Versatile Westchester Commercial
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595 WARBURTON AVE, Hastings on Hudson, NY 10706
29,506 SF commercial building in Hastings-on-Hudson.
Property Size29,560 SF
Lot Size0.33 Acres
Price / SF$211.43
Days on Market101
Property Features for 595 WARBURTON AVE
General Information
Standard status
Active
Size
29,560 SF
Lot size
0.33 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
CC | Central Commercial
Building Details
Year Built
1910
Stories
2
Units
1
Listing Agency:
The Agency
(914) 262-2598
Listed By:
Bryan Lanza · License #NY 10401287317
Source:
Crexi
Added: May 22
Changed: Aug 22
Last Checked: Aug 29 at 1:50PM
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 The Agency
Investment Insights
Based on property information with market context.
Located in the Rivertowns market of Westchester County, this commercial building at 595 Warburton Avenue offers approximately 29,506 square feet of space. Situated on about 10.33 acres across three tax parcels, the property has a strategic downtown location with frontage on Warburton Avenue and Maple Avenue. It provides accessibility, visibility, and proximity to the Hastings-on-Hudson Metro-North train station and the Hudson River waterfront. Currently configured as a retail and automotive facility, the semi-attached two-story masonry and steel structure includes a functional lower level with drive-out access. Originally built around 1910, the building is in average overall condition. It features multiple drive-in doors, including one oversized overhead door with approximately 14-foot clear height and additional 10-foot clear overhead doors. The layout includes retail frontage, office space, automotive service areas, storage, and a ramp system connecting multiple levels. The second floor is used for storage and vehicle-related operations, while the lower level provides repair and warehouse capability. The property also includes approximately 15 on-site parking spaces and a separately deeded parking lot across the street on Villard Avenue. The property is suitable for automotive operators, contractors, specialty trades, storage users, light industrial businesses, creative flex operators, breweries, fitness concepts, and experiential retail users. The Village of Hastings-on-Hudson has a population of approximately 8,590 residents with a median household income approaching $140,000. The surrounding area includes residential, retail, restaurant, office, and recreational uses. Nearby points of interest include the Hastings-on-Hudson Metro-North Station, MacEachron Waterfront Park, and the downtown Hastings retail and dining corridor.
Key Highlights
- High income potential: Projected to generate over $531,000 in annual gross income with a stabilized net operating income of $415,000-$420,000.
- Strategic location in the desirable Rivertowns market of Westchester County, with excellent accessibility, visibility, and proximity to the Hastings‑on‑Hudson Metro‑North train station.
- Versatile building featuring multiple drive‑in doors, including one oversized 14‑foot clear height door, a unique ramp system, and flexible floorplans.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$558,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,173,680
$11.2M
Cap Rate 7%
$7,981,200
$8.0M
Cap Rate 9%
$6,207,600
$6.2M
Market Conditions
NOI Build-Up for 29,560 SF
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.
Gross rent
$993.2K $33.60/SF
− Vacancy
−$99.3K −$3.36/SF
EGI
$893.9K $30.24/SF
− OpEx
−$335.2K −$11.34/SF
NOI
$558.7K $18.90/SF
Area
Yonkers, NY
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,173,680
Cap Rate 7%
$7,981,200
Cap Rate 9%
$6,207,600
Alternative Uses
Best Use
Mixed Use
$7.98M
$6.98M – $9.31M
NOI $558,684 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.22M
$8.94M – $11.92M
NOI $715,283 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
Explore this area
Business Placement
Demographics for 10706, NY
9,339
Population
3,413
Households
2.7
Avg Household Size
45
Median Age
73%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
3,459
Density / Sq Mi
$177,031
Median Household Income
$99,545
Median Earnings
$1,999
Median Rent
$866,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 29,506 SF commercial building in Hastings-on-Hudson.
Where is this mixed-use property located?
The property is located at 595 WARBURTON AVE Hastings on Hudson, NY.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: High income potential: Projected to generate over $531,000 in annual gross income with a stabilized net operating income of $415,000-$420,000.; Strategic location in the desirable Rivertowns market of Westchester County, with excellent accessibility, visibility, and proximity to the Hastings‑on‑Hudson Metro‑North train station.; Versatile building featuring multiple drive‑in doors, including one oversized 14‑foot clear height door, a unique ramp system, and flexible floorplans.
