Two-Building Medical Office
For Sale
Contact for pricing
116 N Central Avenue Unit 2, Hartsdale, NY 10530
Existing dental office configuration with on-site parking and access to transit in Hartsdale.
Property Size4,825 SF
Price / SF$518.13
Days on Market64
Property Features for 116 N Central Avenue Unit 2
General Information
Standard status
Active
Size
4,825 SF
Total Parking Spaces
15
Property subtype
Business
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$21,928
Building Details
Building Size
4,825 SF
Buildings
2
Stories
2
Listing Agency:
New Concept Sheiks Realty Inc.
Listed By:
Sheik Khan · License #10311203596
(718) 320-4700
Source:
Totallywestchester
Added: Aug 15
Changed: Oct 2
Last Checked: Oct 16 at 5:05PM
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 New Concept Sheiks Realty Inc.
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Investment Insights
Based on property information with market context.
This medical office property comprises two buildings with a two-story configuration and approximately 4,825 square feet of space. The interior is arranged for dental office use and can accommodate medical or dental professional operations. Approximately 15 on-site parking spaces serve the property.
Located at 116 N Central Ave 2 in Hartsdale, the property fronts N Central Ave and offers access to local transit. WalkScore is 53, BikeScore is 24, and TransitScore is 67.
Located at 116 N Central Ave 2 in Hartsdale, the property fronts N Central Ave and offers access to local transit. WalkScore is 53, BikeScore is 24, and TransitScore is 67.
Key Highlights
- Approximately 4,825 sf across two buildings
- Two‑story medical office configuration
- Existing dental office layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,599
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,980
$1.6M
Cap Rate 7%
$1,122,843
$1.1M
Cap Rate 9%
$873,322
$873.3K
Market Conditions
NOI Build-Up for 4,825 SF
Gross rent
$144.8K $30.00/SF
− Vacancy
−$13.8K −$2.85/SF
EGI
$131.0K $27.15/SF
− OpEx
−$52.4K −$10.86/SF
NOI
$78.6K $16.29/SF
Area
Westchester County, NY
Vacancy
9.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,980
Cap Rate 7%
$1,122,843
Cap Rate 9%
$873,322
Alternative Uses
Best Use
Healthcare Medical
$1.12M
$982.5K – $1.31M
NOI $78,599 @ 7.0% cap · market cap 3.14%
Second Best
Office B
$1.06M
$923.6K – $1.23M
NOI $73,886 @ 7.0% cap · market cap 2.96%
Theoretical Best
Retail
$1.46M
$1.28M – $1.70M
NOI $102,022 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10530, NY
13,037
Population
6,795
Households
1.9
Avg Household Size
50
Median Age
65%
College-Educated
94%
High-School Grad
3.9 sq mi
ZIP Area
3,343
Density / Sq Mi
$118,114
Median Household Income
$75,575
Median Earnings
$2,334
Median Rent
$445,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Hartsdale Veterinary Hospital — 193 E Hartsdale Ave, Hartsdale, NY 10530
- Petco Vaccination Clinic — 324 N Central Ave, Hartsdale, NY 10530
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental office configuration with on-site parking and access to transit in Hartsdale.
Where is this medical office space located?
The property is located at 116 N Central Avenue Unit 2 Hartsdale, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 4,825 sf across two buildings; Two‑story medical office configuration; Existing dental office layout
