611 Hartsdale Ave Hartsdale, NY 10530

This exceptional two-story, 29,000 square foot Class A office building in Hartsdale, NY presents a compelling value-add investment opportunity. Located at 611 W Hartsdale Ave, this fee-simple property boasts a prime location in Westchester County, offering convenient access to NYC, New Jersey, and Connecticut. The building, constructed in 2004 and fully renovated in 2017, features a striking atrium-style entry with a 32-foot ceiling and Brazilian marble flooring. Currently, the building is 68.2% occupied, with a prominent DaVita Dialysis center anchoring the first floor since September 2019. The lower level houses a Fred Astaire Dance Studio, adding to the diverse tenancy. The second floor offers approximately 7,000 square feet of vacant space, ideal for an owner-user or further lease-up. Four additional suites are also located on the second floor, including a doctor's office. The property includes 62 parking spaces and features a comprehensive suite of amenities, including a generator, sprinkler system, exterior lighting, and a snow melt system on exterior stairs. The building sits on a 61,855 square foot lot and is zoned LOB. Financial highlights include a current NOI of $153,033, a pro-forma NOI of $299,086, an asking price of $4,975,000, and a pro-forma cap rate of 6.01%. The property's strong tenant base, including a credit-rated, corporate-guaranteed franchisee, contributes to its stability and investment potential. The building is comprised of six units across two stories. Full occupancy is projected by October 17, 2024.