Listing Agency: CENTURY 21 DAWNS GOLD Show Phone

Listed By: Mohammed Sayem · License #10301208930 Show Phone

Added: Apr 12, 2023 Changed: Sep 4 Last Checked: Sep 19 at 6:06AM

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MLS# 11167825

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This vacant detached corner property contains three units within an approximately 3,000-square-foot building, excluding the basement. The residential component consists of two 2-bedroom units, including one duplex. A separate 1,200-square-foot commercial area is included and may be divided into two offices in accordance with the CO. The property needs work and also provides a walk-out basement.

Located at 200 Ashford Avenue in Dobbs Ferry, the property is accessible via the Sawmill River Parkway. Site features include a backyard, a concrete driveway with 4-car parking, and ample street parking in the surrounding area.

Key Highlights

• Three‑unit mixed‑use configuration with two 2‑bedroom residential units and one commercial space
• Approximately 3,000 square feet above the basement
• 1,200‑square‑foot commercial area can be divided into two offices as per CO

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$23,374

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

3.12%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$467,480 $467.5K

Cap Rate 7%

$333,914 $333.9K

Cap Rate 9%

$259,711 $259.7K

Market Conditions

NOI Build-Up for 1,200 SF 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.

Gross rent

$35.7K $29.76/SF

− Vacancy

−$2.3K −$1.93/SF

EGI

$33.4K $27.83/SF

− OpEx

−$10.0K −$8.35/SF

NOI

$23.4K $19.48/SF

Area

Westchester County, NY

Vacancy

6.50%

Lease Rate

$29.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$467,480

Cap Rate 7%

$333,914

Cap Rate 9%

$259,711

Alternative Uses

Best Use

Multifamily LT 5

$333.9K

$292.2K – $389.6K (±1% cap)

NOI $23,374 @ 7.0% cap · market cap 3.12%

Second Best

Apartment 5plus

$294.0K

$257.3K – $343.0K (±1% cap)

NOI $20,582 @ 7.0% cap · market cap 2.75%

Theoretical Best

Retail

$362.5K

$317.2K – $422.9K (±1% cap)

NOI $25,373 @ 7.0% cap · market cap 3.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Storage Facility (Bike/Boat/Book/etc) Store Bakery Butcher Computer & Electronic Repair

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

Lease Details

1

Office units

2

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

780

Businesses Nearby

Explore this area Business Placement

Demographics for 10522, NY

11,587

Population

4,074

Households

2.8

Avg Household Size

42

Median Age

67%

College-Educated

94%

High-School Grad

2.4 sq mi

ZIP Area

4,828

Density / Sq Mi

$167,927

Median Household Income

$74,988

Median Earnings

$2,346

Median Rent

$719,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Quadplex with Basement Potential

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$1,150,000

1,581 SF

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Three-Story Office Building

18 Ashford Ave, Dobbs Ferry, NY 10522

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12,400 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Vacant building combines two residential units with commercial space and a walk-out basement.

Where is this mixed-use property located?

The property is located at 200 Ashford Avenue Dobbs Ferry, NY.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Three‑unit mixed‑use configuration with two 2‑bedroom residential units and one commercial space; Approximately 3,000 square feet above the basement; 1,200‑square‑foot commercial area can be divided into two offices as per CO