Freestanding Flex Space with
57 S Central Ave, Elmsford, NY 10523
For Sale
$1,499,900
A renovated office-and-warehouse layout pairs dedicated administrative areas with multiple loading options and below-grade storage.
Property Size8,300 SF
Lot Size0.21 Acres
Price / SF$180.71
Days on Market25
Property Features for 57 S Central Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Additional Details
Utilities to Site
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
J T P Properties, LLC
Listed By:
Jeffrey Pirzinger
(914) 623-8004
Source:
Searchhomesinlongisland
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 J T P Properties, LLC
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Investment Insights
Based on property information with market context.
At 57 S Central Ave in Elmsford, this freestanding, single-story flex property offers approximately 5,800 square feet above grade, including about 2,600 square feet of renovated office space. The office layout includes four offices, a conference room, reception, kitchen, two bathrooms and storage closets. Warehouse space has concrete floors and exposed ceilings. Loading features include two drive-in entrances and a dock with enclosed storage; a below-grade cellar adds further storage capacity. HVAC, CCTV, an alarm system and exterior security lighting are among the building’s improvements.
The property occupies a generally level 9,148-square-foot parcel, or approximately 0.21 acres, along South Central Avenue (Route 9A). It is in Elmsford’s Light Industrial zoning district. The source identifies warehousing, distribution, manufacturing, office/showroom, research and development, and storage among the uses, subject to municipal verification and approvals.
The stated 8,300-square-foot building total includes the above-grade space, dock storage and basement. The warehouse has 14-foot ceilings, and the site includes five parking spaces.
The property occupies a generally level 9,148-square-foot parcel, or approximately 0.21 acres, along South Central Avenue (Route 9A). It is in Elmsford’s Light Industrial zoning district. The source identifies warehousing, distribution, manufacturing, office/showroom, research and development, and storage among the uses, subject to municipal verification and approvals.
The stated 8,300-square-foot building total includes the above-grade space, dock storage and basement. The warehouse has 14-foot ceilings, and the site includes five parking spaces.
Key Highlights
- Approximately 5,800 square feet of above‑grade space, including approximately 2,600 square feet of renovated office area
- Approximately 2,500‑square‑foot below‑grade cellar for storage
- Warehouse has 14‑foot ceiling heights and two drive‑in loading entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,746
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,634,920
$2.6M
Cap Rate 7%
$1,882,086
$1.9M
Cap Rate 9%
$1,463,844
$1.5M
Market Conditions
NOI Build-Up for 8,300 SF
Gross rent
$219.1K $26.40/SF
− Vacancy
−$16.4K −$1.98/SF
EGI
$202.7K $24.42/SF
− OpEx
−$70.9K −$8.55/SF
NOI
$131.7K $15.87/SF
Area
Westchester County, NY
Vacancy
7.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,634,920
Cap Rate 7%
$1,882,086
Cap Rate 9%
$1,463,844
Alternative Uses
Best Use
Flex RnD
$1.88M
$1.65M – $2.20M
NOI $131,746 @ 7.0% cap · market cap 8.78%
Second Best
Warehouse
$1.82M
$1.59M – $2.12M
NOI $127,193 @ 7.0% cap · market cap 8.48%
Theoretical Best
Specialty Retail
$5.49M
$4.80M – $6.40M
NOI $384,145 @ 7.0% cap · market cap 25.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10523, NY
9,489
Population
3,727
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
91%
High-School Grad
3.6 sq mi
ZIP Area
2,636
Density / Sq Mi
$115,809
Median Household Income
$64,776
Median Earnings
$3,004
Median Rent
$526,000
Median Home Value
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Market
Properties on Market for Flex space in Westchester County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Network Realty — 158 E Main St, Elmsford, NY 10523
- Belcher Catering, LLC — 7 Old Knollwood Rd, Elmsford, NY 10523
- MixedByNic — Taxter Rd, Elmsford, NY 10523
- Pizza Luca — 75 N Saw Mill River Rd, Elmsford, NY 10523
Frequently Asked Questions
What type of property is this?
Flex space - A renovated office-and-warehouse layout pairs dedicated administrative areas with multiple loading options and below-grade storage.
Where is this flex space located?
The property is located at 57 S Central Ave Elmsford, NY.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Approximately 5,800 square feet of above‑grade space, including approximately 2,600 square feet of renovated office area; Approximately 2,500‑square‑foot below‑grade cellar for storage; Warehouse has 14‑foot ceiling heights and two drive‑in loading entrances
