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    871 Commerce St Thornwood, NY 10594

    Sponsored
    For Sale
    $8,800,000

    Mixed-use properties, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents an 11-property portfolio located in Thornwood, Westchester County, NY, priced at $8,800,000. The portfolio boasts a diverse mix of property types, including a retail-office building at 871 Commerce Street with potential for residential conversion, six townhouses in the Marble Heights complex (recently appraised at approximately $700,000 each), an additional townhouse at The Crossings at Thornwood, a five-bedroom, four-bathroom house on Commerce Street, a house on an oversized lot on Westchester Avenue, and a renovated triplex at 825 Franklin Avenue. The retail-office building currently houses Thornwood Dental Care and Shear Performance Hair Designs. The portfolio's diverse composition offers significant potential for future appreciation and income generation. The properties are situated in a desirable location within the Village of Thornwood, Mount Pleasant, New York, and offer a compelling investment opportunity with a 5.09% pro forma capitalization rate and a Net Operating Income (NOI) of $447,758. Detailed financial information is available upon request. Offers for individual properties or portions of the portfolio will be considered. The portfolio includes addresses on Commerce Street, Franklin Avenue, Westchester Avenue, Rockhagen Road, and Larissa Lane, all within the 10594 zip code. This is a rare opportunity to acquire a well-established, income-producing portfolio in a thriving Westchester County location.

    Property Features for 871 Commerce St

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $8,800,000 asking price for an eleven‑property portfolio in Thornwood, NY.
    • Mixed‑use portfolio including office, retail, and residential properties.
    • 5.09% pro forma capitalization rate.
    • $447,758 Net Operating Income (NOI).
    • Portfolio includes a retail/office building, six townhouses in the Marble Heights complex, one townhouse at The Crossings at Thornwood, a five‑bedroom house on Commerce Street, a house on Westchester Avenue, and a renovated triplex on Franklin Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small Talk Speech ... Speech Pathologist Le Grand Entertainment Dj Service Anthony Crecco Real ... Real Estate Rental Agency ac development group Real Estate Developer The Crecco Companies Real Estate Developer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Thornwood
    County
    Westchester
    State
    New York
    Longitude
    -73.781493290564
    Latitude
    41.122768542802

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use properties, high ROI.
    Where is this mixed-use property located?
    The property is located at 871 Commerce St Thornwood, NY.
    What is the asking price?
    The asking price for this property is $8,800,000.
    What are key features of this property?
    This property features: $8,800,000 asking price for an eleven-property portfolio in Thornwood, NY.; Mixed-use portfolio including office, retail, and residential properties.; 5.09% pro forma capitalization rate.
    Request Owner's contact information
    871 Commerce St Thornwood, NY 10594
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    Thornwood, NY 10594
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    Realmo Value Estimation

    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.

    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.

    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
    871 Commerce St Thornwood, NY 10594
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