Bronxville Medical/Professional Office For
For Sale
$1,295,000
915 Palmer Rd Unit Bronxville, Yonkers, NY 10708
Medical or Professional Office in Bronxville for Sale
Property Size3,511 SF
Lot Size0.15 Acres
Price / SF$368.84
Days on Market281
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 Agency:
RE/MAX Distinguished Homes & Properties
Listed By:
Camelia Pena-rivera · License #10401258871
(914) 441-1393
Added: Jan 6
Changed: Mar 16
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,358
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,160
$1.3M
Cap Rate 7%
$947,971
$948.0K
Cap Rate 9%
$737,311
$737.3K
Market Conditions
NOI Build-Up for 3,511 SF
Gross rent
$118.0K $33.60/SF
− Vacancy
−$11.8K −$3.36/SF
EGI
$106.2K $30.24/SF
− OpEx
−$39.8K −$11.34/SF
NOI
$66.4K $18.90/SF
Area
Yonkers, NY
Vacancy
10.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,160
Cap Rate 7%
$947,971
Cap Rate 9%
$737,311
Alternative Uses
Best Use
Mixed Use
$948.0K
$829.5K – $1.11M
NOI $66,358 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$797.4K
$697.7K – $930.3K
NOI $55,816 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$1.21M
$1.06M – $1.42M
NOI $84,958 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,657
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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 Yonkers, 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
