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Bronxville Medical/Professional Office For Sale

915 Palmer Rd Unit Bronxville Bronxville, NY 10708

915 Palmer Rd Unit Bronxville, Bronxville, NY, 10708
$1,295,000
For Sale
$1,295,000

Medical or Professional Office in Bronxville for Sale

Property Size3,511 SF
Lot Size0.15 Acres
Price / SF$368.84
AddedJan 6
Days on Market190
Last RefreshMar 16 at 9:06 am

Property Features for 915 Palmer Rd Unit Bronxville

General Information

Standard status
Active
Property type
Office buildings, Medical space, Live-work space, Office Spaces, Healthcare properties, Mixed-use properties
Size
3,511 SF
Class
B
Total Parking Spaces
4
Lot size
0.15 Acres

Building Details

Year Built
1921
Year Renovated
2025
Buildings
1
Stories
4

Listing agent Camelia License #10401258871

Listing office RE/MAX Distinguished Homes & Properties

Listing date Jan 6, 2026


Investment Insights

Based on property information with market context.

The property at 915 Palmer Road in Bronxville, NY, is a four-story, 3,511 square foot building suitable for medical or professional office use. The building, formerly used as a home office, features 3 to 5 exam rooms and 3 to 8 bedrooms, allowing for flexible use. The first floor measures approximately 40 feet wide by 33 feet deep. The building contains 14 rooms and 3.5 bathrooms, along with a finished walk-out basement. The 6,385 square foot lot includes a private parking lot accommodating 4 to 6 cars, with the potential for up to 12 when double parked. Ample on-street, unmetered parking is also available. The property has vinyl siding, central air with two zones, natural gas heat, public sewer and water, and 200-amp electrical service. The location offers convenient access, with a bus stop in front and proximity to the Bronxville commuter rail station (0.3 miles). It is also close to major highways, The Bronx, and Manhattan. The property is near NewYork-Presbyterian Westchester Hospital (formerly Lawrence Hospital) and Sarah Lawrence College. It is ideal for medical and professional users or an owner-user. The property has been recently renovated and is listed below market value for office space in the Bronxville, NY 10708 area.

Key Highlights

  • 1. Property recently renovated
  • 2. Property listed below market value for office space in the Bronxville, NY 10708 area
  • 3. Proximity to train station and bus stop

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $118.0k $33.60
− Vacancy −$11.8k −$3.36
EGI $106.2k $30.24
− OpEx −$39.8k −$11.34
NOI $66.4k $18.90
3,511 SF · lease $33.60/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use
Mixed Use
$948.0K
$829.5K – $1.11M (±1% cap)
NOI $66,358 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$797.4K
$697.7K – $930.3K (±1% cap)
NOI $55,816 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$1.21M
$1.06M – $1.42M (±1% cap)
NOI $84,958 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dr. Steven R. ... Ophthalmologist Retina Consultations Ophthalmologist

Suggested Use

Parking Lot & Garage Daycare Center Restaurant Hair Salon Grocery & Convenience Store Big Box & Wholesale Store Hotel & Motel Spa & Massage Center (Bike/Boat/Book/etc) Store Food Market

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

FAQs

What type of property is this?
Office building - Medical or Professional Office in Bronxville for Sale
Where is this office building located?
The property is located at 915 Palmer Rd Unit Bronxville Bronxville, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 1. Property recently renovated; 2. Property listed below market value for office space in the Bronxville, NY 10708 area; 3. Proximity to train station and bus stop
Contact an agent
More about this property
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