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New 16-Unit Apartment Complex
For Sale
$11,500,000

500 Commerce Street, Hawthorne, NY 10532

New 16-unit apartment complex in Mount Pleasant.

Property SizeContact for details
Lot Size0.70 Acres
Days on Market1035

Property Features for 500 Commerce Street

General Information

Standard status Active
Lot size 0.70 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $132,000

Amenities

Central air
Dryer
Washer
Garage
Central Air Cooling
Electric Heating
Forced Air Heating
Parking Lot

Building Details

Year Built 2022
Listing Agency: ERA INSITE REALTY SERVICES
Listed By: MICHAEL D'ONOFRIO · License #30DO0491138
Source: Corcoran
Added: Oct 12, 2023 Changed: Aug 8 Last Checked: Aug 8 at 6:07AM

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 ERA INSITE REALTY SERVICES

Investment Insights

Based on property information with market context.

Liberty Plaza is a new 16-unit complex located in Mount Pleasant. The property features 12 two-bedroom units and 4 one-bedroom units. The rentals are described as spacious. Interior features include LVT floors, central AC and heating systems, LG stainless steel appliances, quartz countertops, LED mirrors, subway tile bathrooms, and porcelain floors. The property includes indoor garage parking for tenants, additional guest parking, and a dedicated green area. An on-site fitness room and an intercom system are available for residents. Each unit has a separate mechanical room. The property is located within walking distance of Metro North and the village. Construction is expected to be completed before the end of the year.

Key Highlights

  • Brand new 16‑unit complex in the heart of Mount Pleasant.
  • Spacious rentals: 12 two‑bedroom and 4 one‑bedroom units.
  • Ample indoor garage parking for tenants and additional guest parking.

Property Analytics

Current Use

ATM Atm

Suggested Use

Top Pick Parking Lot & Garage Daycare Center Catering Service Bakery Food Market (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

523
Businesses Nearby

Demographics for 10532, NY

5,115
Population
1,887
Households
2.7
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
2.3 sq mi
ZIP Area
2,224
Density / Sq Mi
$134,662
Median Household Income
$70,690
Median Earnings
$3,501
Median Rent
$675,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - New 16-unit apartment complex in Mount Pleasant.
Where is this apartment building located?
The property is located at 500 Commerce Street Hawthorne, NY.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Brand new 16‑unit complex in the heart of Mount Pleasant.; Spacious rentals: 12 two‑bedroom and 4 one‑bedroom units.; Ample indoor garage parking for tenants and additional guest parking.
More about this property
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