1 BroadwayHastings-on-Hudson, NY 10706

Property Details for 1 Broadway

Year built

1995

Lot size

0.07 AC

Property size (Sq ft)

15,800 SF

Zone code

CB

Property type

Investment properties

Property subtype

Live-work space

APN

551800 2.-2003-34.35

APU

551800220033435

Description

This exceptional 18.97-acre commercial land parcel presents a unique opportunity for residential development. Situated in Hastings-on-Hudson, New York, within Westchester County, this ultra-prime site boasts an unparalleled location directly on the banks of the Hudson River. The property, located at 1 S Broadway, zip code 10706, offers breathtaking views and easy access to Manhattan, being less than 20 miles from the city. Its expansive size provides ample space for a large-scale residential project, catering to a variety of development plans. The property's classification as commercial land allows for flexibility in design and construction, making it an attractive investment for developers seeking a prestigious location with significant potential for high returns. Given its size and prime riverfront location, this property represents a rare and highly sought-after opportunity in the competitive New York real estate market. The latitude and longitude coordinates are 40.9905542 and -73.8713099 respectively. This is a truly exceptional opportunity to develop a landmark residential community in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,612,212

  6.5%

  $2,411,272

  7%

  $2,239,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,064,428

  Geo Method

  $2,064,428

• Alternative Use

  Use

  Valuation

  Residential

  $2,989,978

  Hospitality

  $2,738,804

  Educational

  $2,278,652

  Medical

  $2,357,019

  Retail

  $3,544,571

Location Insight

City

Yonkers

County

Westchester

State

New York

Latitude

40.9342

Longitude

-73.8981

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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