Endcap Retail
For Sale
$349,900
29 BROADWAY, Haverstraw, NY 10927
Renovated end-cap retail space with 14-foot ceilings and pegboard walls, offered with condo maintenance covering heat and water.
Property Size2,036 SF
Price / SF$171.86
Days on Market70
Property Features for 29 BROADWAY
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Retail
Amenities
3
Listing Agency:
Houlihan Lawrence
(914) 588-1585
Listed By:
Houlihan Lawrence Commercial · License #10301208172
(914) 588-1585
Source:
Xome
Added: Jun 20
Changed: Aug 27
Last Checked: Aug 26 at 6:02AM
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 Houlihan Lawrence
Investment Insights
Based on property information with market context.
This end-cap retail condo offers renovated interior space with 14-foot ceilings and pegboard walls, presented as a ready-to-operate business location. The unit includes an awning and benefits from prominent signage on a main commercial street.
Located at 29 N Broadway in downtown Yonkers, the property is just blocks from the Yonkers Metro-North train station and near a municipal public parking garage. The condo maintenance fee is $511 per month and includes heat and water.
The offering is available for sale, and the space is also described as available for lease.
Located at 29 N Broadway in downtown Yonkers, the property is just blocks from the Yonkers Metro-North train station and near a municipal public parking garage. The condo maintenance fee is $511 per month and includes heat and water.
The offering is available for sale, and the space is also described as available for lease.
Key Highlights
- Renovated end‑cap retail condo in the heart of Getty Square downtown business district
- Over 2,000 SF of retail space with 14‑foot ceilings and pegboard walls
- Awning and signage on a main commercial street
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
$28,672
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
8.19%
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%
$573,440
$573.4K
Cap Rate 7%
$409,600
$409.6K
Cap Rate 9%
$318,578
$318.6K
Market Conditions
NOI Build-Up for 2,036 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
$42.8K $21.00/SF
− Vacancy
−$1.8K −$0.88/SF
EGI
$41.0K $20.12/SF
− OpEx
−$12.3K −$6.04/SF
NOI
$28.7K $14.08/SF
Area
Rockland County, NY
Vacancy
4.20%
Lease Rate
$21.00 /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%
$573,440
Cap Rate 7%
$409,600
Cap Rate 9%
$318,578
Alternative Uses
Best Use
Retail
$409.6K
$358.4K – $477.9K
NOI $28,672 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,231 @ 7.0% cap · market cap 26.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Electronics 24%
Webster Bank
Shops & Services
2,550 visits/mo
0.1 miles
Boost Mobile
Electronics
795 visits/mo
0.1 miles
Demographics for 10927, NY
12,323
Population
4,180
Households
2.9
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
2.0 sq mi
ZIP Area
6,162
Density / Sq Mi
$67,447
Median Household Income
$35,950
Median Earnings
$1,741
Median Rent
$361,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Renovated end-cap retail space with 14-foot ceilings and pegboard walls, offered with condo maintenance covering heat and water.
Where is this retail space located?
The property is located at 29 BROADWAY Haverstraw, NY.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Renovated end‑cap retail condo in the heart of Getty Square downtown business district; Over 2,000 SF of retail space with 14‑foot ceilings and pegboard walls; Awning and signage on a main commercial street
