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    Bedford Hills Landmark Building Title is generated by Realmo AI

    52 Babbitt Road, Bedford Hills, NY 10507

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    For Sale
    $3,300,000

    1920s brick building with development and income potential.

    Type:Commercial
    Lot size:
    0.50 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    113
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 52 Babbitt Road

    General Information

    Standard status
    Active
    Lot size
    0.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    CRAIG SIANO

    Listing agent CRAIG SIANO

    Listing office SIANO & COMPANY LTD.

    Listing date Jan 24, 2026

    Source Corcoran

    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 SIANO & COMPANY LTD.

    HighLights

    • Prime location directly across from the train station in Bedford Hills.
    • Multifamily and retail zoning with municipal sewer access, offering significant development and income potential.
    • Unique architectural features including 20‑foot ceilings, exposed structural beams, and oversized industrial windows.
    • Large private parking lot and frontage on two streets, providing excellent visibility and accessibility.
    • Exceptional flexibility for a wide range of uses, including mixed‑use development, multifamily conversion, retail, creative workspace, or specialty commercial.
    • Historic 1920's brick landmark building, offering a character‑rich investment opportunity.

    Overview

    This 1920s brick landmark building is located in the heart of Bedford Hills, directly across from the train station. The property features 20-foot ceilings, exposed structural beams, and oversized industrial windows. An extra-large loading door provides flexibility for various uses. The building has frontage on two streets and includes a large private parking lot, offering visibility and accessibility. The property is zoned for multifamily and retail use and has municipal sewer access, enhancing its development and income potential. This historic structure is suitable for mixed-use development, multifamily conversion, retail, creative workspace, or specialty commercial use. It is located in a transit-oriented, walkable location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CrossFit Bedford Hills Gym & Fitness Center Sally Siano & Associates ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bedford Hills
    County
    Westchester
    State
    New York
    Longitude
    -73.6992
    Latitude
    41.2368

    Nearby Similar for Sale

    • $3,300,000

      Historic Bedford Hills Landmark Building

      1920s brick building with redevelopment potential in Bedford Hills.
      52 Babbitt Road, Bedford Hills, NY 10507
      View Details
    • $799,000
      1,739 SF

      Bedford Multifamily Investment Opportunity

      Two well-maintained homes in prestigious Bedford, move-in ready.
      680 Harris Road, Bedford Hills, NY 10507
      View Details
    • $489,900
      1,199 SF

      Bedford Hills Turn-Key End Unit

      2-bedroom, 2-bathroom end unit near downtown Bedford Hills.
      208 Harris Road D4A, Bedford Hills, NY 10507
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 1920s brick building with development and income potential.
    Where is this mixed-use property located?
    The property is located at 52 Babbitt Road Bedford Hills, NY.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Prime location directly across from the train station in Bedford Hills.; Multifamily and retail zoning with municipal sewer access, offering significant development and income potential.; Unique architectural features including **20‑foot ceilings, exposed structural beams, and oversized industrial windows.**
    (914) 241-3200
    We can help!
    Listing Contact
    CRAIG SIANO
    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.

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