823 Post RdScarsdale, NY 10583

Property Details for 823 Post Rd

Lot size

0.18 AC

Property size (Sq ft)

3,806 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

552489 60./4/23

APU

55248960423

Description

This exceptional commercial property, located at 823 Post Road in Scarsdale, New York, presents a compelling investment opportunity boasting an over 8% capitalization rate. Situated on a high-traffic corner, at the intersection of White Plains Road and Brook Street, this building benefits from excellent visibility and accessibility, just off the Bronx River Parkway. The property's strategic location within a densely populated residential area ensures a substantial customer base. The surrounding neighborhood comprises over 40,000 residents with an average household income exceeding $310,000, providing a strong foundation for sustained business activity. The flexible floor plan allows for diverse uses, including retail and office spaces, catering to a wide range of potential tenants. Ample parking is available for customer convenience. This is a rare chance to acquire a high-performing commercial asset in a highly desirable and affluent area. The building's strong performance and prime location make it an ideal investment for discerning buyers seeking significant returns. While the square footage and lot size are not currently specified, the property's financial performance and location speak for themselves. This is a truly exceptional opportunity not to be missed. *Information Believed Accurate But Not Warranted*

• CAP approach

  CAP return

  Valuation

  6%

  $780,264

  6.5%

  $720,244

  7%

  $668,798

• Comparable approach

  Method

  Valuation

  Relative Method

  $770,803

  Geo Method

  $770,803

• Alternative Use

  Use

  Valuation

  Residential

  $720,244

  Hospitality

  $659,740

  Educational

  $548,896

  Medical

  $567,773

  Retail

  $853,838

Location Insight

City

Scarsdale

County

Westchester

State

New York

Latitude

40.9764

Longitude

-73.803

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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