Art Deco Retail
For Sale
$1,750,000
81 Main Street, Greenburgh, NY 10522
A former bank building combines distinctive period architecture with a flexible interior on Main Street.
Property Size5,242 SF
Price / SF$333.84
Days on Market30
Property Features for 81 Main Street
General Information
Standard status
Active
Size
5,242 SF
Property subtype
Retail
Building Details
Year Built
1927
Listing Agency:
Bauman Realtors
(914) 886-3879
Listed By:
Carmen A. Bauman · License #10491214486
(914) 646-9182
Source:
Neilcharlesrealestate
Added: Oct 2
Changed: Oct 30
Last Checked: Oct 30 at 1:49AM
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 Bauman Realtors
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Investment Insights
Based on property information with market context.
Built in 1927, this 5,242-square-foot retail property has an Art Deco exterior, a barrel-vaulted ceiling reaching approximately 38 feet, and an original bank vault. Its interior also retains distinctive architectural details and offers a flexible layout. The building was constructed for use as a bank.
The property sits on Main Street in the DB (Downtown Business) zoning district. Restaurants, shops, and other amenities are nearby, with the Metro-North station and Hudson River waterfront within walking distance. Existing architectural plans and development materials are available for review. Any future use or redevelopment is subject to municipal approvals and independent due diligence.
The property sits on Main Street in the DB (Downtown Business) zoning district. Restaurants, shops, and other amenities are nearby, with the Metro-North station and Hudson River waterfront within walking distance. Existing architectural plans and development materials are available for review. Any future use or redevelopment is subject to municipal approvals and independent due diligence.
Key Highlights
- 5,242‑square‑foot retail property built in 1927
- Approximately 38‑foot barrel‑vaulted ceiling and original bank vault
- Art Deco exterior with distinctive architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,839
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,216,780
$2.2M
Cap Rate 7%
$1,583,414
$1.6M
Cap Rate 9%
$1,231,544
$1.2M
Market Conditions
NOI Build-Up for 5,242 SF
Gross rent
$182.4K $34.80/SF
− Vacancy
−$24.1K −$4.59/SF
EGI
$158.3K $30.21/SF
− OpEx
−$47.5K −$9.06/SF
NOI
$110.8K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,216,780
Cap Rate 7%
$1,583,414
Cap Rate 9%
$1,231,544
Alternative Uses
Best Use
Retail
$1.58M
$1.39M – $1.85M
NOI $110,839 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,690
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 73%
Shops & Services 27%
The Food Emporium
Groceries
9,539 visits/mo
0.4 miles
BP
Shops & Services
2,865 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
728 visits/mo
0.3 miles
Demographics for 10522, NY
11,587
Population
4,074
Households
2.8
Avg Household Size
42
Median Age
67%
College-Educated
94%
High-School Grad
2.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$167,927
Median Household Income
$74,988
Median Earnings
$2,346
Median Rent
$719,300
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A former bank building combines distinctive period architecture with a flexible interior on Main Street.
Where is this retail space located?
The property is located at 81 Main Street Greenburgh, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5,242‑square‑foot retail property built in 1927; Approximately 38‑foot barrel‑vaulted ceiling and original bank vault; Art Deco exterior with distinctive architectural details
