Ground-Floor Office
For Sale
Contact for pricing
531 Central Park Avenue #103, Scarsdale, NY 10583
Two large rooms provide flexible office space with natural light and on-site parking.
Property Size350 SF
Price / SF$4.29
Days on Market28
Property Features for 531 Central Park Avenue #103
General Information
Standard status
Active
Size
350 SF
Property subtype
Office
Additional Details
Floor
First Level
Public Transit
Yes
Property Use
Office
Listing Agency:
Coldwell Banker Realty
(914) 277-5000
Listed By:
Keri Kenny · License #10401337125
(203) 524-8120
Source:
Neilcharlesrealestate
Added: Oct 5
Changed: Oct 30
Last Checked: Oct 30 at 1:57AM
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
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Investment Insights
Based on property information with market context.
This ground-floor office suite at 531 Central Park Avenue, #103, contains two large rooms with natural light. The space measures 350 square feet and includes parking. It is available for lease.
The property is on Central Park Avenue in Scarsdale, with a bus stop at the street and access to nearby parkways. The stated daily traffic count is 23,000.
The property is on Central Park Avenue in Scarsdale, with a bus stop at the street and access to nearby parkways. The stated daily traffic count is 23,000.
Key Highlights
- 350‑square‑foot office suite with two large rooms
- Ground‑floor location at 531 Central Park Avenue, #103
- Natural light in both large rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,360
Suggested Prices Based on Cap Rates
Cap Rate 5%
$107,200
$107.2K
Cap Rate 7%
$76,571
$76.6K
Cap Rate 9%
$59,556
$59.6K
Market Conditions
NOI Build-Up for 350 SF
Gross rent
$9.6K $27.48/SF
− Vacancy
−$2.5K −$7.06/SF
EGI
$7.1K $20.42/SF
− OpEx
−$1.8K −$5.10/SF
NOI
$5.4K $15.31/SF
Area
Westchester County, NY
Vacancy
25.70%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$107,200
Cap Rate 7%
$76,571
Cap Rate 9%
$59,556
Alternative Uses
Best Use
Office B
$76.6K
$67.0K – $89.3K
NOI $5,360 @ 7.0% cap · market cap 357.33%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$105.7K
$92.5K – $123.4K
NOI $7,401 @ 7.0% cap · market cap 493.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
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Business Placement
Demographics for 10583, NY
41,589
Population
14,914
Households
2.8
Avg Household Size
43
Median Age
81%
College-Educated
98%
High-School Grad
12.4 sq mi
ZIP Area
3,354
Density / Sq Mi
$250,001
Median Household Income
$118,226
Median Earnings
$2,476
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two large rooms provide flexible office space with natural light and on-site parking.
Where is this office unit located?
The property is located at 531 Central Park Avenue #103 Scarsdale, NY.
What are key features of this property?
This property features: 350‑square‑foot office suite with two large rooms; Ground‑floor location at 531 Central Park Avenue, #103; Natural light in both large rooms
