Office
For Sale
Contact for pricing
69-77 Pondfield Road #GF-8, Eastchester, NY 10708
Reception space and three offices provide a defined layout for business operations.
Property Size20,000 SF
Price / SF$0.19
Days on Market18
Property Features for 69-77 Pondfield Road #GF-8
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Oct 13
Changed: Oct 30
Last Checked: Oct 30 at 2:00AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office suite is configured with a reception area and three offices. The offering is a sublease of the full space, with a shared arrangement also under consideration; prior occupancy included medical uses. Utilities are covered in the rent, and a three-year lease term is preferred.
The property is within a block of the Metro-North station. Public and merchant parking is available on-site.
The property is within a block of the Metro-North station. Public and merchant parking is available on-site.
Key Highlights
- Reception area and 3 offices
- Sublease covers the full suite; sharing may also be considered
- Utilities are included in rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,036
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,520,720
$4.5M
Cap Rate 7%
$3,229,086
$3.2M
Cap Rate 9%
$2,511,511
$2.5M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$417.6K $20.88/SF
− Vacancy
−$116.2K −$5.81/SF
EGI
$301.4K $15.07/SF
− OpEx
−$75.3K −$3.77/SF
NOI
$226.0K $11.30/SF
Area
Yonkers, NY
Vacancy
27.83%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,520,720
Cap Rate 7%
$3,229,086
Cap Rate 9%
$2,511,511
Alternative Uses
Best Use
Office B
$3.23M
$2.83M – $3.77M
NOI $226,036 @ 7.0% cap · market cap 6,109.08%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.91M
$6.05M – $8.07M
NOI $483,953 @ 7.0% cap · market cap 13,079.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
Explore this area
Business Placement
Demographics for 10708, NY
22,299
Population
10,004
Households
2.2
Avg Household Size
45
Median Age
65%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
7,689
Density / Sq Mi
$121,107
Median Household Income
$80,556
Median Earnings
$2,161
Median Rent
$496,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Reception space and three offices provide a defined layout for business operations.
Where is this office unit located?
The property is located at 69-77 Pondfield Road #GF-8 Eastchester, NY.
What are key features of this property?
This property features: Reception area and 3 offices; Sublease covers the full suite; sharing may also be considered; Utilities are included in rent
