Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2270 Central Park Ave Yonkers, NY 10710
    Property profile & analytics

    2270 Central Park Ave Yonkers, NY 10710

    View on Map
    • Lifestyle centers
    • 26,975 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tanglewood Shopping Center / Shopping Center & Mall
    • Shear Artistry / Hair Salon

    Property Details for 2270 Central Park Ave

    Property size
    26,975 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents itself at Tanglewood Shopping Center, a community shopping center strategically positioned at the hard corner of Central Park Avenue and Crisfield Street in Yonkers, New York. The property boasts a total of 26,975 square feet, offering multiple tenancy options. Currently, there are two available suites, each with a minimum divisible space of 980 square feet and a maximum contiguous space of 1,120 square feet. A total of 2,100 square feet is currently vacant, presenting a prime opportunity for expansion or new business ventures. The center is located in Westchester County, New York, with a convenient address at 2270 Central Park Ave, Yonkers, NY 10710. This high-traffic location ensures excellent visibility and accessibility for businesses seeking a strong presence in a thriving community. The property's prime location and available space make it an ideal investment for retailers seeking to establish or expand their operations in a bustling commercial area. The property is classified as a retail shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.8324
    Latitude
    40.9751

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      2350 Central Park Ave

      Lifestyle centers • 8,000 SF
      2350 Central Park Ave, Yonkers, NY 10710
      View Details
    • Value Estimation
      $960,000
      39,592 SF

      1857 Central Park Ave

      MINI-MALL • 39,592 SF
      1857 Central Park Ave, Yonkers, NY 10710
      View Details
    • Value Estimation
      $1,860,000
      50,321 SF

      2141 Central Park Ave

      MINI-MALL • 50,321 SF
      2141 Central Park Ave, Yonkers, NY 10710-1831
      View Details
    • Value Estimation
      $1,070,000
      35,850 SF

      2323 Central Park Ave

      MINI-MALL • 35,850 SF
      2323 Central Park Ave, Yonkers, NY 10710-1421
      View Details
    • Value Estimation
      $3,095,000
      102,704 SF

      100 Rdg Hl Blvd

      MINI-MALL • 102,704 SF
      100 Rdg Hl Blvd, Yonkers, NY 10710-7700
      View Details
    • Value Estimation
      $4,675,000
      246,395 SF

      601 Sprain Rd

      MINI-MALL • 246,395 SF
      601 Sprain Rd, Yonkers, NY 10710-2211
      View Details

    Similar Nearby for Sale

    • $1,050,000

      Central Park Avenue Commercial Building

      Vacant corner commercial building with high visibility and parking.
      2132 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      16,553 SF

      Yonkers Retail Property Available

      Retail property in Yonkers, New York, with significant local population.
      1271 Saw Mill River Rd, Yonkers, NY 10710
      View Details
    • $899,000
      0.08 Acres

      Yonkers Commercial Opportunity For Sale

      Commercial property with high visibility and parking in Yonkers, NY.
      2070 Central Park Ave, Yonkers, NY 10710
      View Details
    • $899,000

      Central Park Avenue Retail Opportunity

      Retail property with high visibility and parking in rear.
      2070 Central Park Ave, Yonkers, NY 10710
      View Details
    • $80,000

      Established Laundromat Business For Sale

      Profitable laundromat with drop-off service in high-traffic location.
      1688 Central Park Ave, Yonkers, NY 10710
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,360 SF

      Yonkers Gateway Center Retail Space

      Premier regional shopping center in Yonkers, NY for lease.
      2500-2540 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      980 SF

      Retail Space in Community Center

      Retail space available in a centrally located community shopping center.
      2270 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      3,970 SF

      Retail Space in Westchester County

      135,086 SF shopping center with high ceilings and visibility.
      2542 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing

      Yonkers Retail Space Available

      Retail spaces available in Yonkers, co-tenants include Lidl and Barnes&Noble.
      2550 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      17,507 SF

      Yonkers Retail Space For Lease

      135,086 SF shopping center in Westchester County, NY.
      2630 Central Park Ave, Yonkers, NY 10710
      View Details
    • Contact for pricing
      3,049 SF

      Yonkers Retail Space For Rent

      145,703 SF shopping center with high visibility.
      2564 Central Park Ave, Yonkers, NY 10710
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2270 Central Park Ave
    Yonkers, NY 10710
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2270 Central Park Ave, Yonkers, NY, 10710
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!