500 Commerce Street, Hawthorne, NY 10532
New 16-unit apartment complex in Mount Pleasant, NY.
- Added:
- Oct 17, 2023
- Days on Market:
- 995
- Last Refresh:
- Apr 5 at 9:53 pm
Property Features for 500 Commerce Street
General Information
- Standard status
- Active
- Size
- 37,230 SF
- Lot size
- 0.70 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2022
Listing office ERA Insite Realty Services (914) 329-4559
Listing date Oct 17, 2023
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of ERA Insite Realty Services
HighLights
- Brand new 16‑unit complex in the heart of Mount Pleasant.
- 12 two‑bedroom & 4 one‑bedroom spacious rentals.
- Ample indoor garage parking for tenants and additional guest parking.
- High‑end finishes: LVT floors, quartz countertops, subway tile bathrooms with porcelain floors, and LED mirrors.
- All LG stainless steel appliances and central AC and heating systems.
- On‑site fitness room and dedicated green area.
Overview
Local Financial Insights For Apartment 5plus
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 | $1.23M | $33.00 |
| − Vacancy | −$67.6k | −$1.82 |
| EGI | $1.16M | $31.19 |
| − OpEx | −$522.5k | −$14.03 |
| NOI | $638.6k | $17.15 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hawthorne
- County
- Westchester
- State
- New York
- Longitude
- -73.7923
- Latitude
- 41.113
