Multi-Location Retail
$750K Undisclosed Westchester, NY 77777
For Sale
$750,000
Pending
COMMERCIAL - Westchester, NY
Property Size1,900 SF
Days on Market100
Property Features for $750K Undisclosed
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
Building Details
Building materials
Masonite
Listing Agency:
HANMI REALTY
(718) 961-8801
Listed By:
Mi Ryoung Chong
(718) 961-8801
Added: Apr 22
Changed: Jul 2
Last Checked: Jul 30 at 3:06AM
MLS# 11740141
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The offering includes two separately operated storefront locations in southwestern Westchester County. Location #1 operates as an organic dry cleaners and laundry service, offering wash & fold, tailoring, shoe repair restoration, leather and suede care, and rug cleaning. It operates Monday–Friday 9:00am–7:00pm and Saturday 9:00am–6:00pm, and comprises 1,400 square feet. This location is under a new five-year lease that has been renewed every five years for the past 20 years.
Location #1 is described as being downtown next to a bus stop and near multiple residential developments, across the street from a branded gas station with prominent Route 9 intersection frontage, sign visibility, and reported foot and 16k+ car traffic per day. Location #2 is a single-tenant building with a backyard that is occupied and owned by the seller; the building is described as not included in the sale. This second operation covers rug cleaning, organic cleaners, and plant services, operating Monday–Saturday 8:00am–5:00pm, and includes 1,900 square feet.
For buyers or operators seeking an established retail service platform, both locations support a broad package of cleaning and repair services with multiple hours of operation. The seller also indicates financing interest, offering to finance 10% of the sales price for a qualified buyer. The operations currently employ five full-time employees, and the second location is under a new 10-year lease with an option to renew for an additional 10 years.
Location #1 is described as being downtown next to a bus stop and near multiple residential developments, across the street from a branded gas station with prominent Route 9 intersection frontage, sign visibility, and reported foot and 16k+ car traffic per day. Location #2 is a single-tenant building with a backyard that is occupied and owned by the seller; the building is described as not included in the sale. This second operation covers rug cleaning, organic cleaners, and plant services, operating Monday–Saturday 8:00am–5:00pm, and includes 1,900 square feet.
For buyers or operators seeking an established retail service platform, both locations support a broad package of cleaning and repair services with multiple hours of operation. The seller also indicates financing interest, offering to finance 10% of the sales price for a qualified buyer. The operations currently employ five full-time employees, and the second location is under a new 10-year lease with an option to renew for an additional 10 years.
Key Highlights
- Two established businesses on the same street: Organic dry cleaning/laundry/wash & fold, tailoring, shoe repair, leather & suede, rug cleaning, and plant businesses
- Location #1 (1,400 SF) with Mon–Fri 9–7pm and Sat 9–6pm operations; 5‑year lease renewed every 5 years for 20 years; $4,000/mo rent (excl. utilities)
- Location #2 includes a 1,900 SF single‑tenant building where the seller owns/occupies; building not included in sale; Mon–Sat 8–5pm; $6,000/mo rent (excl. utilities)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.8k | $33.60 |
| − Vacancy | −$6.7k | −$3.53 |
| EGI | $57.1k | $30.07 |
| − OpEx | −$17.1k | −$9.02 |
| NOI | $40.0k | $21.05 |
1,900 SF · lease $33.60/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$571.4K
$500.0K – $666.6K
NOI $39,996 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.32M
$1.15M – $1.54M
NOI $92,160 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hastings Funeral Home Inc — 15 Spring St, Hastings-On-Hudson, NY 10706
Frequently Asked Questions
What type of property is this?
Storefront property - Two established storefronts offer laundry, organic dry cleaning, rug cleaning, tailoring, and plant services under renewable lease terms.
Where is this storefront property located?
The property is located at $750K Undisclosed Westchester, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two established businesses on the same street: Organic dry cleaning/laundry/wash & fold, tailoring, shoe repair, leather & suede, rug cleaning, and plant businesses; Location #1 (1,400 SF) with Mon–Fri 9–7pm and Sat 9–6pm operations; 5‑year lease renewed every 5 years for 20 years; $4,000/mo rent (excl. utilities); Location #2 includes a 1,900 SF single‑tenant building where the seller owns/occupies; building not included in sale; Mon–Sat 8–5pm; $6,000/mo rent (excl. utilities)
