Historic Mixed-Use Village
For Sale
$1,895,000
Pending
11-15 Court Rd, Bedford, NY 10506
Multi-tenant property with retail frontage, upper-level offices, landscaped grounds, and on-site parking in a historic village district.
Property Size4,584 SF
Days on Market49
Property Features for 11-15 Court Rd
General Information
Standard status
Pending
Size
4,584 SF
Total Parking Spaces
14
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$22,033
Amenities
separate entrances
landscaped lot
bluestone-walk frontage
beautifully landscaped grounds
Building Details
Building Size
4,584 SF
Year Built
1956
Buildings
1
Stories
3
Units
6
Tenancy
Multi
Listing Agency:
Ginnel Real Estate
Listed By:
Caroline E. Conte
(914) 275-2897
Source:
Elliman
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 4 at 1:57PM
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 Ginnel Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial building provides six separately configured spaces across two primary levels: three first-floor retail units with individual entrances and three second-floor offices. The 5,328-square-foot property also includes 744 square feet of finished third-floor storage. Built in 1956, the building occupies more than half an acre with landscaped grounds, lawn areas, and bluestone-walk frontage. Fourteen parking spaces are included.
The property is located within the Bedford Village Historic District, near the Village Green. Bedford Hills train station is less than 5 minutes away, and Route 684 is only seconds from the property. The configuration supports a combination of retail and office occupancy within a single commercial asset.
The property is located within the Bedford Village Historic District, near the Village Green. Bedford Hills train station is less than 5 minutes away, and Route 684 is only seconds from the property. The configuration supports a combination of retail and office occupancy within a single commercial asset.
Key Highlights
- 5,328‑square‑foot mixed‑use building with 744 square feet of finished third‑floor storage
- Three first‑floor retail spaces with separate entrances
- Three second‑floor office spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,658
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,160
$2.3M
Cap Rate 7%
$1,609,400
$1.6M
Cap Rate 9%
$1,251,756
$1.3M
Market Conditions
NOI Build-Up for 5,328 SF
Gross rent
$185.4K $34.80/SF
− Vacancy
−$24.5K −$4.59/SF
EGI
$160.9K $30.21/SF
− OpEx
−$48.3K −$9.06/SF
NOI
$112.7K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,253,160
Cap Rate 7%
$1,609,400
Cap Rate 9%
$1,251,756
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,658 @ 7.0% cap · market cap 5.95%
Second Best
Office B
$1.17M
$1.02M – $1.36M
NOI $81,589 @ 7.0% cap · market cap 4.31%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 10506, NY
5,762
Population
2,408
Households
2.4
Avg Household Size
46
Median Age
86%
College-Educated
99%
High-School Grad
16.6 sq mi
ZIP Area
347
Density / Sq Mi
$250,001
Median Household Income
$122,917
Median Earnings
$3,188
Median Rent
$1,097,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant property with retail frontage, upper-level offices, landscaped grounds, and on-site parking in a historic village district.
Where is this mixed-use property located?
The property is located at 11-15 Court Rd Bedford, NY.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 5,328‑square‑foot mixed‑use building with 744 square feet of finished third‑floor storage; Three first‑floor retail spaces with separate entrances; Three second‑floor office spaces
