,093 square feet, with 57,293 square feet being net rentable.

• CAP approach

  CAP return

  Valuation

  6%

  $34,928,580

  6.5%

  $32,241,766

  7%

  $29,938,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,604,016

  Geo Method

  $27,604,016

• Alternative Use

  Use

  Valuation

  Residential

  $39,979,792

  Hospitality

  $36,621,272

  Educational

  $30,468,470

  Medical

  $31,516,326

  Retail

  $47,395,396

Location Insight

City

Ardsley

County

Westchester

State

New York

Latitude

40.9989

Longitude

-73.8573

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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