For Sale
$1,500,000

245 Saw Mill River RdHawthorne, NY 10532

Hawthorne, NY Office Condo - 8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
113

Highlights

  • 6,000 SF fee-simple office condo, 100% occupied, generating $120,057 NOI (8% cap rate).
  • Excellent location in Hawthorne, NY, near major highways, Metro-North, and Amazon Fulfillment Center.
  • Ground floor suite features 20 private offices, conference room, reception, pantry, and IT/storage.
  • Building offers ample parking (115 spaces per 1,000 sq ft), one dedicated spot per suite.
  • Strong potential for future growth with 5% annual rent bumps and pro-forma NOI of $122,563 (8.17% cap rate).
  • Asking price: $1,500,000 ($250/SF).

Property Details for 245 Saw Mill River Rd

Property type
Office properties, Office space
Square Feet
6,000 SF
Class
B
Year Built
1986
Buildings
2
Stories
3
Lot Size (sq. ft)
10,890 SF
Units
20

Location Insight

City
Hawthorne
County
Westchester
State
New York
Latitude
41.102365849807
Longitude
-73.808898869377
245 Saw Mill River Rd, Hawthorne, New York
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245 Saw Mill River Rd
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