Mid-Century Modern Mixed-Use
40 WESTCHESTER AVE Pound Ridge, NY 10576
40 WESTCHESTER AVE, Pound Ridge, NY, 10576
$1,450,000
For Sale
$1,450,000
Fully leased mixed-use building with main-level retail storefronts and two one-bedroom apartments with private outdoor areas.
Property Size3,870 SF
Price / SF$374.68
Days on Market102
Property Features for 40 WESTCHESTER AVE
General Information
- Standard status
- Active
- Size
- 3,870 SF
- Property subtype
- Mixed Use
Listing agency
Coldwell Banker Realty
(914) 774-5459
Listed by
Elaine Voss · License #RES.0704880
(914) 774-5459
Source
Xome
Added: Apr 12 Updated: Jul 20 at 5:35PM Checked: Jul 22 at 3:45AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
An iconic mid-century modern mixed-use building spanning approximately 3,870 square feet and currently fully leased. The main level is configured for two successful commercial tenants, featuring architectural details and expansive glass storefronts designed to support visibility and natural light. The lower level includes two generously sized one-bedroom, one-bath apartments, each with floor-to-ceiling windows and glass sliding doors that open to outdoor space, including a large backyard and a private covered courtyard.
The property is located in Pound Ridge at Scotts Corners, positioned at the crossroads of New Canaan and Stamford, Connecticut, and Bedford and South Salem, New York. Parking is provided with an upper deck for commercial use and a separate lower level for residential tenants, supporting convenient access for both tenant groups.
Overall, the building combines street-facing retail configuration with two apartment units arranged for light-filled living and direct connection to private outdoor space.
The property is located in Pound Ridge at Scotts Corners, positioned at the crossroads of New Canaan and Stamford, Connecticut, and Bedford and South Salem, New York. Parking is provided with an upper deck for commercial use and a separate lower level for residential tenants, supporting convenient access for both tenant groups.
Overall, the building combines street-facing retail configuration with two apartment units arranged for light-filled living and direct connection to private outdoor space.
Key Highlights
- Fully leased mixed‑use building with main‑level commercial tenants and two apartments in the lower level.
- About 3,870 SF mid‑century modern mixed‑use structure in Scotts Corners.
- Lower level includes two 1‑bedroom, 1‑bath apartments with floor‑to‑ceiling windows and glass sliding doors to outdoor space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.7k | $34.80 |
| − Vacancy | −$17.8k | −$4.59 |
| EGI | $116.9k | $30.21 |
| − OpEx | −$35.1k | −$9.06 |
| NOI | $81.8k | $21.14 |
3,870 SF · lease $34.80/SF/yr · vacancy 13.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,829 @ 7.0% cap · market cap 5.64%
Second Best
Multifamily LT 5
$1.08M
$942.3K – $1.26M
NOI $75,380 @ 7.0% cap · market cap 5.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wittus-Fire by Design
Hardware & Home Improvement
Helen Famulare Spa ...
Alternative Medicine Practice
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use building with main-level retail storefronts and two one-bedroom apartments with private outdoor areas.
Where is this mixed-use property located?
The property is located at 40 WESTCHESTER AVE Pound Ridge, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully leased mixed‑use building with main‑level commercial tenants and two apartments in the lower level.; About 3,870 SF mid‑century modern mixed‑use structure in Scotts Corners.; Lower level includes two 1‑bedroom, 1‑bath apartments with floor‑to‑ceiling windows and glass sliding doors to outdoor space.
