Two-Story Retail
For Sale
$2,600,000
75 E Central Avenue, Pearl River, NY 10965
Renovated commercial space features an elevator and a dedicated entrance to the upper floor.
Property Size7,500 SF
Price / SF$346.67
Days on Market108
Property Features for 75 E Central Avenue
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
5
Property subtype
Commercial
Zoning
CS
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$37,889
Amenities
elevator
kitchen area
private parking
assigned parking
backyard space
Building Details
Building Size
7,500 SF
Buildings
1
Stories
2
Listing Agency:
Joyce Realty Corp
(845) 735-7100
Listed By:
Joseph Sclafani · License #10401214127
(845) 480-2634
Source:
Croninreale
Added: Jul 9
Changed: Oct 23
Last Checked: Oct 23 at 11:17AM
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 Joyce Realty Corp
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Investment Insights
Based on property information with market context.
At 75 E Central Avenue, this 7,500-square-foot retail property occupies a renovated two-story building. An elevator serves the building, and the second floor has a separate entrance. A kitchen area is available, and the property is zoned CS. Cooling, heating, and lighting are listed among the available commercial utilities.
The property is in downtown Pearl River, two blocks from the train station with service to Manhattan. Bus service, shops, and restaurants are nearby. Parking options include private assigned spaces and municipal parking; backyard space is also located behind the building.
The property is in downtown Pearl River, two blocks from the train station with service to Manhattan. Bus service, shops, and restaurants are nearby. Parking options include private assigned spaces and municipal parking; backyard space is also located behind the building.
Key Highlights
- 7,500‑square‑foot, two‑story retail property
- Renovated building with elevator
- Separate entrance for the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,620
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,112,400
$2.1M
Cap Rate 7%
$1,508,857
$1.5M
Cap Rate 9%
$1,173,556
$1.2M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$157.5K $21.00/SF
− Vacancy
−$6.6K −$0.88/SF
EGI
$150.9K $20.12/SF
− OpEx
−$45.3K −$6.04/SF
NOI
$105.6K $14.08/SF
Area
Rockland County, NY
Vacancy
4.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,112,400
Cap Rate 7%
$1,508,857
Cap Rate 9%
$1,173,556
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,620 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,119 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 41%
Groceries 15%
McDonald's
Dining
28,815 visits/mo
0.4 miles
Food Fair
Groceries
23,836 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
21,714 visits/mo
0.2 miles
Shell
Shops & Services
15,582 visits/mo
0.4 miles
76
Shops & Services
14,427 visits/mo
0.3 miles
Demographics for 10965, NY
15,342
Population
5,937
Households
2.6
Avg Household Size
44
Median Age
47%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$136,970
Median Household Income
$67,163
Median Earnings
$2,036
Median Rent
$560,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Renovated commercial space features an elevator and a dedicated entrance to the upper floor.
Where is this retail space located?
The property is located at 75 E Central Avenue Pearl River, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 7,500‑square‑foot, two‑story retail property; Renovated building with elevator; Separate entrance for the second floor
