37 Purchase StRye, NY 10580

Property Details for 37 Purchase St

Year built

1925

Lot size

0.12 AC

Property size (Sq ft)

1,200 SF

Property type

Investment properties

Property subtype

Live-work space

APN

551400 146-7-2-23

APU

5514001467223

Description

This exceptional Class A office space, located at 37 Purchase Street in Rye, New York, 10580, offers 1,000 square feet of versatile space suitable for a variety of businesses. The property is ideally situated in Rye's vibrant downtown shopping district, providing convenient access to a diverse range of shops, restaurants, and services. Its location offers unparalleled commuter convenience, being just a short distance from the Metro North train line, providing a 35-minute ride to Grand Central Terminal in Midtown Manhattan. The building features two parking spaces and an elevator for easy access. The space is currently configured as a traditional office but is easily adaptable to a creative office layout. This property presents a unique opportunity to establish a presence in a thriving, upscale community that combines coastal living with the convenience of a quick commute to New York City. Rye, NY, is a highly desirable location known for its timeless elegance, rich history, and strong census data. The city's compact size belies its character and charm, offering a blend of village-like cuteness and city amenities. This is a truly unique opportunity to secure office space in one of New York City's most sought-after suburban locations. The property is perfect for businesses seeking a prestigious address and convenient access to both local amenities and the broader New York metropolitan area.

• CAP approach

  CAP return

  Valuation

  6%

  $198,396

  6.5%

  $183,135

  7%

  $170,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $156,792

  Geo Method

  $156,792

• Alternative Use

  Use

  Valuation

  Residential

  $227,087

  Hospitality

  $208,010

  Educational

  $173,062

  Medical

  $179,014

  Retail

  $269,208

Location Insight

City

Rye

County

Westchester

State

New York

Latitude

40.9829

Longitude

-73.6848

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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