Bronxville/Yonkers Medical Office
For Sale
$1,995,000
1 W Pondfield Rd, Bronxville, NY 10708
15,878 SF medical office building in desirable Westchester submarket.
Property Size15,787 SF
Price / SF$125.65
Days on Market149
Property Features for 1 W Pondfield Rd
General Information
Standard status
Active
Size
15,787 SF
Taxes and HOA fees
Annual Taxes
$48,250
Amenities
Central Air
Oil
On Street
Building Details
Building Size
15,787 SF
Stories
2
Listing Agency:
COMPASS GREATER NY, LLC
(914) 224-8097
Listed By:
Frank Schiavone
(914) 224-8097
Source:
Evrealestate
Added: Apr 3
Changed: Aug 23
Last Checked: Aug 29 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COMPASS GREATER NY, LLC
Investment Insights
Based on property information with market context.
This 15,878 square foot medical professional office building is located in Bronxville/Yonkers. The building contains 14 suites and four street-level storefronts. Currently, the property is 64% occupied, presenting an opportunity for increased income. There are five vacant suites totaling 4,910 square feet available for lease-up. The property is located minutes from the Bronxville Metro-North station, near major Westchester medical infrastructure. The location benefits from strong demographics and above-average household incomes, driving tenant demand from medical, dental, therapy, and allied health practices. The property is suitable for value-add investors seeking income growth in Westchester.
Key Highlights
- 14‑suite medical professional office building with four street‑level storefronts.
- Value‑add opportunity with 4,910 SF of vacant suites ready for lease‑up.
- Located in a desirable Westchester submarket near Bronxville.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$179,450
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,589,000
$3.6M
Cap Rate 7%
$2,563,571
$2.6M
Cap Rate 9%
$1,993,889
$2.0M
Market Conditions
NOI Build-Up for 15,878 SF
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.
Gross rent
$331.5K $20.88/SF
− Vacancy
−$92.3K −$5.81/SF
EGI
$239.3K $15.07/SF
− OpEx
−$59.8K −$3.77/SF
NOI
$179.5K $11.30/SF
Area
Yonkers, NY
Vacancy
27.83%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,589,000
Cap Rate 7%
$2,563,571
Cap Rate 9%
$1,993,889
Alternative Uses
Best Use
Healthcare Medical
$3.61M
$3.16M – $4.21M
NOI $252,422 @ 7.0% cap · market cap 12.65%
Second Best
Office B
$2.56M
$2.24M – $2.99M
NOI $179,450 @ 7.0% cap · market cap 8.99%
Theoretical Best
Multifamily LT 5
$5.49M
$4.80M – $6.40M
NOI $384,211 @ 7.0% cap · market cap 19.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10708, NY
22,299
Population
10,004
Households
2.2
Avg Household Size
45
Median Age
65%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
7,689
Density / Sq Mi
$121,107
Median Household Income
$80,556
Median Earnings
$2,161
Median Rent
$496,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 15,878 SF medical office building in desirable Westchester submarket.
Where is this medical office space located?
The property is located at 1 W Pondfield Rd Bronxville, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 14‑suite medical professional office building with four street‑level storefronts.; Value‑add opportunity with **4,910 SF of vacant suites ready for lease‑up.**; Located in a desirable Westchester submarket near Bronxville.
