495 Central Park AveScarsdale, NY 10583

Property Details for 495 Central Park Ave

Year built

1953

Lot size

2.03 AC

Property size (Sq ft)

3,381 SF

Zone code

CA

Property type

Showrooms

APN

552689 8.410-298-11

APU

552689841029811

Description

This exceptional three-story office building, located at 495 Central Park Avenue in Scarsdale, New York, 10583, offers a variety of office spaces ideal for medical, executive, or traditional office uses. The building totals 36,309 square feet, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 3,647 square feet. Currently, 4,847 square feet is available for lease. Built in 1972 and renovated in 1980, the building is classified as Class B. The property boasts ample parking with 115 spaces available. Its convenient location on Central Park Avenue, north of Underhill Road and south of South Healy Avenue (west side), provides easy access to the Bronx River and Sprain Brook Parkways. The building features a ground floor retail space, with office suites on the second and third floors. The building already houses numerous medical tenants, creating a thriving and established medical community. This presents a unique opportunity for businesses seeking a well-maintained, conveniently located office space in a desirable Scarsdale setting. Inquire today to learn more about available suites and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $639,577

  6.5%

  $590,379

  7%

  $548,209

• Comparable approach

  Method

  Valuation

  Relative Method

  $459,432

  Geo Method

  $459,432

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,151,300

  Mixed-Use / Specialty

  $588,274

  Hospitality / Lodging

  $431,598

  Office

  $584,779

  Institutional / Educational

  $611,568

  Residential Income

  $715,535

  Multifamily

  $858,174

  Automotive / Energy

  $524,201

  Parking / Income-Based Land

  $180,895

  Restaurant / Food Service

  $305,966

  Healthcare / Senior Housing

  $603,264

Location Insight

City

Scarsdale

County

Westchester

State

New York

Latitude

41.0054

Longitude

-73.8127

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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