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    Pound Ridge Mixed-Use Opportunity Title is generated by Realmo AI

    259 Westchester Avenue, Pound Ridge, NY 10576

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    Claim this Listing
    For Sale
    $2,499,000

    SINGLE_FAMILY - Pound Ridge, NY

    Type:Retail
    Lot size:
    0.27 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    72
    Last Refresh:
    May 14 at 4:06 am

    Property Features for 259 Westchester Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    02
    Rooms
    Basement
    Basement
    Storage Space
    Standard status
    Active
    APN
    4600-000-000-09820-032
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    23961

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Floors in Building
    2
    Number of units
    3
    Building materials
    Frame

    We can help!

    Listing Contact
    Justin Pieragostini
    Justin Pieragostini

    Listing agent Justin Pieragostini License #10401203604

    Listing office Coldwell Banker Realty 202 Katonah Ave, White Plains, NY

    Listing date Mar 3, 2026

    MLS# 964970

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

    HighLights

    • Income‑producing mixed‑use property with long‑term tenants, offering a strong return on investment.
    • Fully renovated main building/showroom/retail space with a $1.5M investment in improvements.
    • Exquisite three‑bedroom, two‑bath residential rental with private entry and outdoor patio.
    • Renovated two‑story barn with new Heat and AC, suitable for storage, office, studio, or potential residential conversion.
    • High‑visibility location in the heart of Pound Ridge, near notable landmarks and ample parking.
    • Unique historical property, formerly the Samuel Parker house and Schelling's Market, now featuring The Huntress retail store.

    Overview

    This mixed-use property in the historic hamlet of Pound Ridge offers an investment or end-user opportunity. The property, formerly the Samuel Parker house built in 1860 and later Schelling's Market and Samuel Parker Cafe, has been completely renovated. It features a main building with a showroom/retail space, a three-bedroom residential rental, and a two-story renovated barn. The retail showroom is an expansive space with wide plank reclaimed hardwood flooring, ample lighting, a kitchen, and a bath, suitable for retail or general office use. The residential apartment has a private entry, an outdoor patio, a great room with a vaulted ceiling, a primary bedroom with a vaulted ceiling, a primary bath with a claw-foot tub and a walk-in closet, and two additional bedrooms sharing a bathroom. The two-story barn has new heat and AC, with a first-floor garage/storage space/utility room and a large expansive space/studio/office on the second floor that can possibly be converted to residential. Located on the corners of Routes 124, 172, and 137, the property has high visibility and ample on-site parking. It is located next door to the town-owned Conant Hall and nearby the Hiram Halle Library and Pound Ridge Historical Society. The property is directly across the street from The Inn at Pound Ridge by Jean-Georges.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Noelle Healing: Reiki ... Alternative Medicine Practice The Huntress New York ... Home Decor Store Hedgerow (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Dental Office Auto Repair Shop Nail Salon Gym & Fitness Center HVAC Service Garden Center Furniture & Home Goods Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pound Ridge
    County
    Westchester
    State
    New York
    Longitude
    -73.5743976
    Latitude
    41.209349

    Nearby Similar for Sale

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      2,197 SF

      Two Commercial Buildings in Pound Ridge

      Two commercial buildings with office and studio space for sale.
      26-28 Westchester Avenue, Pound Ridge, NY 10576
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    • $2,500,000

      In-Town Mixed-Use Investment Property

      Mixed-use property in Pound Ridge with retail and residential units.
      70 Westchester Avenue, Pound Ridge, NY 10576
      View Details
    • $2,499,000
      4,255 SF

      Multifamily Property with 6.80% CAP

      Multifamily property featuring a 6.80% CAP rate and 3 units.
      259 Westchester Ave, Pound Ridge, NY 10576
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, residential rental, and renovated barn.
    Where is this mixed-use property located?
    The property is located at 259 Westchester Avenue Pound Ridge, NY.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: Income‑producing mixed‑use property with long‑term tenants, offering a strong return on investment.; **Fully renovated main building/showroom/retail space with a $1.5M investment in improvements.**; Exquisite three‑bedroom, two‑bath residential rental with private entry and outdoor patio.
    (914) 447-3396
    We can help!
    Listing Contact
    Justin Pieragostini
    Justin Pieragostini
    Real Estate License ID: 10401203604
    Learn More
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    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
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