Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1234 Central Park Ave Yonkers, NY 10704

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern medical suites, ample parking.

    Lot size:
    6,110 SF

    Property Features for 1234 Central Park Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,110 SF

    Spaces For Lease

    at 1234 Central Park Ave, Yonkers, NY 10704 Contact us

    We can help!

    Listing Contact
    Lisa Daniel
    Lisa Daniel

    Listing Agency: Ripco Real Estate Listing Agent: Lisa Daniel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional medical office building, located at 1234 Central Park Avenue in Yonkers, New York, offers 6,110 square feet of prime space currently available for lease. The building features four individual suites, with a minimum divisible space of 980 square feet and a maximum contiguous space of 3,055 square feet, providing flexibility for various medical practices. The entire 6,110 square feet is currently vacant, presenting a unique opportunity for a single tenant or multiple medical groups seeking collaborative space. The property boasts convenient access and ample parking with 30 spaces available for tenants and their clients. Situated in Westchester County, with a zip code of 10704, this location offers excellent visibility and accessibility for patients. The building is classified as a multi-tenant office building specifically designed for medical use. This is an ideal opportunity for medical professionals seeking a well-maintained, conveniently located space to establish or expand their practice. The property is ready for immediate occupancy. Contact us today to schedule a viewing and explore the possibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Priest Susan Employment Agency Stand-Up MRI of Yonkers Medical Clinic Boczko Stanley H ... Physician Airsoft Westchester (Bike/Boat/Book/etc) Store Dr. Lynn Greene Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8514979
    Latitude
    40.9432388

    Nearby Similar for Lease

    • $2,500 /Mo
      6,098 SF

      Yonkers Office Space For Rent

      Professional office space available in Yonkers, updated in 2025.
      111 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $2,500 /Mo
      306 SF

      Yonkers Office Space For Lease

      Office space available for lease in Yonkers, New York.
      111 Lockwood Ave, Yonkers, NY 10701
      View Details
    • $3,300 /Mo
      5,663 SF

      Bronxville Retail Space For Lease

      Prime 610 sq ft retail space in Chester Heights.
      494 New Rochelle Rd, Bronxville, NY 10708
      View Details
    • $1,300 /Mo

      Yonkers Medical/Executive Office Space

      Renovated office space with ADA accessibility in a prime location.
      2025 Central Park Ave, Yonkers, NY 10710
      View Details
    • $5,200 /Mo

      Bronxville Office Space for Rent

      Office space near train, hospital, and parking in Bronxville.
      12 Studio Arc, Bronxville, NY 10708
      View Details
    • $6,000 /Mo
      2,614 SF

      Yonkers Commercial Space For Rent

      Commercial space suitable for restaurant, bar, or retail business.
      143 Lake Ave, Yonkers, NY 10703
      View Details
    • $14,000 /Mo
      17,890 SF

      Yonkers Storage Facility For Rent

      18,000 SF storage facility in excellent Yonkers location.
      1 Harrison Ave, Yonkers, NY 10705
      View Details
    • $2,890 /Mo
      919 SF

      Bright Office Space in Bronxville

      Spacious office with skylights, convenient to transportation and amenities.
      2 Park Pl, Bronxville, NY 10708
      View Details
    • $2,050 /Mo
      650 SF

      Remodeled Office Space in Bronxville

      Recently remodeled office space in the heart of Bronxville, NY.
      2 Park Pl, Bronxville, NY 10708
      View Details
    • $4,500 /Mo

      Yonkers Retail Storefront Near Transit

      Retail storefront near Glenwood Metro-North station in Yonkers.
      369 Warburton Ave, Yonkers, NY 10701
      View Details
    • $69 SF/Yr
      100 SF

      Office - Yonkers, NY

      Bright office space with excellent public transportation and ample parking.
      570 Yonkers Ave, Yonkers, NY 10704
      View Details
    • $27 SF/Yr
      2,600 SF

      Downtown Yonkers Office Space Available

      Spacious office space in a prime downtown Yonkers location.
      55 Main St, Yonkers, NY 10701
      View Details

    FAQs

    What type of property is this?
    Medical office - Modern medical suites, ample parking.
    Where is this medical office located?
    The property is located at 1234 Central Park Ave Yonkers, NY.
    What are key features of this property?
    This property features: Medical use permitted.; Excellent public transportation access: 3-minute drive to Bronxville Station (Harlem Line), 5-minute drive to Tuckahoe Station (Harlem Line), and nearby Bee-Line bus routes #20 & #25.; Strong demographics: High daytime population, significant traffic volume, and high average household income within a 3-mile radius.
    (203) 249-9660 Call to check price and availability
    Request Owner's contact information
    1234 Central Park Ave Yonkers, NY 10704
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1234 Central Park Ave
    Yonkers, NY 10704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1234 Central Park Ave Yonkers, NY 10704
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Daniel
    Lisa Daniel
    (203) 249-9660 (203) 302-1701
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!