Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1 Oakridge Pl, Unit 2k Eastchester, NY 10709

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $385,000

    Two-bedroom coop in Eastchester with access to Lake Isle.

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Margie Lelia
    Margie Lelia
    Source: Elliman

    Listing Agent: Margie Lelia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Eastchester Coop with Lake Isle Access

    This two-bedroom, two-bath coop in Eastchester offers 1100 square feet of living space. The unit features refinished hardwood floors, an updated bathroom, and closet space. The layout is designed for easy flow. The property is located near a shopping center, buses, train, schools, shops, restaurants, and a library. Residents have access to the Lake Isle Country Club, which includes an 18-hole golf course, indoor and outdoor tennis facilities, and five pools. Laundry and mailboxes are located off the lobby.
    Location Intelligence

    Current Use by Public Records

    Michael Esther Mary ... Dentist Phoenix Private Car ... Chauffeur Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastchester
    County
    Westchester
    State
    New York
    Longitude
    -73.8120971
    Latitude
    40.9567514

    Nearby Similar for Sale

    • $540,000

      Spacious First Floor Apartment with Patio

      Two-bedroom, first-floor unit with patio in Interlaken Gardens.
      6 Manchester Rd, Eastchester, NY 10709
      View Details
    • $399,000

      Renovated First Floor Apartment with Patio

      Bright, renovated co-op with private patio and in-unit laundry.
      1187 California Rd, Eastchester, NY 10709
      View Details
    • $175,000

      Spacious Co-op in Tuckahoe Heart

      One-bedroom co-op with natural light, close to amenities.
      21 Fairview Ave, Eastchester, NY 10707
      View Details
    • $310,000

      Updated Co-op in Interlaken Gardens

      Bright, updated co-op with included utilities and lake access.
      45 Manchester Rd, Eastchester, NY 10709
      View Details
    • $319,000

      Eastchester Spacious One Bedroom Unit

      Pristine, move-in ready one bedroom near Interlaken Gardens.
      1279 California Rd, Eastchester, NY 10709
      View Details
    • $1,900,000

      Eastchester Retail Property with Income

      Prime real estate with guaranteed income and development potential.
      433 White Plains Rd, Eastchester, NY 10709
      View Details
    • $875,000

      Two-Family Home with Finished Basement

      Two-family residence featuring a finished basement and large backyard.
      47 Morgan St, Eastchester, NY 10709
      View Details
    • $419,000

      Eastchester Multifamily Property for Sale

      Multifamily property in Eastchester, NY, available for purchase.
      1209 California Rd, Eastchester, NY 10709
      View Details
    • $449,000

      Eastchester Apartment Building For Sale

      Apartment building available for purchase in Eastchester, New York.
      1259 C23, Eastchester, NY 10709
      View Details
    • $539,000

      Eastchester Multifamily Property For Sale

      Multifamily property available for purchase in Eastchester, New York.
      1245 California Rd, Eastchester, NY 10709
      View Details
    • $1,149,999

      Eastchester Specialty Property For Sale

      Specialty property available for purchase in Eastchester, New York.
      42 Glen Rd, Eastchester, NY 10709
      View Details
    • $2,500,000
      4,538 SF

      Eastchester Mixed-Use Investment

      High-yield multi-tenant property. Excellent location.
      0 White Plains Rd, Eastchester, NY 10583
      View Details

    FAQs

    What type of property is this?
    Apartment building - Two-bedroom coop in Eastchester with access to Lake Isle.
    Where is this apartment building located?
    The property is located at 1 Oakridge Pl, Unit 2k Eastchester, NY.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Access to Lake Isle Country Club with golf, tennis, and 5 pools; - Prime location: steps to shopping, buses, train, schools, shops, restaurants, and library; - Spacious 1100 sq ft two-bedroom, two-bath unit
    (914) 760-8696
    Request Owner's contact information
    1 Oakridge Pl, Unit 2k Eastchester, NY 10709
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Oakridge Pl, Unit 2k
    Eastchester, NY 10709
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Oakridge Pl, Unit 2k Eastchester, NY 10709
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Margie Lelia
    Margie Lelia
    Real Estate License ID: 414003
    (914) 760-8696
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.