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    Medical Office with Apartments Title is generated by Realmo AI

    103 N Broadway, Tarrytown, NY

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    Tarrytown building featuring a medical office and two apartments.

    Type:OFFICE
    Property size:
    4,500 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $244/SF
    Added:
    May 8, 2025
    Days on Market:
    403
    Last Refresh:
    May 19 at 10:56 pm

    Property Features for 103 N Broadway

    General Information

    Standard status
    Active
    Size
    4,500 SF
    Lot size
    0.14 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Christian Dedvukaj

    Listing agent Christian Dedvukaj

    Listing office Princeton Realty Group

    Listing date May 8, 2025

    Source Moodyscre

    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 Princeton Realty Group

    HighLights

    • Ground floor medical office space offers immediate income potential.
    • Two (2) two‑bedroom apartments provide additional rental income.
    • Parking available for 10 cars is a valuable amenity.
    • Upgraded electrical service enhances building functionality.
    • Separate gas boilers and meters for each unit offer individual control and billing.
    • Desirable Tarrytown, New York location.

    Overview

    This property is located in Tarrytown, New York, and features a ground floor medical office space with two two-bedroom apartments above. Parking is available for 10 cars. The building has upgraded electrical service, as well as separate gas boilers and meters for each unit. The top apartment is currently vacant, and the dentist office lease expires in October 2025. The building has a property size of 4500 square feet.

    Local Financial Insights For Apartment 5plus

    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 $148.5k $33.00
    − Vacancy −$8.2k −$1.82
    EGI $140.3k $31.19
    − OpEx −$63.1k −$14.03
    NOI $77.2k $17.15
    4,500 SF · lease $33.00/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.10M
    $964.8K – $1.29M (±1% cap)
    NOI $77,183 @ 7.0% cap · market cap 7.02%
    Second Best
    Healthcare Medical
    $1.05M
    $916.3K – $1.22M (±1% cap)
    NOI $73,305 @ 7.0% cap · market cap 6.66%
    Theoretical Best
    Retail
    $1.36M
    $1.19M – $1.59M (±1% cap)
    NOI $95,150 @ 7.0% cap · market cap 8.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Sleepy Hollow Animal Hospital — 340 N Broadway, Sleepy Hollow, NY 10591
    • Green Brian J DVM — 340 N Broadway, Sleepy Hollow, NY 10591

    Location Insight

    • Map
    • Local Demand
    City
    Tarrytown
    County
    Westchester
    State
    New York
    Longitude
    -73.8581
    Latitude
    41.0798

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    FAQs

    What type of property is this?
    Medical Office Space - Tarrytown building featuring a medical office and two apartments.
    Where is this medical office space located?
    The property is located at 103 N Broadway Tarrytown, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Ground floor medical office space offers immediate income potential.; Two (2) two‑bedroom apartments provide additional rental income.; Parking available for 10 cars is a valuable amenity.
    (914) 815-6367 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christian Dedvukaj
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